Gold prices were mostly unchanged in Asian markets on Thursday. Low interest rates provided some support to a weaker US dollar after the president criticized the Federal Reserve chairman. Earlier this week, gold prices fell sharply due to the ongoing ceasefire between Israel and Iran. The peace deal has dampened demand for safe-haven assets like…
Gold prices fell 2.38% to ₹97,023 as investors questioned how long the ceasefire between Iran and Israel would last. Fresh reports of missile strikes and military action have re-ignited concerns, leading to uncertainty over the ceasefire. Another reason for the decline was that the US Federal Reserve chairman said in a speech that while inflation…
Gold prices fell 0.21% as investors sold gold and covered losses in other investments as the Israel-Iran conflict intensified. The US has said that it may cut interest rates twice, even if it keeps them unchanged. The US President pressed for a deeper cut. In a survey by the ‘World Gold Council’, 95% of central…
Gold prices ended mostly flat at $99,537. This was as a strong US dollar offset increased demand for gold due to rising tensions in the Middle East. The standoff between Iran and Israel continued for a sixth day, with Israel confirming strikes near Tehran and Iran firing missiles in response. Concerns increased when the US…
Gold prices fell by 1.09% to settle at ₹99,178 per 10 grams on the MCX, despite geopolitical tensions in the Middle East. Investors are cautious ahead of key global central bank meetings, especially the U.S. Federal Reserve’s policy decision. Goldman Sachs forecasts prices to reach $3,700/oz by the end of 2025, and BofA suggests a…
Gold rose 1.75% to ₹98,392 as concerns over global conflicts increased and US economic reports suggested the Federal Reserve could cut interest rates. Investors favoured gold as a safe-haven asset due to rising tensions in the Middle East. At the same time, jobless claims remained high and US producer prices were lower than expected, suggesting…
Gold prices fell 0.2% to ₹96,704 per 10 grams after weaker-than-expected US inflation data. Core inflation was 2.8% in May, while headline inflation was 2.4%, lower than the expected 2.5%. This led many traders to book profits. However, the low inflation has increased expectations that the US Federal Reserve may cut interest rates in early…
Gold prices rose 0.88% to close at ₹98,579 today as investors turned more cautious after a series of weak economic reports from the US. The latest jobs report (JOLTS) showed that 7.39 million jobs were added in April. While the figure was higher than expected, it still showed uncertainty in the job market. Comments from…
Gold prices rose 2.17% to 97,953 as people worried about new US tariffs and global tensions. Many investors started buying gold as a safe haven. The main reason for the price increase was the US President’s plan to raise tariffs on steel and aluminum imports to 50% from June 4. At the same time, the…
Gold prices fell 0.61% to 95,875 as strong US economic data reduced the likelihood of an immediate interest rate cut by the Federal Reserve. April data showed that personal income in the US rose more than expected and spending and inflation were in line with forecasts. This reduced the attractiveness of non-interest-bearing gold and increased…
