Gold prices fell in Asian markets on Tuesday. The reason was that US Treasury interest rates rose. Investors were cautious due to several important economic data and a major policy announcement by the US Federal Reserve. The US 10-year Treasury yield was near its highest level in the past two weeks. Generally, buying gold is…
After a strong performance this week, gold prices fell slightly in Asian trade on Thursday. Investors are increasingly optimistic that the US Federal Reserve (Fed) will cut interest rates in December. It also weakened the US dollar, which lifted the prices of metals including gold this week. Platinum was weak on Thursday, but silver prices…
Gold prices fell in Asia on Thursday because investors were less worried after the U.S. president calmed fears that he might fire the head of the Federal Reserve too soon. Other metal prices also dropped due to the strong U.S. dollar, which stayed close to a three-week high after inflation data showed that prices didn’t…
Gold rose 0.24% to close at ₹96,691. The US Federal Reserve’s (Fed) June meeting action notes gave a nod to a rate cut. The bank’s dovish approach, given the tax-related inflation and economic data, confirms the central bank’s stance. As for the central bank’s stance, China’s gold reserves rose slightly in June to 73.90 million…
Gold prices rose 1.22% to ₹97,251 on concerns over US trade deals and government spending. The US dollar weakened as investors worried about the government’s big spending and tax cut plans, which could lead to more borrowing. This made investors move their money into safe-haven assets like gold. Many expect the Federal Reserve to cut…
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 closed down 0.83% at $95,143 on growing optimism about US-EU trade talks. Switzerland imported 63 metric tons of gold from the US in April after the US lifted tariffs on the precious metal. However, Switzerland’s overall gold exports fell 31% from the previous month, with shipments to the US falling sharply to 12.7…
Gold prices fell 0.78% to 92,441 on progress in US-China trade talks. The US cut tariffs on small Chinese imports and announced a 90-day pause in trade tensions with China. The measures reduced global uncertainty, making gold a “safe haven” investment. However, expectations that the US Federal Reserve may cut interest rates later this year…
Gold prices rose 0.13% to close at 86,024 on rising trade tensions. Inflation concerns have risen as a result of the US President’s tariff threats against several industries and his ongoing tariffs on Chinese imports and metals. The Federal Reserve’s cautious approach to interest rate cuts in the face of these inflationary pressures was reiterated…
