Gold prices rose 0.59% to ₹97,788 on the back of the latest US economic data and the president’s trade policy speech. According to the CME FedWatch tool, the probability of a rate cut in September is 59.9%, while the July meeting is expected to be in the range of 4.25%–4.50%. Globally, central banks continued their…
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 fell 0.82% to ₹96,472 on concerns over US trade tariffs and expectations of interest rate hikes. The president’s threat to impose higher tariffs on imports from key partners like Japan and South Korea also spooked global markets. Better-than-expected US employment data reduced the chances of an interest rate cut soon, further reducing the appeal…
Gold prices rose marginally by 0.29% to close at ₹97,270 yesterday. The small increase came despite trade deals and strong US jobs data limiting how much prices could rise. The US has made progress on several trade deals and delayed some tariffs until August 1. However, the new tariffs set to kick in on July…
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 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 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 as investors turned more cautious due to rising trade tensions. However, gold still rose 0.93% to close at 96,421 on growing concerns about the economy and global politics. The US President has threatened to impose a 25% tariff on goods coming from the European Union from June 1 if Apple does not…
