A strong dollar and high U.S. Treasury yields hampered gold’s price decline to its lowest point since April 2021, as expectations of another significant Fed rate hike reduced the attraction of bullion. To $1,664.46 an ounce, spot gold decreased 1.9 %. At $1,662.30 per ounce, U.S. gold futures experienced a 2.02% decline. Silver prices were…
On the Multi-Commodity Exchange (MCX) in the morning, gold contracts were trading 0.2% down at Rs 50,427 for 10 grams while silver prices were up 0.3% at Rs 55,213 for a kg. Spot gold prices increased globally by 0.1% to $1,717.17 per ounce. At $1,728,70, U.S. gold futures were unchanged. A key U.S. inflation reading…
On Thursday, gold prices held steady at over $1,700 as a break in the recent dollar gain reduced some of the pressure on bullion prices and as attention shifted to an impending meeting of the European Central Bank for additional indications. After rising by about 1% on Wednesday, spot gold remained practically flat at $1,717.40.Gold…
Following economic statistics that increased anticipation the Federal Reserve will maintain its aggressive rate-hike path, gold prices decreased on Wednesday in international markets as the U.S. dollar and Treasury yields surged. Spot gold was down 0.3% at $1,696.30 per ounce. Higher benchmark Treasury yields are supported by better U.S. economic statistics, which increases demand for…
Commodity fees traded decrease with the maximum of the commodities withinside the non-agro phase witnessing a decline at some point of the week with crude oil and metals falling the maximum accompanied with the aid of using bullion fees. Gold fees traded decreased with spot gold fees at COMEX falling with the aid of using 1.49% to $1712 in step with an ounce for the week. Gold October futures at MCX fell with the aid of using 1.70% to Rs 50368 in step with 10 grams at…
Gold prices rised slightly in global markets on Tuesday as the dollar fell from a 20-year high, offsetting pressure from expectations the U.S Federal Reserve kept interest rates higher for longer to combat inflation broadcast. Spot gold was up 0.1% to $1,739.1 an ounce. Morning, gold contracts traded were down 0.29% on the Multi Commodity…
After the Kansas City Federal Reserve organizes one of the most significant economic conferences in Jackson Hole where Chairman Jerome Powell’s keynote address today will likely attract the most attention the next gold trigger would occur. This year’s symposium takes place at a crucial time compared to the previous three to four years because the…
Gold prices edged higher on Tuesday in the global markets after striking a near one-month low in the last session, helped by a slight pullback in the dollar although remaining worries over further hostile U.S. interest rate stroll kept the rise in check. Spot gold was up 0.2% at $1,738.90 per ounce, after striking its…
Gold prices fall over to a three-week low on Friday in the global markets and were heading for their first weekly decline in five, as a stronger dollar and prospects of more rate rises by the U.S. Federal Reserve dented its appeal. Gold contracts were trading 0.3% lower on the Multi-Commodity Exchange (MC-X) at Rs.51,451 per…
Gold prices struggled for momentum on August 10 in the international markets, as investors refrained from making big bets ahead of U.S. inflation data, which is expected to influence the pace of Federal Reserve rate hikes. Today morning the gold contracts were trading 0.24 percent lower on the Multi-Commodity Exchange (MCX) at Rs. 52,361 for 10 grams…
