Gold prices hit record highs on Friday, helped by an interest rate cut by the European Central Bank just weeks before the US presidential election. Spot gold rose 0.8% to $2,713.18 an ounce, while gold futures for December expiration rose 0.8% to $2,728.30 an ounce, both hitting record levels on Friday. Silver prices broke out…
Gold prices edged lower in Asian trade on Tuesday. Industrial metals also retreated, with copper facing lingering pressure from concerns over top importer China after Beijing gave neutral hints to plans for more stimulus. Positive copper import data did little to offset this trend. Broad metal prices were also largely negative and were nursing losses…
In Asian trade on Thursday, gold prices rose. Because investors expect the yellow metal to continue to profit from the low interest rate environment. However, interest rates were cut somewhat lower than expected due to the core consumer price inflation figures for August. Traders saw a 25 basis point drop in late September; This idea…
As investors prepared for a monthly data on U.S. payrolls, which might impact the pace and extent of this year’s Federal Reserve interest rate cuts, gold prices remained stable on Wednesday. Spot gold maintained its position at $2,493.34 per ounce on Tuesday, after plunging to its lowest level in over a week. At $2,524.80, US…
Gold prices fell by 0.8%, settling at 71,611 INR per 10 grams due to strengthening U.S. dollar and Treasury yields following inflation data. However, gold ended the week positively due to anticipation of a potential interest rate cut by the U.S. Federal Reserve in September. The personal consumption expenditures price index rose by 0.2% in…
As the dollar and Treasury rates declined in response to remarks made by the chair of the Federal Reserve that suggested an interest rate cut in September, gold prices increased by more than 1% on Friday. Although it was down from Tuesday’s record high of $2,531.60, spot gold increased 1.2% to $2,512.63 per ounce. US…
Gold prices fell to record lows in Asian trade on Thursday, as the yellow metal’s rally cooled, as U.S. interest rate cuts and a slowdown eased. The yellow metal hit an expected high this week the Federal Reserve will begin cutting rates in September. Spot gold fell 0.5% to $2,500.55 an ounce, while gold futures…
Gold prices saw robust selling last week in response to China’s weak demand for real gold. The COMEX gold market saw a 4.50 percent loss last week, while the yellow metal price in India saw a greater decline as a result of price adjustments following the news of a 9 percent reduction in customs duties…
Gold prices increased by 0.1% yesterday, closing at 71,654, as investors became cautious ahead of important economic data that could affect the Federal Reserve’s interest rate choices. U.S. Treasury yields also stayed steady. According to recent data, consumer spending increased somewhat in May, while U.S. prices remained steady. The Federal Reserve is currently seen by…
Gold prices fell for the second consecutive session on Thursday due to a rise in the U.S. dollar and Treasury yields ahead of key inflation data. This data could impact the Federal Reserve’s interest rate plan, leading investors to brace for potential surprises that may require the Fed to adjust its monetary policy outlook. Spot…
