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 edged higher on Friday after a sharp decline the previous day. They are on track to finish the week higher on concerns about the U.S. budget deficit and new trade tariffs. Spot gold rose 0.3% to $3,337.50 an ounce, while gold futures for August rose 0.1% to $3,347.52 an ounce. On Thursday, gold…
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 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 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 rose 0.93% to close at 93,297 on concerns about the US economy and government debt. Credit rating agency Moody’s downgraded the US government’s rating, citing high debt and rising interest costs. This increased the appeal of gold as a safe-haven investment for investors. Gold fell more than 3% last week, but it rebounded…
Gold prices rose in Asian trading on Friday after two days of declines. This happened as investors awaited Chinese trade talks and considered the implications of a new US-UK trade deal. At first, gold prices fell in early Asian trading as experts were unsure whether the UK deal would lead to less tension. But then,…
