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 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 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 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…
Gold prices rose on Friday due to a softer dollar and Treasury yields, following U.S. economic data showing a slowdown in inflation. Spot gold was up 1.2% at $2,624.15 per ounce, while U.S. gold futures settled 1.4% at $2,645.10. The dollar fell 0.6% from its two-year high, making gold less expensive for overseas buyers. The…
Ahead of the Federal Reserve’s widely anticipated interest rate decrease next week, gold reached yet another record high. Friday saw a 1% increase in gold prices to $2,583.45 an ounce, putting it on track for a roughly 3% weekly gain. Gold has increased by 25% this year as a result of the central bank’s move…
