Gold prices in Asian trading on Monday surpassed $4,700 per ounce, reaching an all-time high, following the US President’s imposition of new trade tariffs on eight European countries in connection with his attempt to purchase Greenland. This decision provoked strong condemnation from European politicians. As a result, investors sought refuge in precious metals. On Monday,…
Gold prices rose in Asian trading on Monday following a US military operation in Venezuela and the arrest of President Nicolás Maduro. Venezuela possesses the world’s largest oil reserves, but years of sanctions and underinvestment have severely hampered production. The US actions increased uncertainty regarding the country’s short-term crude oil supply. For gold, this increased…
After ending last year with record gains, gold prices rose in Asian trading on Friday, the first trading day of 2026. Demand for gold increased again due to the decline in the value of the US dollar and expectations of interest rate cuts. After falling from record highs in the last week of 2025, gold…
Gold and silver reached new record highs on Friday as investors flocked to safe-haven assets amid rising global tensions and a weakening US dollar.This shift was largely driven by geopolitical factors. Silver followed gold’s advance, boosted by its industrial applications, particularly in electronics and clean energy technologies, and its safe-haven appeal. Analysts say that while…
Gold prices fell in Asian markets on Tuesday. The reason was that US Treasury interest rates rose. Investors were cautious due to several important economic data and a major policy announcement by the US Federal Reserve. The US 10-year Treasury yield was near its highest level in the past two weeks. Generally, buying gold is…
Gold prices continue to rise as expectations of a December rate cut grow. Traders in Asia pushed gold prices higher on Tuesday, Recently, markets increased expectations for a December rate cut after two Fed officials voiced support for a rate cut next month. Gold has hit several new highs this year since the Fed cut…
Gold prices fell further in Asian markets on Tuesday. The US dollar strengthened, boosting hopes that the US Federal Reserve (Fed) will not cut interest rates in December. Gold is losing its appeal compared to fixed-income US government bonds, which offer higher yields and longer maturities. Recent comments by Fed officials have further weakened the…
Gold prices rose in Asian markets on Friday, as tensions over the US economy increased after the US Federal Reserve said it would cut interest rates in December. This week, gold easily surpassed the key $4,000 an ounce mark, marking its first weekly gain in four years.Other precious metals have also risen in price. Spot…
Gold prices rose 1.45% to ₹101,204 as investors expected the US central bank to cut interest rates soon. There is an 81% chance of a rate cut in September. Gold was also boosted by rising global tensions. The president raised import duties on goods from several countries to between 10% and 41%. Citi raised its…
Gold prices fell 0.28% to 97,545 as the US dollar strengthened after the US-EU trade deal. At the same time, the US imposed a 15% tariff on some European goods. This increased demand for the dollar and lowered gold prices. In June, Swiss gold exports rose 44% to their highest level since March, with large…
