Silver rates fell by 0.32% on Thursday, while gold prices just slightly declined. Gold October futures were selling at Rs 59,460 per 10 grams on the Multi Commodity Exchange, down Rs 18 or 0.03%. On the MCX, silver December futures were trading at Rs 76,037 per kilogram, down Rs 243. Although inflation figures anticipated later…
On Wednesday, gold prices rose as a slight drop in the dollar and Treasury yields allowed bullion to stabilize close to a crucial $1,900 level ahead of a meeting of central bankers that was likely to reveal clues about the direction of interest rates. While American gold futures increased by 0.2% to $1,929.40 per ounce,…
Yesterday, the price of gold decreased by -0.67% to settle at 58290 as the 10-year Treasury yield rose to its highest level in 10 months on concerns that U.S. interest rates may continue to rise in the future, which was fueled in part by China’s economic difficulties. The Fed’s minutes revealed that policymakers were split…
The price of gold yesterday dropped by 0.2% to settle at 58853 as demand for bonds in the secondary market increased due to the CPI report coming in lower than expected, supporting market predictions that the Fed won’t raise interest rates this year. Compared to estimates of a 3.3% increase, consumer prices in the US…
After traders processed Friday’s jobs news, the U.S. dollar and Treasury yields rose. This week’s U.S. inflation data will now be the focus, and gold yesterday finished down -0.18% at 59420. According to reports, the U.S. economy added fewer jobs than anticipated in July, but strong pay growth and a drop in the unemployment rate…
The dollar strengthened and expectations of a gentle landing for the sturdy U.S. economy dampened demand for gold as a safe haven yesterday, causing it to close down -0.07% at 59432. Initial claims increased only somewhat, as anticipated, but job losses were at their lowest level in almost a year and both labour prices and…
The US Federal Reserve’s hawkish comments yesterday caused gold to decline by -0.33% to settle at 59157. In its most recent report to Congress, the Fed said that while inflation in important segments of the US services industry “remains elevated and has not shown signs of easing,” it decided to leave interest rates steady but…
The price of gold yesterday increased by 0.1% to 59355 as traders analyzed the most recent changes to monetary policy. The Federal Reserve stopped it’s tightening drive but made a suggestion that interest rates might rise again this year. At the same time, the ECB announced a further 25 bps increase in borrowing costs and…
Amid conflicting predictions for the Fed’s monetary policy decision, gold yesterday declined by -0.12% to 59821. According to data, 261 thousand Americans applied for unemployment benefits in the week ending June 3, up from 233 thousand the week before and the 235 thousand expected. China and India’s physical gold demand decreased, forcing dealers to give…
On Wednesday, the gold price barely changed as the markets braced themselves for a Federal Reserve meeting, while copper prices continued their recovery from six-month lows. The dollar suffered this week due to disappointing U.S. economic statistics, which led to speculation that the Fed wouldn’t have enough room to continue rising interest rates. This led…
