Keeping up with the strong trend in the global markets, gold rates in the futures market may reach a new high of ₹68,350 per 10 grams. On Tuesday, when the U.S. dollar fell, gold for March delivery saw a high of ₹68,700 and a low of ₹68,210. The near-month price of the February gold contract…
As the dollar dropped on Tuesday and investors awaited US economic data in the expectation that the Federal Reserve would raise interest rates more gradually, gold prices moved up on the world markets. The yellow metal continued to experience an upsurge in the session after the previous week’s close, finishing with 0.25 percent gains. Investors…
On January 19, gold prices increased slightly in early Asian trading as investors assessed the likelihood that the US Federal Reserve will decrease the rate at which it raises interest rates. Gold’s spot price increased by 0.2% to $1,907.18 per ounce. To $1,909.40, US gold futures increased by 0.1 percent. Deveya Gaglani, Research Analyst –…
On Monday, gold prices increased and maintained a seven-month high as signs of a slowing jobs market raised hopes for a lower U.S. inflation reading this week and a future shift away from the Federal Reserve’s aggressive rhetoric. After Labor Department data revealed that U.S. nonfarm payrolls expanded at their weakest rate in a year…
Despite conflicting global cues, the price of gold is trading higher on Friday, while the price of silver is up 0.5%. Gold February futures were selling at Rs. 55,383 per 10 kilos on the Multi Commodity Exchange, up Rs. 93 or 0.17%. On the MCX, silver March futures were trading 337 rupees higher at Rs….
As markets anticipated critical data on U.S. nonfarm payrolls on Friday, gold prices held near seven-month highs, while copper prices reversed weekly losses due to the relaxation of additional anti-COVID measures in major importer China. After a series of abrupt rate hikes by the Federal Reserve in 2022, it is anticipated that U.S. nonfarm payrolls…
A weaker dollar and increased prospects of future rate hikes that are less aggressive helped gold prices extend their new year surge and rise more than 1% to their highest level since mid-June. The price of spot gold increased by 1.2 percent to $1,860.64 per ounce, reaching its highest level since June 13. U.S. gold…
On Wednesday, gold prices stayed at six-month highs, ending a recent rise as traders repurchased dollars in anticipation of additional monetary policy clues from the Federal Reserve’s December meeting minutes. The yellow metal saw a solid start to the year as demand for safe havens other than the dollar surged in response to worries about…
As traders awaited economic data due later in the day to determine the US Federal Reserve’s attitude on rate hikes, gold was trading flat in India’s market and other Asian markets on December 23 morning. The price of gold was Rs 54,530 for 10 grams, up 0.02 percent on the Multi Commodity Exchange (MCX). A…
Following a significant increase the day before, gold prices were around a six-month high on Wednesday as markets anticipated an interest rate increase from the Federal Reserve later in the day as well as their comments on lessening inflationary pressures. As evidence that price pressures in the nation have peaked and are expected to retreat,…
