Tuesday’s Asian trading saw a decline in gold prices, but they were still at record highs due to the demand for safe-haven assets brought on by worries about an Iranian attack on Israel. Gold futures expiring in December dropped 0.1% to $2,501.45 an ounce, while spot gold declined 0.4% to $2,460.78. While spot prices continued…
The price of gold increased by Rs 1,100 to Rs 72,450 per 10 grammes in the nation’s capital on Friday due to rising domestic demand and signals from the international market. The price of precious metal per 10 grammes had ended at Rs 71,350 during the previous session. In addition, the cost of silver increased…
As investors anticipated further signals from the Federal Reserve regarding interest rate reductions, gold prices increased during Wednesday’s Asian trading session, supported by a weakening dollar. Gold futures expiring in December saw a 0.5% increase to $2,463.85 an ounce, while spot gold increased by 0.3% to $2,419.11. Before the end of the Fed meeting later…
Monday’s Asian trading saw a rise in gold prices, regaining some of the ground lost during July’s downturn. This was due to attention being drawn to the Federal Reserve’s upcoming meeting when it is anticipated that the central bank would issue additional hints regarding interest rate cuts. Gold futures expiring in December saw a 0.5%…
The dollar strengthened on Friday, and some investors booked profits after the metal’s recent run due to growing anticipation of a U.S. interest rate reduction in September. As a result, gold prices fell more than 1%. At $2,404.34 per ounce, spot gold was down 1.7% from its peak. On Wednesday, gold reached a record-breaking $2,483.60….
In response to significant U.S. jobs data that indicated the labor market was slowing and raised hopes for a Federal Reserve interest rate decrease in September, gold prices continued to rise on Friday, reaching their highest level in over a month. Spot gold was trading at $2,385.63, up 1.3%. Thus far this week, gold has…
Yesterday, rising U.S. Treasury yields and a stronger currency put pressure on gold, which finished the day down -0.14% at 715554. According to data from the World Gold Council, central banks purchased a net 10 tonnes of gold in May, a substantial decrease from the 56% increase in April and well below the 42 tonnes…
Gold prices increased by 0.1% yesterday, closing at 71,654, as investors became cautious ahead of important economic data that could affect the Federal Reserve’s interest rate choices. U.S. Treasury yields also stayed steady. According to recent data, consumer spending increased somewhat in May, while U.S. prices remained steady. The Federal Reserve is currently seen by…
The report reflecting the muted U.S. economic activity had an impact on gold’s marginal -0.01% decline to 71,732. Along with notable lower adjustments for April and only a marginal rise in U.S. retail sales for May, this data has kept hopes alive for at least one interest rate cut by the Federal Reserve this year….
Gold fell 0.45% to 71,256 yesterday after hawkish comments in the Federal Reserve’s most recent minutes dampened prospects of a U.S. interest rate drop. The policymakers’ heated discussion about whether the present rates are tight enough to curb inflation was evident in the minutes. Interest rate hikes in the future were discussed, even though it…
