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…
Gold yesterday increased by 0.06% to settle at 60234 as Treasury yields and the U.S. currency declined. Days before the largest economy in the world is scheduled to begin defaulting on its debt, improved risk sentiment impacted bullion as the plan to raise the debt limit and curb government spending in the U.S. was passed…
As investors await the votes on the debt deal, gold yesterday closed up by 0.33% at 60198 as the yield on the US 10-year Treasury note dropped to just 3.7%, significantly below the 3.85% seen last week. After passing a significant procedural obstacle, the debt-limit agreement reached by US President Joe Biden and Speaker Kevin…
Gold yesterday decreased -0.18% to 59353 as the dollar index stayed close to two-month highs above 104, helped by rising predictions that US interest rates may stay high for longer than originally predicted. Market expectations were higher than the most recent PCE inflation data, which raised the possibility that the Federal Reserve would retain its…
Gold yesterday increased by 1.1% to conclude at 60379 as the dollar index continued to decline and moved farther away from a two-month high of 103.6 the day before. Investors are keeping an eye on the debt ceiling standoff and adjusting their expectations for the Fed’s next action. GOP negotiators reportedly left a debt ceiling…
On Tuesday, the prices for gold and silver both decreased. The price of June delivery gold futures on the multi-commodity exchange was Rs 60,903, down 124 points, and the price of July delivery silver futures was Rs 73,116, down 286 points. While the US debt-ceiling issue and fear of a default restrained additional losses in…
The price of gold is falling today, while the price of silver is down by 0.21%. Gold June futures were down Rs 146 or 0.24% to Rs 61,273 per 10 grams on the Multi Commodity Exchange. At Rs 77,290 per kg on the MCX, silver July futures were trading 166 rupees lower. According to Reuters,…
The price of gold is trading unchanged on Friday, while the price of silver is up 0.23%. Gold June futures were selling at Rs 61,469 per 10 grams on the Multi Commodity Exchange, down Rs 24 or 0.04%. On the MCX, silver May futures were trading at Rs 78,220 per kilogram, up Rs 182. Globally,…
On Wednesday, the price of gold is declining, while the price of silver is rising by 0.10%. Gold June futures were up Rs 101 or 0.17% on the Multi Commodity Exchange, trading at Rs 60,160 per 10 grams. Silver May futures were trading at Rs 74,334 per kg on the MCX, up Rs 71. As…
