MCX Gold October futures could increase to Rs 51,300 per 10 gram in coming days ahead of festive season

Comex gold was trading at close to two-year lows at about $1,670 per ounce, continuing to be pressured by a strong dollar and rising Treasury yields that reflected forecasts for tighter monetary policy and weakening global growth. According to ECB board member Isabel Schnabel, increased inflationary pressures in the eurozone are likely to be more…

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Gold Prices Today: Yellow metal likely to decline as a strong dollar, rising yields

A strong dollar and high U.S. Treasury yields hampered gold’s price decline to its lowest point since April 2021, as expectations of another significant Fed rate hike reduced the attraction of bullion. To $1,664.46 an ounce, spot gold decreased 1.9 %. At $1,662.30 per ounce, U.S. gold futures experienced a 2.02% decline. Silver prices were…

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