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…
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
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…
Early on Wednesday, the price of gold remained steady, with ten kilos of 24-carat gold trading at Rs 54,480. On the other side, silver prices increased by Rs 1,200, bringing the price of the precious metal to Rs 72,300 per kg. 10 grammes of 22- and 24-carat gold are selling for Rs. 49,950 and Rs….
In anticipation of U.S. inflation statistics and a number of central bank meetings around the world, including the Federal Reserve, gold prices moved lower on Monday. Gold’s spot price fell 0.3% to $1,792.15 per ounce. The price of US gold futures decreased 0.4% to $1,803.70. The U.S. central bank’s final meeting of 2022, planned for…
As the dollar and U.S. bond yields fell on Wednesday, gold prices increased to a two-week high on speculation that the Federal Reserve might tone down its hawkish policy of rate hikes from December. After reaching its highest level since October 13, spot gold increased by 1% to $1,669.22 per ounce. At $1,673.80, U.S. gold…
Gold in Asia rose to a one-week high on Thursday morning. The U.S. The Federal Reserve did not provide a deadline for its plans in its latest policy decision and said it was “a way out” of considering interest rate hikes. Gold futures rose 0.81% to $ 1,814.20 on July 20. The dollar, which normally…
Gold rose in Asia on Wednesday morning, with the US gaining ground. As investors wait for the Federal Reserve’s latest policy decision, the key psychology is close to $ 1,800. Gold futures rose 0.36% to $ 1,806.35. The dollar rose on Wednesday but was below the three-and-a-half-month high reached in the previous week. The central…
Gold fell in Asia on Friday morning, recovering from a low of more than a week during the previous session. U.S. U.S. yields rebound and weaker than expected. Economic data also helped to strengthen the dollar. Gold futures were down 0.06% at $ 1,804.35 on Thursday. It was at $ 1,791.16 on Thursday after hitting…
U.S. Energy Information Management (EAA) U.S. Confirming an astonishing structure in the supply of crude oil, the rising Govt-19 cases reduce the global fuel demand outlook. However, the black liquid kept most of its gains from the previous session above expectations that products would be tight by the end of 2021. Brent oil futures rose…
