Gold prices in Asian trading on Monday surpassed $4,700 per ounce, reaching an all-time high, following the US President’s imposition of new trade tariffs on eight European countries in connection with his attempt to purchase Greenland. This decision provoked strong condemnation from European politicians. As a result, investors sought refuge in precious metals. On Monday,…
Gold prices rose in Asian trading on Monday following a US military operation in Venezuela and the arrest of President Nicolás Maduro. Venezuela possesses the world’s largest oil reserves, but years of sanctions and underinvestment have severely hampered production. The US actions increased uncertainty regarding the country’s short-term crude oil supply. For gold, this increased…
Gold prices rose slightly in Asian markets on Wednesday on expectations that the US Federal Reserve (Fed) will cut interest rates. Silver prices rose faster than gold, hitting a new high above $62 an ounce as silver is expected to be in tight supply and in high demand next year. In addition, the US dollar…
Gold prices rose in Asian trade on Friday as expectations grew that the US Federal Reserve would cut interest rates next month. This brought gold to four consecutive months of gains in November. Spot gold rose 4.6% in November, registering a fourth straight monthly gain. But last week, gold rose sharply as expectations of a…
After a strong performance this week, gold prices fell slightly in Asian trade on Thursday. Investors are increasingly optimistic that the US Federal Reserve (Fed) will cut interest rates in December. It also weakened the US dollar, which lifted the prices of metals including gold this week. Platinum was weak on Thursday, but silver prices…
Silver prices rose as the US dollar fell to its lowest level in two weeks. This happened as people were worried about the US economy and government spending. Silver rose 1.92% to close at ₹97,288. The dollar weakened after Moody’s downgraded the US debt rating to “AAA” from “AA1” due to high debt and large…
Gold prices rose in Asian trading on Friday after two days of declines. This happened as investors awaited Chinese trade talks and considered the implications of a new US-UK trade deal. At first, gold prices fell in early Asian trading as experts were unsure whether the UK deal would lead to less tension. But then,…
Gold prices rose 0.32% to ₹87,554 on the back of continued uncertainty over US tariffs and their potential to dampen global economic growth. Also, Hong Kong’s gold imports from China rose 7.5% to 14.851 metric tonnes in February from 13.816 tonnes in January, indicating steady demand from the world’s largest gold consumer. The Fed kept…
Investors were waiting for key US inflation data due to book profits, which will provide more clues about the Federal Reserve’s interest rate policy. Market sentiment suggests it will cut rates again in June after cutting rates three times in 2024. China’s reserves rose to 73.61 million fine troy ounces in February from 73.45 million…
Gold prices closed down 0.79% at $85,196 as investors worried about a strong U.S. dollar and key inflation data. Uncertainty over U.S. trade plans also weighed on the market, with the U.S. President considering imposing a 25% “reciprocal” tariff on European automobiles and postponing additional tariffs on imports from Mexico and Canada until April 2….
