Today’s gold prices: Precious metals will rise as the US currency weakens; purchase on declines

 Gold prices were little changed on Wednesday in the international markets, remaining close to a one-month high achieved in the previous session. gold was down 0.1% at $1,709.80 per ounce. US gold futures decreased by 0.1% to $1,714.10. On the Multi-Commodity Exchange (MCX), gold contracts were trading 0.16% higher at Rs 51,545 for 10 grams…

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Gold Prices Today: US Fed Minutes and Inflation Data to Maintain Range-Bound Precious Metals

As players avoided making significant changes ahead of a crucial U.S. inflation number that might affect the magnitude of the Federal Reserve’s next interest rate hike, gold prices were stable on Thursday in foreign markets. Spot gold was unchanged at $1,672.79 per ounce. At $1,679.80, U.S. gold futures were up 0.1%. On the Multi-Commodity Exchange…

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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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Gold prices expected to trade sideways to down this week

Commodity fees traded decrease with the maximum of the commodities withinside the non-agro phase witnessing a decline at some point of the week with crude oil and metals falling the maximum accompanied with the aid of using bullion fees. Gold fees traded decreased with spot gold fees at COMEX falling with the aid of using 1.49% to $1712 in step with an ounce for the week. Gold October futures at MCX fell with the aid of using 1.70% to Rs 50368 in step with 10 grams at…

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Gold price today: Weaker dollar supports yellow metal but hawkish Fed could cap gains

Gold prices rised slightly in global markets on Tuesday as the dollar fell from a 20-year high, offsetting pressure from expectations the U.S Federal Reserve kept interest rates higher for longer to combat inflation broadcast. Spot gold was up 0.1% to $1,739.1 an ounce. Morning, gold contracts traded were down 0.29% on the Multi Commodity…

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