Silver prices slightly declined by 0.01% to 85,658, driven by higher U.S. bond yields and awaited inflation data. The Federal Reserve emphasized the need to adjust monetary policy due to labor market risks and confidence in inflation’s 2% target. U.S. durable goods orders exceeded expectations in July, shaping market expectations. Future rate adjustments remain under…
Although gold prices somewhat declined in Asian trade on Monday, they were still close to record highs last week as the expectation of lower U.S. interest rates pummelling the dollar gave the metal markets a better outlook. Yellow metal reached all-time highs last week, leading to gains in the metal markets as traders cheered the…
Gold prices were steady in Asian trade on Monday, near record highs as traders awaited further signs on US interest rates from key inflation data due later in the week. Gold futures for December settlement were steady at $2,472.20 an ounce, while spot gold rose 0.1% to $2,433.62 an ounce. Additionally, spot gold was $50…
On Friday, the price of gold saw a small boost. The cost of 24-carat gold has increased by Rs. 1014.0 to Rs. 6420.6 per gram. The cost of 22-carat gold has increased by Rs. 930.0 to Rs. 5881.3 per gram. 24-carat gold saw a 1.23% gain in price over the previous month, but only a…
As investors priced in a pause in interest rate increases by the Federal Reserve during its policy meeting this week, with a focus on the U.S. central bank’s rate outlook, gold prices nudged higher on Monday. The price of spot gold increased 0.2% to $1,928.19 per ounce. American gold futures increased 0.2% to $1,949.30. Ahead…
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…
