Yesterday, rising U.S. Treasury yields and a stronger currency put pressure on gold, which finished the day down -0.14% at 715554. According to data from the World Gold Council, central banks purchased a net 10 tonnes of gold in May, a substantial decrease from the 56% increase in April and well below the 42 tonnes…
Silver rates fell by 0.32% on Thursday, while gold prices just slightly declined. Gold October futures were selling at Rs 59,460 per 10 grams on the Multi Commodity Exchange, down Rs 18 or 0.03%. On the MCX, silver December futures were trading at Rs 76,037 per kilogram, down Rs 243. Although inflation figures anticipated later…
Yesterday, crude oil fell -1.58% to settle at 6235 as concerns about a potential recession in the world’s largest economy were stoked by disappointing U.S. data. Signs of strengthening short-term consumption growth are being countered by pressure witnessed amid ongoing economic concerns and anticipation of more interest rate hikes that could restrain fuel demand growth….
