The price of silver rose yesterday by 0.3% to settle at 75472, as the demand for silver climbed by 18% last year to a record high of 1.24 billion ounces, creating a huge supply gap and raising concerns about more shortages in the years to come. The institute’s most recent World Silver Survey indicates that…
The commodities market experienced positive momentum the whole week, with the exception of gold, with most commodities posting weekly gains ranging from 1.5% to 3.0%. Due to traders locking in their profits during the recent advance, gold prices gave up all of their weekly gains and ended up slightly lower last week. As traders monitored…
Following additional indications that U.S. inflation was slowing, gold prices increased for a fourth straight session on Friday. Demand for the yellow metal as a safe haven was also supported by ongoing concerns about a 2023 recession. A day after data revealed that consumer price inflation also decreased, information released on Thursday revealed that the…
Gold prices were unchanged on Friday, maintaining their proximity to the important $2,000 mark following wild swings this week, but safe-haven demand in the face of a potential banking crisis has left the yellow metal on track for a significant increase this quarter. Prior to staging a rebound on Thursday, when higher-than-expected U.S. jobless claims…
The world’s second-largest consumer of crude oil, China, saw an increase in manufacturing activity on Friday morning, which helped lift confidence. At the same time, fears over Middle Eastern supply also increased. Brent futures, up almost 6% this week, were up 15 cents, or 0.19%, at $79.42 per barrel. After increasing by approximately 8% this…
On Wednesday, gold prices fell as investors gradually retreated into riskier investments, hoping that the risk of the global banking crisis spreading had been temporarily contained. At $1,965.89 per ounce, spot gold was trading 0.4 percent lower. U.S. gold futures decreased 0.3 percent to $1,967.50. According to independent analyst Ross Norman, gold has dropped as…
After three sessions of gains, oil prices declined on Thursday when U.S. Federal Reserve Chair Jerome Powell reiterated his commitment to containing inflation, including the likelihood of additional interest rate increases. U.S. West Texas Intermediate crude (WTI) dropped 84 cents, or 1.2%, to $70.06 while Brent crude futures dropped 80 cents, or 1%, to $75.89…
Current gold prices, future gold prices, and gold price forecasts: Despite encouraging global signals for the metal, the gold rate is slightly down on Wednesday, while the silver rate is up 0.25%. Gold April futures were trading at Rs 58,540 per 10 kilos on Multi Commodities Exchange, down Rs 39 or 0.07%. Silver May futures…
Despite the metal’s bearish worldwide indications, the local gold rate is marginally in the green on Monday, while the domestic silver rate is down 0.24%. Gold April futures were up Rs 23 or 0.04% on the Multi Commodities Exchange, trading at Rs 59,406 per 10 kilos. At Rs 68,336 per kg on the MCX, silver…
Ravindra V Rao, VP-Head Commodity Research at Kotak Securities, said Investors were paralyzed by fear this week as the banking crisis moved from the U.S. to Europe, raising concerns about contagion in the international financial markets. The U.S. regulators announced plans to reduce systemic risk at the beginning of the week in a joint statement…
