As the dollar and U.S. bond yields fell on Wednesday, gold prices increased to a two-week high on speculation that the Federal Reserve might tone down its hawkish policy of rate hikes from December. After reaching its highest level since October 13, spot gold increased by 1% to $1,669.22 per ounce. At $1,673.80, U.S. gold…
As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
On Wednesday, gold prices inched down on worldwide markets as investors anticipated U.S. Federal Reserve minutes and significant inflation data for cues on the timing of future interest rate hikes. spot gold was trading at $1,663.60 per ounce, down 0.1 percent from its one-week low set on Tuesday. At $1,673.30, U.S. gold futures were down…
Gold prices ticked lower on Monday in the international markets having shed nearly 1 percent in the previous session, as strong U.S. jobs data cemented the view that the Federal Reserve would continue its policy of aggressive interest rate hikes. U.S. gold futures were down 0.4 percent at $1,703.4 while spot gold was down 0.1…
Gold rate and silver rate were trading higher in India on Thursday, on the back of positive global cues. Gold December futures were trading at Rs 51,915 per 10 grams on the Multi Commodity Exchange, up Rs 269 or 0.5% from the previous close of Rs 51,646. On the MCX, silver December futures were trading…
Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using other currencies and concerns over the faltering economic outlook clouding market sentiment. Brent oil prices were down 41 cents, or 0.5%, to $88.91 per barrel, while U.S. futures were down…
Gold and silver rate were trading weak on Wednesday, on the back of the strong U.S. Dollar. Gold October futures were down Rs 99, or 0.2%, to Rs 49,220 per 10 grams on the Multi Commodity Exchange. Silver December futures were trading at Rs 54,798 a kg, down Rs 581 or 1.05 percent. According to…
Gold prices rise slightly from two-year lows on Tuesday as a rally in the dollar paused, while a recovery in copper was cut short by data showing more weakness in Chinese industrial activity. Gold futures were unchanged at $1,637.25 per ounce, while spot gold increased 0.5% to $1,629.96. Due to what looked to be a…
Oil prices continued to decline on Thursday after the U.S. Federal Reserve adopted a more pessimistic stance than anticipated, heightening concerns that rising interest rates and inflation may have an adverse effect on crude demand in the months to come. Following the Fed’s anticipated 75 basis point interest rate increase on Wednesday, crude prices fell…
The rupee lost 8 paise to open at 79.82 against the U.S. dollar on Wednesday as traders awaited the U.S. Federal Reserve’s interest rate announcement for additional indications. The local currency, according to forex traders, suffered from the strength of the American dollar in international trade and a flat domestic equity market. Furthermore, the local…
