Near term gold prices likely to remain under pressure: Buy or wait?
1 year, 9 months ago

Near term gold prices likely to remain under pressure: Buy or wait?

Live Mint  

Gold prices have been under pressure as major global central banks tightened monetary policy. So in near term gold prices may remain under pressure but from last 6 months more than investors central banks remain major buyers in gold for diversification. Kunal Shah said “The reasons now gold is a strategic investment as rapid rise in balance sheet of central banks due to huge printing at the times of pandemic and now deleveraging of balance sheet brings central bank at uncharted territory as never ever in the history of financial market such monetary experiments has been done so nobody knows what will happen, coupled with Cold War like scenarios across the globe. We remain very bullish from two years horizon in gold and $2200 remains our target.” Colin Shah, MD, Kama Jewelry said “Gold prices have been under pressure due to the monetary policy tightening by major global central banks. Rajesh Rokde Vice Chairman - All India Gem and Jewellery Domestic Council said “As we know History shows near future,as per today's situation Gold still looks bullish and every deep in the Gold Rate is good opportunity to buy gold by mcx or by phiscal, one should also keep an close eye on Gold market as we are aproching march end.”

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History of this topic

Gold price today: Rates lacklustre ahead of US Fed policy decision; experts unveil strategy for MCX Gold
6 days, 14 hours ago

Gold price today: Rates lacklustre ahead of US Fed policy decision; experts unveil strategy for MCX Gold

Live Mint  

Gold price today: Gold rates traded lacklustre in the domestic futures market Wednesday morning ahead of the US Fed policy decision. Market focus is on the central bank's updated economic projections and the dot plot, which could shape expectations for the US Fed interest rate trajectory through 2025 and 2026. Manav Modi, a commodity research analyst at Motilal Oswal Financial …

WGC sees modest demand for gold in 2025, central bank demand crucial
1 week, 3 days ago

WGC sees modest demand for gold in 2025, central bank demand crucial

New Indian Express  

MUMBAI: After a sizzling growth both in terms of demand as well as in prices, which had crossed the USD 2750 mark this week, mostly led by huge demand from central banks and the safe-haven nature of the metal from an investor’s perspective in the years gone by, gold demand is seen moderating in 2025. According to the World Gold …

Gold, silver price today, December 13, 2024: Precious metals witness dip on MCX
1 week, 4 days ago

Gold, silver price today, December 13, 2024: Precious metals witness dip on MCX

India Today  

Both gold and silver prices recorded a dip on the Multi Commodity Exchange on Friday, December 13, 2024. Gold futures, maturing on February 5, 2024, stood at Rs 77,870 per 10 grams on the MCX, after recording a dip of Rs 99 or 0.13 per cent. GOLD, SILVER PRICES IN MAJOR CITIES CITY GOLD SILVER NEW DELHI Rs 7,245 Rs …

Gold rises for fifth day
1 week, 5 days ago

Gold rises for fifth day

Live Mint  

Dec 12 - Gold nudged higher for a fifth straight session on Thursday to hover near a more than two-week peak, supported by increased expectations of an interest rate cut from the Federal Reserve next week after U.S. inflation data came in line with forecast. * U.S. consumer prices increased by the most in seven months in November, but that …

Gold price today: Rates jump 1% ahead of US inflation data; experts reveal trading strategies, key levels for MCX Gold
1 week, 6 days ago

Gold price today: Rates jump 1% ahead of US inflation data; experts reveal trading strategies, key levels for MCX Gold

Live Mint  

Gold price today: Gold rates surged nearly 1 per cent in the domestic futures market during Wednesday's morning session as investors awaited November US inflation data to get cues on the US Federal Reserve's interest rate path. Gold prices in international markets hit a two-week high on Wednesday, ahead of the release of the US Consumer Price Index data later …

Gold prices subdued as traders brace for US payrolls data
2 weeks, 5 days ago

Gold prices subdued as traders brace for US payrolls data

Live Mint  

* U.S. payrolls report due on Friday * Powell says Fed can afford to be a little more cautious * Silver will struggle to move higher amid consolidating gold prices - ANZ By Rahul Paswan Dec 5 - Gold prices were subdued on Thursday as investors remained cautious ahead of U.S. payrolls data that could provide more insights into the …

Gold, silver price today, December 3, 2024: Precious metals record hike on MCX
3 weeks ago

Gold, silver price today, December 3, 2024: Precious metals record hike on MCX

India Today  

Both gold and silver prices recorded a hike on the Multi Commodity Exchange on Tuesday, December 3, 2024. Gold futures, maturing on February 5, 2024, stood at Rs 76,764 per 10 grams on the MCX, after recording a jump of Rs 77 or 0.10 per cent. GOLD, SILVER PRICES IN MAJOR CITIES CITY GOLD SILVER NEW DELHI Rs 7,145 Rs …

Gold price dips ₹2000 per 10 gm this month. Should you buy on escalating Russia-Ukraine war, wedding season in India?
3 weeks, 3 days ago

Gold price dips ₹2000 per 10 gm this month. Should you buy on escalating Russia-Ukraine war, wedding season in India?

Live Mint  

Gold rate today: After rising for three straight months, gold prices in India registered around 2.60 per cent dip in November 2024. However, commodity market experts believe that renewed tension in the Russia-Ukraine war, Israel-Hezbollah accusing each other of the ceasefire violation and wedding season in India are expected to fule gold prices. Escalation in the Russia-Ukraine War Highlighting the …

Gold is bouncing back. Is now the time to dig in for big returns?
4 weeks ago

Gold is bouncing back. Is now the time to dig in for big returns?

Live Mint  

The last few weeks have been a roller coaster ride for gold. Sure enough the upward momentum snapped and gold fell from its peak of $2,790 per ounce reached on 30 October 2024 to $2,537 on 14 November 2024. The recent dip in gold price to the $2,537 per ounce mark has not even tested the first 31.8% Fibonacci support …

Gold drops over 1% on profit-booking, Trump’s Treasury Secretary pick
Trending News
4 weeks, 1 day ago

Gold drops over 1% on profit-booking, Trump’s Treasury Secretary pick

Live Mint  

* Inflation surprise, hawkish US policy may prompt Dec. rate hold- analyst * Market sees 51% chance of 25 bps Fed rate cut in December * Fed’s Nov FOMC meeting minutes, GDP data, core PCE due this week By Daksh Grover Nov 25 - Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with …

Gold near 3-week high on softer US dollar, geopolitical concerns
Trending News
4 weeks, 1 day ago

Gold near 3-week high on softer US dollar, geopolitical concerns

Live Mint  

Nov 25 - Gold prices ticked higher on Monday, nearing a three-week high, supported by a weaker U.S. dollar and safe-haven demand amid rising geopolitical tensions, as investors awaited more data to gauge the U.S. Federal Reserve's policy outlook. * Data on Friday showed that U.S. consumer sentiment ticked up for a fourth straight month in November, led by a …

Gold price today: Rates move up on elevated geopolitical tensions; experts share strategy for MCX Gold
1 month ago

Gold price today: Rates move up on elevated geopolitical tensions; experts share strategy for MCX Gold

Live Mint  

Gold price today: Gold rates climbed in the domestic futures market Thursday morning, supported by positive global cues amid reports of escalating geopolitical tensions. In international markets, gold prices rose for the fourth consecutive session on Thursday, amid escalating tensions in the Russia-Ukraine conflict, while investors awaited remarks from Federal Reserve policymakers on the interest rate outlook. Experts say apart …

Goldman's bullish call: Why gold is set to outshine by 2025
1 month ago

Goldman's bullish call: Why gold is set to outshine by 2025

India Today  

Goldman Sachs analysts have predicted that gold prices could reach new highs in 2025, driven by central bank demand and expected cuts in US interest rates. As for whether prices will drop further, I feel that while we are seeing talk of a ‘Trump Slump’ and short-term headwinds, India’s deep cultural affinity for gold, mixed by its festive and wedding …

Is it a good time to buy gold? 3 things you should know
1 month ago

Is it a good time to buy gold? 3 things you should know

India Today  

Gold prices in India have been on the rise over the past few days, showing upward movement in the market. The rise in gold prices is attributed to a softer US dollar and increased investor interest in safe-haven assets amid geopolitical and economic concerns. FACTORS INFLUENCING GOLD PRICES Geopolitical tensions - Jateen Trivedi, VP Research Analyst at LKP Securities, said …

Gold price today: Rates jump almost 1% on positive global cues; experts share strategy for MCX Gold
1 month ago

Gold price today: Rates jump almost 1% on positive global cues; experts share strategy for MCX Gold

Live Mint  

Gold price today: Gold rates posted solid gains in the domestic futures market on Monday morning, supported by positive global cues and robust buying in the domestic spot market. According to a Reuters report, international spot gold prices rose about 0.4 per cent to $2,571.11 per ounce by 0041 GMT, after hitting a two-month low last week. Manav Modi, a …

Gold’s glitter fades: What’s behind the post-Trump slump?
1 month, 1 week ago

Gold’s glitter fades: What’s behind the post-Trump slump?

Firstpost  

Gold, long regarded as a safe-haven asset, has experienced a significant downturn following Donald Trump’s victory in the US presidential election. The LBMA benchmark price for gold plunged 8.4 per cent over a fortnight, marking its steepest two-week drop since the COVID-19 market crash in spring 2020, when gold lost 10.9 per cent in just 10 trading days. The dollar’s …

Gold, silver price today, November 12, 2024: Precious metals record hike on MCX
Trending News
1 month, 1 week ago

Gold, silver price today, November 12, 2024: Precious metals record hike on MCX

India Today  

Both gold and silver prices recorded a hike on the Multi Commodity Exchange on Tuesday, November 12, 2024. Gold futures, maturing on December 5, 2024, stood at Rs 75,420 per 10 grams on the MCX, after recording a jump of Rs 69 or 0.09 per cent. GOLD, SILVER PRICES IN MAJOR CITIES CITY GOLD SILVER NEW DELHI Rs 7,234 Rs …

Gold prices lack fresh triggers; what should be your near-term strategy for yellow metal?
1 month, 2 weeks ago

Gold prices lack fresh triggers; what should be your near-term strategy for yellow metal?

Live Mint  

With US election uncertainties behind us and the Fed cutting rates as anticipated, gold prices are experiencing profit-taking amid a lack of new catalysts. In international markets, gold recorded its sharpest weekly drop in over five months, pressured by a stronger dollar as investors evaluated Donald Trump’s victory and its potential impact on US policies and interest rate trends. Jateen …

Gold price today: Yellow metal declines after Fed cuts rates by 25 bps; experts share key levels for MCX Gold rate
1 month, 2 weeks ago

Gold price today: Yellow metal declines after Fed cuts rates by 25 bps; experts share key levels for MCX Gold rate

Live Mint  

Gold price today: Gold rates declined in the domestic futures market Friday morning on profit booking at higher levels after the US Fed cut rates by 25 bps on expected lines. Quick conclusion to a hotly contested presidential election also cleared a key point of uncertainty for global financial markets, triggering a risk-on rally across the board while pressuring safe-haven …

How low could gold go?
1 month, 2 weeks ago

How low could gold go?

Live Mint  

The age-old Dalal Street tale of Varmaji and Sharmaji is one many investors know well. Short-term pain, long-term gain In the near term, margin calls on riskier assets may trigger selling across markets, including bullion, creating opportunities for patient investors to buy from panicked sellers. The US Fed’s meeting on 7 November will be crucial; if no rate cuts are …

Gold Soars Higher, Outperforming Equities in Samvat 2081
1 month, 3 weeks ago

Gold Soars Higher, Outperforming Equities in Samvat 2081

Live Mint  

Gold outperforms equities with over 30% returns since last Dhanteras. The yellow metal has been one of the best-performing asset classes since last Diwali, with domestic prices delivering a substantial 32 per cent return compared to the S&P BSE Sensex's 25 per cent. Amid global economic and geopolitical tensions, gold’s performance has been remarkable, reinforcing its reputation as a safe-haven …

Gold Prices Soar, But Experts Say It's Still a Wise Investment for Dhanteras
1 month, 3 weeks ago

Gold Prices Soar, But Experts Say It's Still a Wise Investment for Dhanteras

Firstpost  

Despite soaring gold prices, experts recommend that people buy gold this Dhanteras. Despite the high prices, gold is seen as a safe investment during volatile times like these, amid the ongoing Israel war in Gaza and Hezbollah in Lebanon. The value of gold has also risen tremendously, with domestic gold prices surging more than 23 per cent in 2024 alone. …

Gold Prices Soar to New Heights, Fueled by Speculation and Central Bank Interventions
2 months ago

Gold Prices Soar to New Heights, Fueled by Speculation and Central Bank Interventions

China Daily  

Global spot gold prices continue to hit new highs, with prices reaching $2,740 per ounce. Experts predict possible fresh highs backed by US Federal Reserve interest rate cuts, geopolitical uncertainties and purchases from central banks. This trend is set to favor gold mining companies while presenting challenges for downstream retail sales.

After gaining 29% so far this year, gold may sizzle at Rs 8,000 per gram by December
2 months, 3 weeks ago

After gaining 29% so far this year, gold may sizzle at Rs 8,000 per gram by December

New Indian Express  

MUMBAI: Bullion prices continued to sizzle for the third day, on the back of the global rally that has gained an unprecedented speed since the US Fed cut the interest by 50 bps for the first time in four years. “We are revising up our 2024 gold price forecast from $2,250/oz to$2,375/oz, expecting gold prices to trade within the range …

Gold prices hit record high: Why is the cost of the yellow metal rising?
3 months, 1 week ago

Gold prices hit record high: Why is the cost of the yellow metal rising?

Firstpost  

Around 2:10 pm GMT, spot gold was trading at record levels, up 0.7 per cent at $2,576.48 per ounce. US gold futures rallied 1 per cent to $2,605.30 per ounce Gold prices zoomed on Friday around 2:10 pm GMT, hitting a record high. Interest rates, US elections behind gold rate rise Central banks the world over set benchmark lending rates …

Gold price today: Precious metal declines 2% from all-time high on profit booking; silver drops 3%
5 months ago

Gold price today: Precious metal declines 2% from all-time high on profit booking; silver drops 3%

Live Mint  

Gold prices dropped over 2% on Friday as the dollar strengthened and investors took profits following bullion's record high earlier in the week, driven by increasing expectations of U.S. interest rate cuts in September. “Gold made an impressive 3% surge during the week, breaking May's all-time highs. The U.S. dollar gained 0.1% against other currencies, and benchmark 10-year Treasury yields …

Gold price today: Yellow metal surges to new all-time high on Fed rate cut expectations; silver falls 1.2%
5 months, 1 week ago

Gold price today: Yellow metal surges to new all-time high on Fed rate cut expectations; silver falls 1.2%

Live Mint  

Gold prices continued to climb to a new all-time high on Wednesday, driven by increasing optimism for an interest rate cut by the U.S. Federal Reserve in September and a weaker dollar boosting demand. As of 1402 GMT, spot gold rose 0.5 per cent to $2,480.75 per ounce, after reaching an all-time high of $2,482.29 earlier in the session. "The …

Gold climbs 1% to two-week high on increased Fed rate cut expectations; silver rises 2%
6 months ago

Gold climbs 1% to two-week high on increased Fed rate cut expectations; silver rises 2%

Live Mint  

Gold prices surged over 1 per cent, reaching their highest level in two weeks, on T. This increase was fueled by recent U.S. economic data indicating a slowdown in the world's largest economy, which heightened expectations of interest rate cuts by the Federal Reserve later this year. Meanwhile, U.S. single-family homebuilding decreased by 5.2 per cent to a seasonally adjusted …

Gold maintains glitter as haven for investors
7 months, 1 week ago

Gold maintains glitter as haven for investors

China Daily  

A shopper tries on a gold bracelet at a jewelry store in Chongqing. The attractiveness of gold is expected to increase in the months to come, fueled by prudent domestic monetary policy and lower interest rates, which will further reduce the cost of investing in gold and prompt investors to seek other wealth storage options like precious metals, said Wang …

China influencing global gold prices with robust demand
7 months, 2 weeks ago

China influencing global gold prices with robust demand

Hindustan Times  

Amid geopolitical and economic uncertainties, gold has emerged as a favored investment, witnessing a significant price surge triggered by Russia's invasion of Ukraine and the conflict between Israel and Palestine. China's already substantial impact on gold markets has become even more pronounced during this recent bullish trend, marked by a nearly 50 per cent surge in global prices since late …

Gold prices: Precious metal rates stabilised, hovering around ₹72,000 per 10 gram; Is it right time to invest?
8 months ago

Gold prices: Precious metal rates stabilised, hovering around ₹72,000 per 10 gram; Is it right time to invest?

Live Mint  

Gold prices stabilized as concerns over tensions in the Middle East diminished, with investors gearing up for forthcoming U.S. economic data expected later in the week, on Wednesday. According to reports, in a span of only 10 days, gold prices have seen a significant decline of ₹2,900, now standing at ₹71,065 per 10 grams compared to the recent peak of …

Gold prices rise for sixth week on rising Iran-Israel war fears. US Fed rate, US dollar price in focus
8 months ago

Gold prices rise for sixth week on rising Iran-Israel war fears. US Fed rate, US dollar price in focus

Live Mint  

Gold rate today: Amid rising geo-political tension in the Middle East region on the rising fears of the Iran-Israel war, gold prices continue to scale high for the sixth week in a row. According to commodity market experts, the gold rate today is on an uptrend due to the rising geo-political risk in the Middle East after the alleged reports …

Gold prices jump after escalation in Iran-Israel tensions. Should you buy in this rally?
8 months ago

Gold prices jump after escalation in Iran-Israel tensions. Should you buy in this rally?

Live Mint  

Gold rate today: On account of rising geo-political tension in the Middle East region, gold prices witnessed buying interest during the early morning session on Friday. In the international market, spot gold price also showed upside movement and came close to $2,400 per troy ounce levels in early morning deals. The Middle East tension has risen after reports of Israel's …

Rush for gold spurs price to peak; related assets climb
8 months, 2 weeks ago

Rush for gold spurs price to peak; related assets climb

China Daily  

Consumers browse gold accessories at a store in Nanjing, Jiangsu province, in March. Wang Lixin, CEO of the World Gold Council, said market expectations of interest rate cuts by the US Federal Reserve have been among the key factors supporting the strong increase in gold prices. Wang said: "Generally, when the Fed enters a rate-cutting cycle, it inevitably leads to …

Gold rate today, 5th April 2024: Gold price dips 0.5%, silver price crashes over ₹1000/kg as US dollar rate rebounds
8 months, 2 weeks ago

Gold rate today, 5th April 2024: Gold price dips 0.5%, silver price crashes over ₹1000/kg as US dollar rate rebounds

Live Mint  

Gold rate today: After climbing to record highs on Thursday, gold and silver prices came under sell-off pressure as the US dollar bounced back in early morning deals on Friday. The MCX gold rate for June 2024 expiry opened lower at ₹69,297 per 10 gm, which is around 0.50 percent lower from Thursday's close price of ₹69,707 per 10 gm …

Gold rate today hits record high of $2,263 on US Fed rate cut buzz, geopolitical tension. Buy, sell or hold?
8 months, 3 weeks ago

Gold rate today hits record high of $2,263 on US Fed rate cut buzz, geopolitical tension. Buy, sell or hold?

Live Mint  

Gold rate today: On account of the fresh escalation of the geopolitical tension in central Asia and the dovish US Fed on interest rates, gold price today climbed to a new lifetime high of $2,263.53 per ounce in the international market. Spot gold price today opened flat at around $2,233 per ounce level but soon gathered upside momentum and touched …

Gold prices rocket to a new high after US Fed rate decision: Is it a good time to buy?
9 months ago

Gold prices rocket to a new high after US Fed rate decision: Is it a good time to buy?

Hindustan Times  

Gold prices on March 21: Following US Federal Reserve meeting which voted to keep interest rates at a 23-year high for a fifth consecutive meeting and signaled that it still expects to make three cuts this year, gold price extended its rally. Gold futures contract on the Multi Commodity Exchange for the April 2024 expiry opened higher at ₹66,100 per …

Explained: Why are gold prices rising across the globe? What to expect in March
9 months, 2 weeks ago

Explained: Why are gold prices rising across the globe? What to expect in March

Hindustan Times  

Gold prices are on the rise across the globe, with the yellow metal recently hitting its peak in India at ₹65,298 per 10 grams on the MCX. Gold prices are on a rise across the globe The anticipation linked to the US Federal Reserve rate cut has made a significant impact on both domestic and international markets, adding to the …

Gold rate today under pressure as US dollar index hits 2-month high
9 months, 4 weeks ago

Gold rate today under pressure as US dollar index hits 2-month high

Live Mint  

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. According to commodity market experts, the gold rate today is under pressure as the US dollar index has climbed …

Global Gold Demand Slips 5% In 2023, China Leads With 17% Demand For Jewellery After Pandemic: WGC
10 months, 3 weeks ago

Global Gold Demand Slips 5% In 2023, China Leads With 17% Demand For Jewellery After Pandemic: WGC

ABP News  

Global gold demand reduced by 5 per cent in 2023, against the preceding year, owing to continuing Exchange-Traded Fund outflows, the World Gold Council revealed in its report. The report titled, ‘WGC’s Gold Demand Trends 2023’, found that global gold demand stood at 4,448.4 tonne in 2023, against 4,699 tonne in 2022. The report found that the global jewellery market …

Gold lags Nifty 50 in last 6 months; what’s the future outlook for bullion?
11 months, 1 week ago

Gold lags Nifty 50 in last 6 months; what’s the future outlook for bullion?

Live Mint  

Gold rates have seen tepid growth in the last few months while the equity market sentiment has been bullish on falling bond yields, healthy economic growth and easing inflation. Over the past six months, domestic spot gold prices have witnessed a modest uptick of approximately 6 per cent, underperforming the equity benchmark Nifty 50 which has exhibited a more robust …

Elections in major economies to support gold's performance: WGC
1 year ago

Elections in major economies to support gold's performance: WGC

Deccan Chronicle  

Chennai: Heightened geopolitical tensions in key elections in many major economies, combined with continued central bank buying could provide additional support for gold in 2024, finds the World Gold Council. The Fed’s policy can determine the gold’s performance from a muted one to a 10 per cent gain. And in a year with major elections taking place globally, including in …

Will gold continue to shine? Depends on what India does this festive season
1 year, 1 month ago

Will gold continue to shine? Depends on what India does this festive season

Firstpost  

Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council said on Tuesday Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold …

Gold prices decline on higher US dollar and bond yields
1 year, 2 months ago

Gold prices decline on higher US dollar and bond yields

Live Mint  

Gold prices declined on Tuesday, weighed down by higher US dollar and bond yields. In the past two weeks, gold has risen about 9%, hitting five month high of $1,997.09 on October 20, on escalating conflict between Israel and Hamas in the Middle East region. The US dollar rose 0.3% against its rivals, making gold more expensive for other currency …

Gold, silver rate today under pressure as US dollar continues to gain strength
1 year, 2 months ago

Gold, silver rate today under pressure as US dollar continues to gain strength

Live Mint  

Gold rate today: On account of US dollar gaining strength against major global currencies, gold price today remained under the sell off heat during early morning deals on Wednesday. Prices are expected to trade with a negative bias as long as the ₹57,500 level is intact on the upside.” Major levels to look at Anuj Gupta of HDFC Securities said …

Gold prices remain volatile after US Fed rate hike, US GDP data. Buy or wait?
1 year, 4 months ago

Gold prices remain volatile after US Fed rate hike, US GDP data. Buy or wait?

Live Mint  

Gold prices continue to remain volatile after 25 bps US Fed rate hike and better than expected US GDP data and US jobless claim data. Triggers that dictated gold prices last week Speaking on the reason highly volatile bullion market, Sugandha Sachdeva, Executive Director & Chief Strategist at Acme Investment Advisors said, "Gold prices remained highly volatile during an eventful …

Gold Prices Rise as Cooling US Inflation Raises Hopes of Fed Rate Hike Pause
1 year, 5 months ago

Gold Prices Rise as Cooling US Inflation Raises Hopes of Fed Rate Hike Pause

News 18  

Gold prices jumped more than 1% on Wednesday after signs of cooling inflation in the United States boosted hopes that the Federal Reserve could hit the brakes on its rate hike cycle sooner than previously thought. “Gold gapped $10 higher on the softer-than-expected CPI print on hopes that a July hike might be the last one of the cycle,” said …

Gold Remains Firm Amid Lower Treasury Yields and Dollar Strength
1 year, 6 months ago

Gold Remains Firm Amid Lower Treasury Yields and Dollar Strength

News 18  

Gold firmed on Wednesday supported by lower Treasury yields but the dollar’s strength, with more interest rate hikes in the offing and optimism about a U.S. debt deal kept bullion on course for its first monthly dip in three. Spot gold was up 0.4% at $1,967.29 per ounce by 1209 EDT on weaker-than-expected Chicago purchasing managers’ index data, before paring …

Gold is going to be record costly and de-dollarisation is the reason
1 year, 7 months ago

Gold is going to be record costly and de-dollarisation is the reason

Firstpost  

The greenback is losing favour with a whole bunch of nations that are the better growing economies of the world given the duress that the Russian invasion of Ukraine has put the global economic order under. Global central banks are making a run for gold, the demand for which reached record high in 2022. According to reports, in 2022, central …

Gold price today: Rates inch up in early trade; what should be your strategy?
1 year, 7 months ago

Gold price today: Rates inch up in early trade; what should be your strategy?

Live Mint  

Gold prices traded with nominal gains in the early trade in the domestic futures market on Wednesday tracking weak global cues as market sentiment remained fragile due to the US debt ceiling crisis. Analysts believe gold prices may remain volatile for the day but there may not be a sharp downside amid debt ceiling uncertainty. Manoj Kumar Jain of Prithvifinmart …

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