Gold prices edge higher with focus on Fed’s policy decision
1 week ago

Gold prices edge higher with focus on Fed’s policy decision

Live Mint  

* Attention on U.S. Fed's dot plot * Chile's central bank extends its easing cycle * U.S. GDP and inflation data due later this week By Rahul Paswan Dec 18 - Gold prices edged higher on Wednesday as attention turned to the Federal Reserve's upcoming monetary policy decision, with the U.S. central bank anticipated to implement a third rate cut this year and provide insights into its plans for 2025. The U.S. Fed began its two-day policy meeting on Tuesday, with focus on the central bank's updated economic projections and the dot plot, which could alter expectations for the rate trajectory through 2025 and 2026. U.S. retail sales increased more than expected in November, adding to warmer inflation readings in recent months and suggesting that the central bank could pause rate reduction in January. Chile's central bank cut its benchmark interest rate by 25 basis points to 5.00% on Tuesday, extending an easing cycle that began last year.

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Wall Street today: US stocks edge higher in truncated session, Broadcom up 1.3%, Nvidia adds 1.2%
Trending News
15 hours, 18 minutes ago

Wall Street today: US stocks edge higher in truncated session, Broadcom up 1.3%, Nvidia adds 1.2%

Live Mint  

US stock indices edged higher on Tuesday in a truncated trading session ahead of Christmas, led by gains in Big Tech shares. At 09:42 am the Dow Jones Industrial Average rose 32.38 points, or 0.08 per cent, to 42,939.33, the S&P 500 gained 21.68 points, or 0.36 per cent, to 5,995.75, and the Nasdaq Composite gained 116.55 points, or 0.59 …

Gold rises in holiday-truncated week; Fed’s 2025 outlook weighs
1 day, 3 hours ago

Gold rises in holiday-truncated week; Fed’s 2025 outlook weighs

Live Mint  

By Rahul Paswan - Gold prices edged higher on Tuesday, as investors braced for a less aggressive path of interest rate cuts from the Federal Reserve next year, in a holiday-truncated trading week. While a benign U.S. inflation reading on Friday eased some concerns about the pace of cuts next year, markets are still pricing in just about 35 basis …

Gold extends gains after US inflation data eases rate cut worries
Trending News
1 day, 22 hours ago

Gold extends gains after US inflation data eases rate cut worries

Live Mint  

* Fed policymakers say easing will resume in 2025 but after pause * Trump's initial decrees could be bullish for gold, says analyst * Gold speculators cut net long position By Rahul Paswan Dec 23 - Gold extended gains on Monday after a softer-than-expected U.S. inflation reading revived hopes for further monetary policy easing by the Federal Reserve in the …

Gold bounces back from Fed-induced slump to one-month low
6 days ago

Gold bounces back from Fed-induced slump to one-month low

Live Mint  

* Fed projects fewer rate cuts in 2025 * Gold hits lowest since Nov. 18 earlier in the session * Investors await US PCE data due on Friday By Rahul Paswan Dec 18 - Gold prices erased losses to gain on Thursday, after dipping to the lowest level in a month earlier in the day on the Federal Reserve's hint …

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

Gold rate today: Yellow metal trades flat ahead of US Fed meeting. US dollar in focus
1 week, 1 day ago

Gold rate today: Yellow metal trades flat ahead of US Fed meeting. US dollar in focus

Live Mint  

Gold rate today: Before the beginning of the US Fed meeting, gold prices opened flat on Tuesday. US Fed meeting Expecting the gold prices to remain sideways ahead of the US Fed meeting outcome, Anuj Gupta, Head — Commodity & Currency at HDFC Securities, said, “Gold prices are expected to follow US dollar prices as the outcome of US Fed …

Gold steady as traders await central banks' rate decisions
1 week, 1 day ago

Gold steady as traders await central banks' rate decisions

Hindustan Times  

Gold was steady as traders remained cautious ahead of interest-rate decisions by major central banks, including the Federal Reserve. Ahead of the Federal Reserve and other major central banks' interest-rate announcements, gold prices stayed stable as traders exercised caution. Activity at US service providers is expanding at the fastest pace since October 2021, while a measure of New York state …

Gold price today: Rates slip as focus shifts to US Fed policy decision; experts highlight key levels for MCX Gold
1 week, 2 days ago

Gold price today: Rates slip as focus shifts to US Fed policy decision; experts highlight key levels for MCX Gold

Live Mint  

Gold price today: Gold rates were lacklustre in the domestic futures market Monday morning as investors restricted their bets ahead of the US Fed interest rate decision, due this week. Domestic gold prices slipped even as the yellow metal saw an uptick in international markets amid expectations of a 25 bps rate cut by the US Fed on Wednesday, December …

MCX gold rate today ₹2,645 away from life-time high. US Fed rate cut in focus
1 week, 4 days ago

MCX gold rate today ₹2,645 away from life-time high. US Fed rate cut in focus

Live Mint  

Gold rate today: After climbing to the five-week high, gold price slipped on Friday after the profit-booking trigger. According to commodity market experts, the MCX gold rate tested a weekly high of ₹79,120 per 10 gm, whereas spot gold prices touched a weekly high of $2,775 per ounce. Pointing towards the safe-haven demand, Prithviraj Kothari, Director at IBJA, said, "Gold …

Gold, silver price today, December 13, 2024: Precious metals witness dip on MCX
1 week, 5 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 eases on profit-taking after scaling over one-month peak
1 week, 6 days ago

Gold eases on profit-taking after scaling over one-month peak

Live Mint  

* Gold hits highest since Nov. 6 * Current scenario remains supportive for gold - analyst * US PPI data due at 1330 GMT * Market sees 98% chance of 25-bp Fed rate cut next week By Rahul Paswan Dec 11 - Gold slipped on Thursday as investors booked profits after prices hit a more than one-month high on increased …

Gold price today: Rates decline on profit booking as US inflation rises in Nov; experts unveil strategy for MCX Gold
1 week, 6 days ago

Gold price today: Rates decline on profit booking as US inflation rises in Nov; experts unveil strategy for MCX Gold

Live Mint  

Gold price today: Gold rates declined in the domestic futures market Thursday morning despite positive global cues after the US inflation data came broadly on expected lines, raising hopes for a 25 bps rate cut by the US Federal Reserve next week on December 18. Experts believe the US central bank will still go for a 25 bps rate cut …

Gold rises for fifth day
1 week, 6 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
2 weeks 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 price today: Rates climb but rising dollar caps gains; US jobs data in focus; experts unveil strategy for MCX Gold
3 weeks, 1 day ago

Gold price today: Rates climb but rising dollar caps gains; US jobs data in focus; experts unveil strategy for MCX Gold

Live Mint  

Gold price today: Gold rates climbed in the domestic futures market on Tuesday morning as fresh geopolitical developments underpinned the yellow metal. Reuters reported that the “fresh Israeli strikes came shortly after Hezbollah accused Israel of violating a ceasefire agreement and fired missiles on an Israeli military position in the disputed Shebaa Farms area.” Gold prices tend to gain during …

Gold, silver price today, December 3, 2024: Precious metals record hike on MCX
3 weeks, 1 day 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 drops over 1% on profit-booking, Trump’s Treasury Secretary pick
Trending News
1 month 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
1 month 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, silver price today, November 22, 2024: Precious metals record hike on MCX
1 month ago

Gold, silver price today, November 22, 2024: Precious metals record hike on MCX

India Today  

Both gold and silver prices recorded a hike on the Multi Commodity Exchange on Friday, November 22, 2024. Gold futures, maturing on December 5, 2024, stood at Rs 77,105 per 10 grams on the MCX, after recording a jump of Rs 412 or 0.54 per cent. GOLD, SILVER PRICES IN MAJOR CITIES CITY GOLD SILVER NEW DELHI Rs 7,240 Rs …

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 …

Gold price today: Rates jump almost 1% on positive global cues; experts share strategy for MCX Gold
1 month, 1 week 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, silver price today, November 18, 2024: Precious metals record hike on MCX
1 month, 1 week ago

Gold, silver price today, November 18, 2024: Precious metals record hike on MCX

India Today  

Both gold and silver prices recorded a hike on the Multi Commodity Exchange on Monday, November 18, 2024. Gold futures, maturing on December 5, 2024, stood at Rs 74,640 per 10 grams on the MCX, after recording a jump of Rs 694 or 0.94 per cent. GOLD, SILVER PRICES IN MAJOR CITIES CITY GOLD SILVER NEW DELHI Rs 7,010 Rs …

Gold Prices Today: Yellow metal set for biggest weekly drop in 3 years after Powell urges caution on rate cuts
1 month, 1 week ago

Gold Prices Today: Yellow metal set for biggest weekly drop in 3 years after Powell urges caution on rate cuts

Live Mint  

Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors. Spot gold rose 0.2% to $2,571.99 per ounce as of 10:00 a.m. Prices have fallen more than 4% so far this week, …

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 drops over 2% as dollar strengthens; investors await Fed policy cues
1 month, 1 week ago

Gold drops over 2% as dollar strengthens; investors await Fed policy cues

Live Mint  

By Sherin Elizabeth Varghese - Gold prices slipped more than 2% on Monday, weighed down by the greenback's continued rise and the broader implications of Donald Trump's victory on fiscal policy and interest rate cuts. Stronger dollar is weighing on gold prices for the first time in months because it's also associated with increasing odds that the Federal Reserve might …

Gold Prices Today: Yellow metal to log worst week in five months after Trump’s win weighs on US Fed rate outlook
1 month, 2 weeks ago

Gold Prices Today: Yellow metal to log worst week in five months after Trump’s win weighs on US Fed rate outlook

Live Mint  

Gold Prices Today: The yellow metal dropped on Friday, November 8, but was poised to log its steepest weekly decline in over five months. A stronger US dollar pressured gold prices, and the stock market absorbed the implications of Donald Trump's recent victory in the US elections in 2024 and its potential impact on US Federal Reserve interest rate expectations. …

Bullion market not excited about rate cut; to stay subdued for a while
1 month, 2 weeks ago

Bullion market not excited about rate cut; to stay subdued for a while

Deccan Chronicle  

Chennai: The US Federal Reserve’s rate cut did not excite the bullion market, which has seen a sharp correction since the dollar gained strength on Donald Trump’s return as the US President. Gold, which was trading at Rs 79,775 per 10 gm as on Oct 30, has come down to Rs 76,300 and silver prices, which were above Rs one …

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 …

Gold Soars to New Record Highs, While Dollar's Rise Dampens Its Influence
2 months ago

Gold Soars to New Record Highs, While Dollar's Rise Dampens Its Influence

Live Mint  

Gold prices soar to record highs, defying the trend of a rising dollar. Spot gold reaches $2,755.30 per ounce, while gold futures rise by 0.3%. The Federal Reserve's upcoming interest rate decisions will likely influence the price of gold, with a 92% probability of a 25-basis-point rate cut in November and another 25-bps cut by the end of the year.

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed
Trending News
2 months ago

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed

Live Mint  

The US dollar has been on a strong upward trajectory in recent weeks, driven by positive economic data and expectations of a Fed pause in interest rate cuts. The greenback has reached a 2-1/2-month high, with the market pricing in an 89.6% chance for a 25 basis point cut at the Fed's upcoming meeting. However, the dollar's rise is also …

Gold Prices Continue to Surge as Divergence Between Jewelry and Coins/Bars Remains
2 months, 3 weeks ago

Gold Prices Continue to Surge as Divergence Between Jewelry and Coins/Bars Remains

China Daily  

Gold prices continue to surge, with the contrast between gold jewelry and coins/bars consumption highlighting the shift towards investment-oriented products. The upward trajectory is expected to continue, benefiting upstream gold mining firms. However, the impact on downstream retail sales is uncertain, requiring companies to innovate products with smaller weight increments and new features to attract consumers.

Gold Prices Soar, But Retail Prices Remain Stable
2 months, 3 weeks ago

Gold Prices Soar, But Retail Prices Remain Stable

China Daily  

Gold prices continue to surge, with consumer demand for investment-oriented products driving up prices. The contrast between gold jewelry and coins/bars consumption is stark, with a focus on investment-oriented products. Factors such as geopolitical tensions, US Federal Reserve rate cuts, and global central banks' increase of gold reserves are influencing gold prices, with predictions of continued price rises. This trend …

After gaining 29% so far this year, gold may sizzle at Rs 8,000 per gram by December
2 months, 4 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 …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

Fed cuts interest rates: Indian stocks, rupee, and gold prices likely to benefit on September 19
3 months ago

Fed cuts interest rates: Indian stocks, rupee, and gold prices likely to benefit on September 19

Firstpost  

The stock market, Indian rupee, and gold price are all likely to do better following the much-anticipated rate cut by the Fed in the US. In a much-anticipated move that was widely in line with market expectations, the Fed cut the interest rates in the country by 0.5 per cent, bringing it in the range of 4.75-5 per cent. Here’s …

Why rate cuts by the U.S. Federal Reserve matter to world markets
3 months, 1 week ago

Why rate cuts by the U.S. Federal Reserve matter to world markets

The Hindu  

When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. Here’s a look at what is in focus for world markets: Follow the leader In spring, as U.S. inflation proved stickier than expected, investors questioned how far others such as the European Central Bank …

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 Rate Today: Yellow Metal Hits Record High As Dollar Weakens Amid Interest Rate Cut Expectations
3 months, 1 week ago

Gold Rate Today: Yellow Metal Hits Record High As Dollar Weakens Amid Interest Rate Cut Expectations

ABP News  

Gold Rate Today: Gold prices surged to an all-time high on Friday, driven by a weakening U.S. dollar and anticipation of a Federal Reserve interest rate cut next week, as reported by Reuters. Spot gold climbed 0.2 per cent to $2,565 per ounce by 0258 GMT, after reaching a record-breaking $2,567.93 earlier in the session. He noted that the potential …

Gold rate today: Yellow metal price flat ahead of US inflation data; experts reveal strategy for MCX Gold
3 months, 2 weeks ago

Gold rate today: Yellow metal price flat ahead of US inflation data; experts reveal strategy for MCX Gold

Live Mint  

Gold rate today: Gold prices traded flat with negative bias in early trade in the domestic futures market on Tuesday, September 10, mirroring lacklustre global sentiment. Experts' strategy for MCX Gold today Gold prices are expected to remain volatile ahead of the US inflation data. Manoj Kumar Jain of Prithvifinmart Commodity Research expects gold and silver prices to remain volatile …

Gold price retraces from record high. US job data, Jerome Powell’s Jackson Hole speech in focus
4 months ago

Gold price retraces from record high. US job data, Jerome Powell’s Jackson Hole speech in focus

Live Mint  

Gold rate today: Ahead of the US unemployment data and US Fed Chairman Jerome Powell's Jackson Hole speech, gold price was retraced from the lifetime high of $2,531.60 per ounce this week. Spot gold price today fell around 0.50 per cent and came close to $2,500 per ounce, whereas COMEX gold price eased 0.40 per cent and touched the 2,537 …

Gold Steady Near Record High as Investors Seek More Fed Cues
4 months ago

Gold Steady Near Record High as Investors Seek More Fed Cues

News 18  

Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for indications on how much the central bank will cut rates this year. “Gold prices have been largely steady in the Asian session, seemingly catching a breather as buyers seek to defend its new record high,” said IG market …

Gold price today: US Fed rate cut buzz fuels MCX gold rate at four-week high, silver rate today at three-week high
4 months ago

Gold price today: US Fed rate cut buzz fuels MCX gold rate at four-week high, silver rate today at three-week high

Live Mint  

Gold rate today: Following the US Fed rate cut buzz ahead of Jerome Powell's speech at the Jackson Hole Symposium, gold price extended its uptrend for another Monday session. On the Multi Commodity Exchange, the gold rate today opened with an upside gap at ₹71,458 per 10 gm and touched an intraday high of ₹71,644 within a few minutes of …

Pound hits $1.30 for first time in a year after inflation dents interest rate cut hopes
5 months, 1 week ago

Pound hits $1.30 for first time in a year after inflation dents interest rate cut hopes

Daily Mail  

The pound climbed above $1.30 yesterday for the first time in a year after higher-than-expected inflation figures dented hopes of interest rate cuts. Soaring soars: The pound climbed above $1.30 yesterday for the first time in a year and and topped €1.19 versus the euro, its strongest for nearly two years In Britain, official figures showed inflation held firm at …

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 rate today trades flat after weak US retail sales data. US Fed rate cut in focus
6 months ago

Gold rate today trades flat after weak US retail sales data. US Fed rate cut in focus

Live Mint  

Gold rate today is trading flat despite the US Fed rate cut buzz on disappointing US retail sales data. According to commodity market experts, gold prices today are trading flat as the market has already discounted the disappointing US retail sales data. US Fed rate cut buzz "Gold prices today are trading flat as the market has already discounted the …

Why is gold price falling today after US Fed meeting outcome? Explained
6 months, 1 week ago

Why is gold price falling today after US Fed meeting outcome? Explained

Hindustan Times  

Gold price witnessed a sharp fall today following cues from a hawkish stance of the US Fed on interest rate. In the international market, spot gold price were around $2,315 per ounce whereas the Comex gold price are near $2,330 per troy-ounce mark. Anuj Gupta, the Head of Commodity & Currency at HDFC Securities, said as per Mint, "The drop …

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