Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year. Spot gold saw a 0.5 per cent decrease, reaching $2,332.97Read More →
Gold surged past the $2,400 per ounce mark, hitting an unprecedented peak on Friday, marking its fourth consecutive week of gains. Escalating tensions in the Middle East spurred investors to flock to safe-haven assets. At 10:56 a.m. ET (1456 GMT), spot gold soared by 2.2 per cent to $2,424.32 perRead More →
Gold prices traded higher on Thursday, April 11, after softer-than-expected US producer prices data boosted hopes for US interest rate cuts this year, while persistent geopolitical concerns added to the yellow metal’s shine. Spot gold rose 0.3 per cent to $2,340.69 per ounce. Bullion prices had hit an all-time highRead More →
Gold and silver rates today: Despite the rise in the US dollar rates, gold and silver prices continue flirting with record highs throughout the week on US Fed rate cut buzz. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry climbed to a new peak ofRead More →
Gold prices surged to achieve a fresh all-time high on Friday, propelled by various factors such as expectations of a U.S. interest rate cut, speculative purchasing, and central bank acquisitions, sustaining the ongoing upward momentum of bullion despite robust job growth in the United States during March. As of 10:57Read More →
In March, U.S. employers exceeded expectations by hiring a significant number of workers while maintaining a steady pace of wage increases. These positive indicators suggest that the economy concluded the first quarter on a stable footing, possibly postponing the anticipated interest rate cuts by the Federal Reserve. At 11:39 a.m.Read More →
At 10:04 am EDT, spot gold was down 0.3 per cent at $2,291.88 per ounce, after hitting a record high of $2,304.09 earlier in the day. US gold futures declined 0.3 per cent to $2,308.30. Spot silver fell 1.2 per cent to $26.88 per ounce after hitting its highest sinceRead More →
According to commodity market experts, the gold price rally may continue in FY25 as the US Fed is expected to declare three interest rate cuts in 2024. So, there would be three US Fed rate cuts in the first nine months or say first three quarters of FY 2024-25. TheyRead More →
Gold prices in India continued to sparkle throughout the fiscal year 2023-2024, propelled by escalating geopolitical tensions globally. The yellow metal exhibited significant volatility, primarily influenced by decelerating growth in advanced economies and the monetary tightening policies pursued by global central banks in response to elevated inflation levels. During FY24,Read More →
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve’s policy path after the central bank kept interest rates unchanged for the fifth straight meeting this month. According to commodity market experts, goldRead More →
