Gold glitters on softer US PPI, geopolitical risks add to yellow metal’s shine

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 price continues to glitter in FY24; outlook bullish for next fiscal year

Gold prices in India maintained its shine during the financial year 2023-2024 driven by escalating geopolitical crises worldwide. Volatility in the yellow metal prices also remained high led by slowing growth in advanced economies and monetary tightening by global central banks amid high inflation. Gold has historically been viewed asRead More →

Gold Prices Today: Yellow metal extends gains ahead of PCE data, silver up 0.6%

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 →