Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concernsContinue Reading
Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for the first session in four onContinue Reading
Gold prices raced to a three-month high on Thursday after a forecast of smaller interest rate hikes by Federal Reserve Chair Jerome Powell sparked a rally in metal markets, while easing COVID-19 lockdowns in China saw copper prices surge to a two-week peak. The Fed chair said in an addressContinue Reading
Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bankContinue Reading
Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that interest rate hikes will end soon, while copper prices were also hit by uncertainty over China withdrawing its zero-COVID policy The Fed hiked interest rates by an as-expected 75 basisContinue Reading
Gold prices held recent gains on Wednesday as the dollar steadied before the conclusion of a Federal Reserve meeting, while copper prices were lifted by speculation over China potentially relaxing its strict zero-COVID policy Spot gold steadied around $1,648.23 an ounce, while gold futures rose 0.1% to $1,650.80 an ounce.Continue Reading
By Administrator_India Capital Sands Gold price today fell to Rs 47,960 per 10 gm from Rs 48,800. Silver price soared to Rs 69,800 per kg according to the Good Returns website. Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. InContinue Reading
By Administrator_India Capital Sands The beatings were so severe and seemingly endless that people thought they would never stop. But halt they have, and gold has risen meaningfully for the first time in over a month. Gold for February delivery on New York’s Comex settled Tuesday’s trade up $38, or 2.1%,Continue Reading
By Administrator_India Capital Sands Gold was down on Friday morning in Asia, with investors continuing to consolidate their gains from earlier in the week. The yellow metal hit a weekly high during the previous session, boosted by the U.S. Federal Reserve’s decision to keep interest rates low during itsContinue Reading
By Administrator_India Capital Sands Gold prices in Asia rose on Wednesday morning in Asia as stocks took a hit from the sharp drop in oil prices. Gold futures were up by 1.11% at $1,706.60 by 11:17 PM ET (4:17 GMT), as Asian stocks reported losses for a second day in response to oil futures tumbling in the previous session. The yellow metalContinue Reading