Last week gold witnessed a series of whipsaws as traders are being dependent on US data releases. Gold swung into action in the range of 1900-1950 $. Gold was little changed on Monday as investors awaited U.S. inflation data that could influence the Federal Reserve’s policy stance, The Labor Department’s employment report on Friday showed …
The week opened on a slightly negative band for gold as prices fell on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting. Last week gold was supported by soft labor data. This pushed gold …
The average price of gold in Mumbai during FY 2022 was around Rs. 48000 let 10 grams which soared to around Rs. 55000 by the end of the year. Currently, gold prices are hovering around Rs. 63000 per 10 gm. Gold was seen touching new life highs due to the kn going geopolitical uncertainties. In …
Last week gold ended with a nearly 0.35% gain at $1,989.65, failing to close above $2,000 throughout the week. Concerns about rising inflation continued after 1Q A core PCE QoQ and 1QA GDP Price Index came in higher than expected. According to the Bullion King of India, “These damp sentiments continued as the week opened. …