A week loaded with economic data

Gold prices soared to record highs, with spot gold reaching a new peak of $2,4450.00 per ounce on Monday last week. Silver also hit its highest levels in several years earlier last week. However, Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data […]

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Wave like movements for gold

After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. Spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session but has since shown signs of life.

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Glitters sends Jitters

Over the past two consecutive months, gold prices exhibited gains, culminating in a record-high of $2,137 in December. However, the intense sell-off post this peak has pushed the gold price into negative territory for the month when viewed from a monthly timeframe perspective. As per Gold update by Prithviraj Kothari, Gold has rallied in the

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