Gold prices edged higher on Tuesday as investors awaited the Federal Reserve’s commentary on its monetary policy and a deluge of U.S. economic data due later in the week for more clues on the pace and scale of the Fed’s interest rate cuts. As per Gold Update by Prithviraj Kothari, Gold prices were modestly higher […]
Overall Outlook for Gold remains Positive Read More »
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. As per Gold Update by Prithviraj Kothari, spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session
Key Drivers Awaiting to influence Gold Read More »
Gold Prices are up by 25% over the last six months, currently hovering above $2,400 per ounce. Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal’s appeal despite robust economic data from the U.S. that raised prospects of fewer interest rate cuts. Among the other factors demand for
Gold leaves markets perplexed Read More »
Good and dollar have long been inversely proportional to each other. Gold is the quintessential “anti-dollar” — a place to turn for those who distrust fiat currency — so it seemed natural that prices would rise in a world of low real interest rates and cheap dollars. The unraveling of the relationship between gold and
Good and dollar have long been inversely proportional to each other. Read More »
Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook. Gold has started the new week on a strong note as the FX market largely remains range-bound in part due to
It’s a data-packed week Read More »
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
Some turbulence is expected soon Read More »
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
Gold is expected to remain elevated Read More »
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.
Dampened demand for gold over rate hike Read More »