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 »
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 »
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 »