Asian equities retreated at the open after a rally in US stocks stalled amid concern valuations may have become stretched following their relentless surge. Stocks in Japan and Australia fell while South Korea rose with Samsung Electronics Co. jumping 6% to trade above its record-high closing level. A gauge of US-listed Chinese companies slid 2% … Read more
Gold prices edged higher on Wednesday, hovering near record levels as the U.S. moved closer to a government shutdown, bolstering safe-haven demand, while weak U.S. labor data reinforced expectations of further Federal Reserve rate cuts. FUNDAMENTALS * Spot gold was up 0.2% at $3,861.22 per ounce, as of 0030 GMT. Bullion logged about 12% rise … Read more
Gold and silver may have stolen headlines this year — with gold up 38% and silver rallying 43% — but platinum has quietly emerged as 2025’s strongest performer. Prices have surged nearly 57% year-to-date, including a 28% leap in June, their biggest monthly rise in decades. The World Platinum Investment Council (WPIC) believes the rally … Read more
Gold prices fell nearly 1% on Wednesday, retreating from a record high scaled earlier in the session, as market participants parsed remarks from Federal Reserve Chair Jerome Powell. Spot gold was down 0.9% at $3,658.25 per ounce, as of 3:11 pm EDT (1911 GMT), after hitting a record high of $3,707.40. Prices have risen nearly … Read more
Gold prices (October futures contracts at MCX) held firm at Rs 1,10,177 per 10 grams on the MCX October futures contract, staying near their lifetime high of Rs 1,10,330, hit in the previous trading session. The precious metal has been on a record-setting spree in recent sessions, supported by a weaker dollar, safe-haven demand, and … Read more
The inflows in Gold ETFs in August surged by 74% to Rs 2,189 crore compared to Rs 1,256 crore in July. On a year-on-year basis, inflows rose 36% from Rs 1,611 crore in August 2024. An expert said the healthy net inflows reflect gold’s enduring appeal as both a portfolio diversifier and a tactical hedge … Read more
Gold surged past the $3,600 an ounce level for the first time on Monday, hitting a fresh record high as soft U.S. labor data reinforced expectations the Federal Reserve will cut interest rates next week. Spot gold rose 1.3% to $3,631.66 per ounce, as of 9:59 a.m. EDT (1349 GMT). Bullion hit a record high … Read more
Gold prices rose to a record high on Monday, breaking through a key $3,600 level after soft U.S. jobs data cemented expectations of an interest rate cut by the U.S. Federal Reserve at its meeting next week. Spot gold was up 0.7% at $3,612.20 per ounce, as of 0841 GMT. Bullion rose to a record … Read more
Gold October futures prices at MCX on Friday hit another new all-time high of Rs 1,02,191/10 grams, driven by US trade tariff uncertainty and safe-haven buying by global central banks. Additionally, silver September contracts were also resilient, trading at Rs 1,14,900/kg, up by Rs 614 or 0.54%. On Thursday, gold and silver settled on a … Read more
Boosted by positive sentiment with the ongoing tariff war, Gold August futures contracts at MCX continued their rally, hitting a 3 high of Rs 98,132/10 grams, rising Rs 314 or 0.32%. Meanwhile, silver September futures contracts also sparkled, hitting a new all-time high of Rs 1,14,875/kg, rising by 1,874 or 1.65%. On Friday, gold and … Read more