Spot gold closed almost flat at $1,940 on Friday as US treasuries fell, despite a weak monthly US job report. The surge in yields on Friday boosted the US dollar index, thus mitigating the impact of a weak job report. However, the yellow metal was up nearly 1.37% for the week as yields were lower … Read more
COMEX gold prices started the week on a negative note, following reports that US authorities are considering expanding an emergency lending facility for banks, easing some concerns surrounding the financial sector. Risk sentiments improved and haven demand fell. US Treasury Secretary Janet Yellen told lawmakers that regulators would be prepared for further steps to protect … Read more
COMEX gold prices are trading near a one-year high of $2014.9 per troy ounce notched in the previous week. The yellow metal started the week on a negative note, as the SNB brokered UBS buyout of Credit Suisse calmed markets and improved the risk sentiments. There were also reports that the US officials were studying … Read more
Gold has become increasingly vulnerable in the last few weeks and is susceptible to further decline in prices. The metal is subjected to mainly four bearish fundamental factors: Firstly, much expected Chinese demand on its reopening has failed to materialize. This is being seen in the hefty build-up in base metals inventories in the last … Read more
Gold plays an important role in the Indian economy. It is considered a safe form of savings and investment among individuals, and it is an integral part of traditional ceremonies. This metal is considered the best collateral for loans and the precious metals industry is a significant source of employment in the country. The demand … Read more
Gold prices changed little in the international markets last year. Despite the geopolitical crisis and recession fears reigniting its safe-haven demand in the first quarter, a strong US dollar had cast shadows on the prospects of the yellow metal for the rest of the year. The aggressive rate hikes by the US Federal Reserve made … Read more
Gold prices were flat on Friday but headed for a second week of gains, as some weak U.S. economic data fanned expectations that the Federal Reserve might ease the aggressive pace of raising interest rates beginning December. FUNDAMENTALS * Spot gold was flat at $1,663.22 per ounce, as of 0130 GMT but it was up … Read more
Negative investor sentiment due to a rapid rise in global interest rates, a strong US dollar, and higher bond yields, gold lost its glitter throughout this year. London spot gold prices fell for the seventh consecutive month in October, shedding more than 10% since January. Rising interest rates are typically an obstacle for gold as … Read more
Gold prices inched lower on Wednesday as the dollar steadied, while the U.S. Federal Reserve’s commitment to tightening monetary policy also weighed on zero-yield bullion’s appeal. FUNDAMENTALS * Spot gold was down 0.1% at $1,650.75 per ounce, as of 0125 GMT. * U.S. gold futures were up 0.1% at $1,657.30. * The dollar index was … Read more
Gold prices fell on Friday, adding to the weekly decline, as a hotter-than-expected U.S. inflation reading cemented bets of another hefty Federal Reserve interest rate hike next month. FUNDAMENTALS * Spot gold fell 0.3% to $1,660.10 per ounce, as of 0123 GMT. * U.S. gold futures dropped 0.6% to $1,666.80. * The dollar index was … Read more