Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm … Read more
Gold prices have seen a notable weekly gain of more than 3%, marking their first increase in four weeks. This surge is primarily attributed to ongoing geopolitical tensions, notably the recent conflict between Israel and Hamas. The surprise attack by Hamas on Israel has escalated the situation, leading Israel to declare war. The United States … Read more
Highlights of the week ended August 4 included a huge surge in long-dated US yields and a US credit rating downgrade by Fitch. Long-term yields surged to fresh cycle high on increased auction borrowing sizes across the board. Ten-year US yields rose to the highest level since October 2022 as the yields rose to 4.2043% … Read more
COMEX Gold prices saw another weekly gain of over 2% and notched a fresh one-year high of $2,049.2 per troy ounce, owing to a weaker greenback and plunging US benchmark treasury yields. A recent set of economic data from the US have pointed to a slowing economy and improved the conviction that the Fed may … 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
Gold prices have shot up nearly 8% this year-to-date and the yellow metal has outperformed all other asset classes. As the prices remain elevated, investors must wait for some correction in yellow metal before resuming a buy. While the jury is still out on whether the Federal Reserve will increase interest rates or do a … Read more
Gold closed with a gain of nearly 0.70% in the week gone by, erasing steep losses made on Federal Reserve Chair Powell’s hawkish testimony. It ended the week at $1867.24. Gold gained on worries about the US banks as Silicon Valley Bank defaulted, which led to spillover concerns. Some softer than expected data in the … Read more
After a turbulent February, bullion has started March on a positive note. Gold recovered over 2 per cent over the week in the international market while gaining 0.54 per cent on the MCX. As trading resumes this week, gold and silver prices are likely to take cues from a host of important events. The Street … 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