September 11, 2024 New Delhi, India Gold Prices Gold (XAU/USD) extended its upward move for the third consecutive day on Wednesday, rising from the $2,485 region to reach a fresh weekly high during the early European session. The precious metal is currently hovering around the $2,525-$2,526 supply zone, with bulls looking to build on this…
September 9, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) are under selling pressure for the second consecutive day, staying below the $2,500 psychological mark during early European trading on Monday. The recent mixed US jobs report has reduced the probability of a larger 50 basis point rate cut by the Federal Reserve (Fed),…
September 4, 2024 New Delhi, India Gold prices Gold prices continued to slide on Wednesday, with XAU/USD trading in the $2,490s as market sentiment remained negative. This downturn followed a global sell-off triggered by disappointing US manufacturing data and concerns over the potential bursting of the Artificial Intelligence (AI) tech bubble. Key Highlights: Market Performance:…
September 2, 2024 New Delhi, India Gold Prices Gold (XAU/USD) continues to trade in a narrow range above $2,500 on Monday, despite mixed market signals. Asian stocks declined due to concerns over China’s economic growth, following the release of mixed Manufacturing Purchasing Managers Index (PMI) data. While China’s official NBS Manufacturing PMI fell further into…
August 29, 2024 New Delhi, India Gold prices Gold prices (XAU/USD) rebounded above $2,500 per troy ounce in Thursday’s early European session, recovering from weekly lows. The metal’s rise is supported by increasing expectations of Federal Reserve rate cuts, which reduce the opportunity cost of holding non-yielding gold, and ongoing geopolitical tensions in the Middle…
August 22, 2024 New Delhi, India Gold Prices Today Gold prices have retreated from their record highs in Asian trade on Thursday as the recent rally in the precious metal cooled off. The market’s attention is now focused on potential U.S. interest rate cuts and rising fears of a recession, which have driven much of…
August 21, 2024 New Delhi, India Gold prices Gold prices surged to a new all-time high on Tuesday, driven by a dovish stance from the US Federal Reserve and geopolitical tensions. The safe-haven metal remains strong, with investors watching for further cues on the Fed’s rate-cut path. Gold Price Movement: On Wednesday, gold prices (XAU/USD)…
August 19, 2024 New Delhi, India Gold Prices Today Gold prices continued their upward trajectory on Monday, fueled by growing speculation of a potential US Federal Reserve rate cut. On the Multi Commodity Exchange (MCX), gold opened with an upside gap at ₹71,458 per 10 grams and quickly climbed to an intraday high of ₹71,644,…
July 29, 2024 New Delhi, India Gold prices(XAU/USD) Gold prices climbed on Monday, driven by heightened geopolitical tensions in the Middle East and growing expectations of a U.S. rate cut in September. The focus now shifts to the Federal Reserve’s policy meeting later this week. Key Highlights: Spot Gold: Spot gold increased by 0.3%, reaching…
July 18, 2024 New Delhi, India Gold prices Gold prices are edging higher, approaching near-record highs, as increasing optimism surrounds the possibility of the Federal Reserve cutting interest rates in September. The price of gold (XAU/USD) is hovering around $2,470 per troy ounce, driven by expectations of a rate cut which enhances the appeal of…
