December 2, 2024 New Delhi, India Market Overview: Gold’s Challenging Day Gold prices experienced a significant pullback in the early European session, sliding to approximately $2,629. This marks the first negative trading day after four consecutive days of gains, driven by a complex mix of economic and geopolitical factors. Economic Drivers Impacting Gold The current…
November 25, 2024 New Delhi, India Gold Prices Today Gold price (XAU/USD) retreated on Monday from a three-week high near $2,721, snapping a five-day winning streak. The decline is attributed to a risk-on market mood fueled by key geopolitical and fiscal developments. Key Factors Impacting Gold Treasury Secretary Nomination: US President-elect Donald Trump nominated Scott…
November 20, 2024 New Delhi, India Gold Price Analysis Gold price (XAU/USD) retreated from the $2,642 level, its highest point in over a week, during Wednesday’s European session. The precious metal slid to a fresh daily low as the US Dollar (USD) regained strength amid rebounding Treasury bond yields. Key Market Drivers US Dollar Strength:…
November 19, 2024 New Delhi, India Gold prices Gold prices (XAU/USD) advanced for the second consecutive session on Tuesday, climbing further from last week’s two-month low. The precious metal touched a one-week high near $2,626 during the Asian session, supported by a mix of factors including declining US bond yields, geopolitical tensions, and subdued demand…
November 12, 2024 New Delhi, India Gold Prices Gold (XAU/USD) prices dropped to a one-month low near $2,600 during the European session on Tuesday. The decline is driven by sustained buying interest in the US Dollar (USD), fueled by expectations of expansionary policies from US President-elect Donald Trump. Key Factors Impacting Gold: Strong USD Demand:…
October 28, 2024 New Delhi, India Gold Prices Gold price (XAU/USD) has opened with a modest bearish gap at the start of the new week, retracing some of the gains made on Friday. The current trading levels are approaching the $2,748-$2,750 supply zone, reflecting market sentiment shaped by various economic factors. Economic Influences Federal Reserve…
October 25, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) drifted lower during the Asian session on Friday, though losses remained limited within the weekly range. The US Dollar’s resilience—backed by lower expectations of aggressive Federal Reserve rate cuts—has contributed to the softer Gold trend. Stable equities also steered investor interest away from the…
October 23, 2024 New Delhi, India Gold Price(XAU/USD) Gold (XAU/USD) continued its upward trend on Wednesday, reaching an all-time high above the $2,750 mark. The rally is driven by investor demand for safe-haven assets amid the ongoing conflict in the Middle East and growing uncertainty around the upcoming US elections. Safe-Haven Demand Lifts Gold Investor…
October 22, 2024 New Delhi, India Gold Prices Gold (XAU/USD) climbed to trade in the $2,730 range on Tuesday as investors sought safe-haven assets amid the escalating conflict in the Middle East. The yellow metal’s rally comes despite a slowdown due to rising bond yields and a shift in global interest rate expectations. Safe-Haven Demand…
October 18, 2024 New Delhi, India Gold Prices Today Gold (XAU/USD) extended its rally on Friday, breaking past the $2,700 mark to reach a fresh record high during the Asian session. The surge is largely driven by expectations of interest rate cuts by major central banks, which boost demand for the non-yielding metal. Additionally, heightened…
