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 17, 2024 New Delhi, India Gold prices Gold prices continued their upward momentum on Thursday, October 17, with XAU/USD marking its third consecutive day of gains and hitting fresh all-time highs as investors flocked to safe-haven assets. The domestic futures market also saw MCX Gold for December 5 expiry rise 0.21% to ₹76,822 per…
October 10, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) saw a slight recovery on Thursday, snapping a six-day losing streak that pushed prices to a nearly three-week low around the $2,604 area. However, this rebound lacks strong momentum, as market participants anticipate a 25 basis points (bps) interest rate cut by the Federal…
October 8, 2024 New Delhi, India Gold Prices Gold (XAU/USD) continues to struggle for momentum, trading within a familiar range as market forces remain mixed. The upbeat US jobs report last Friday reinforced a resilient labor market, prompting investors to further reduce expectations of a major interest rate cut by the Federal Reserve (Fed) in…
October 4, 2024 New Delhi, India Gold Prices The gold price (XAU/USD) continues to face challenges in maintaining upward momentum, staying below its weekly top during Friday’s European session. A key factor limiting gains is the diminishing likelihood of aggressive policy easing by the Federal Reserve (Fed). As a result, traders are adopting a cautious…
October 3, 2024 New Delhi, India Gold Prices XAU/USD Gold prices (XAU/USD) continued to face selling pressure for the second consecutive day on Thursday, reflecting the strength of the US Dollar (USD) and the impact of recent US economic data. Despite this, rising geopolitical tensions in the Middle East are offering some support to the…
September 25, 2024 New Delhi, India Gold Prices Gold price (XAU/USD) pulled back on Wednesday after hitting a fresh record high during the Asian session as traders opted to take profits amid slightly overbought conditions on the daily chart. The broader risk-on mood, bolstered by China’s latest stimulus measures, also diverted flows from the safe-haven…
