July 17, 2024 New Delhi, India Gold prices Gold price (XAU/USD) pulled back from its fresh all-time high of $2,482-$2,483 during the Asian session on Wednesday, now trading near the lower end of its daily range. The risk-on environment and an overbought Relative Strength Index (RSI) prompted some profit-taking. However, expectations of a dovish Federal…
July 15, 2024 New Delhi, India Gold Price(XAU/USD) The gold market opened the week on a subdued note as the yellow metal faced renewed selling pressure amid a rebound in the US Dollar (USD). Despite this dip, gold prices remain close to their highest levels since late May, supported by dovish expectations surrounding the Federal…
July 12, 2024 New Delhi, India Gold Price(XAU/USD) Analysis Gold prices experienced a pullback on Friday after a significant surge on Thursday, driven by unexpected US inflation data. This article explores the factors behind gold’s recent movements, including the implications of cooling inflation and the potential for Federal Reserve interest rate cuts. Gold’s Reaction to…
July 11, 2024 New Delhi, India Gold Prices(XAU/USD) Gold prices have been gaining traction for the third consecutive day, drawing interest from investors as a softer US Dollar (USD) and expectations of Federal Reserve rate cuts provide support. This article explores the key factors influencing gold prices, including Fed policy expectations, central bank actions, and…
July 10, 2024 New Delhi, India Gold Prices(XAU/USD) Gold prices are capturing investor attention amid a complex interplay of economic signals and geopolitical developments. As the market navigates through the potential for U.S. Federal Reserve rate cuts and the impact of China’s gold purchasing decisions, gold remains a focal point for those seeking stability in…
July 9, 2024 New Delhi, India Gold Prices(XAU/USD) Analysis The gold market saw a significant uptick in prices early on Tuesday in the European session, driven by a confluence of factors including expectations of a potential Federal Reserve interest rate cut and global geopolitical tensions. The price of gold (XAU/USD) experienced a rebound as the…
June 21, 2024 New Delhi, India Gold Prices Gold prices have risen, surpassing ₹72,800 per 10 grams, driven by safe-haven demand and expectations of potential interest rate cuts by global central banks, particularly the US Federal Reserve. The recent economic data from the US has indicated a slowdown, bolstering the outlook for gold as a…
June 19, 2024 New Delhi, India Gold Prices Analysis Gold prices (XAU/USD) are consolidating near the upper end of a short-term trading range as the Federal Reserve’s (Fed) hawkish stance on interest rates continues to weigh on the market. Uncertainty about the timing of potential rate cuts is holding traders back from making fresh directional…
June 11, 2024 New Delhi, India Gold Under Pressure Gold prices have taken a hit recently, moving lower due to diminishing hopes of an interest rate cut by the Federal Reserve (Fed). Investors are adjusting their expectations following strong US economic data, particularly the upbeat jobs report. This has reduced the likelihood of a rate…
June 6, 2024 New Delhi, India Gold Prices Analysis Gold prices surged today, driven by a drop in the US dollar and Treasury yields. The gold futures contract for August 2024 on the Multi Commodity Exchange (MCX) opened higher at ₹72,879 per 10 gm and quickly hit an intraday high of ₹72,958. In the international…
