August 31, 2024 New Delhi, India Gold Prices Gold prices fell below $2,500 on Friday, marking the second day this week under the key level, as the latest US economic data fueled expectations of a Federal Reserve interest rate cut in September. Gold (XAU/USD) was trading at $2,497, down over 0.90%, after reaching a high…
July 27, 2024 New Delhi, India Gold prices Gold prices staged a modest comeback, rising 0.80% to $2,385 after initially plummeting to a two-week low of $2,353. This recovery was largely fueled by market speculation that the Federal Reserve might reduce interest rates in their upcoming September meeting. This anticipation follows a soft inflation report,…
July 23, 2024 New Delhi, India XAU/USD Gold prices have been under pressure, struggling to gain traction amid a mix of economic and geopolitical factors. As the precious metal trades near a one-week low, investors are weighing the implications of potential rate cuts by the Federal Reserve and other global economic developments. Current Market Dynamics:…
April 25, 2023 New Delhi, India Gold prices witnessed a modest uptick amidst a weaker US dollar and a subdued risk sentiment. However, gains were limited as traders awaited key US macroeconomic data, particularly the Advance Q1 GDP report, to gauge the Federal Reserve’s future policy decisions. Market Dynamics: Gold price (XAU/USD) attracted some buying…
April 16, 2023 New Delhi, India Gold Prices Gold prices have surged as geopolitical tensions between Iran and Israel escalate, overshadowing the US dollar’s five-month high. Despite disappointing US retail sales data, gold reached an intraday high of ₹73,169 per 10 gm on the Multi Commodity Exchange (MCX) today. Iran-Israel Conflict Fuels Gold Rally: Geopolitical…
April 2, 2023 New Delhi, India Gold Price Consolidates Near All-Time High Gold price continues to trade with a positive bias, hovering near its all-time peak, as geopolitical tensions and mixed signals regarding Federal Reserve rate cuts keep investors on edge. Geopolitical Factors Support Safe-Haven Appeal Reports of Israeli airstrikes near Iran’s embassy in Syria…
February 12, 2023 New Delhi, India Gold Price Steadies Amidst Market Uncertainty In the ever-fluctuating landscape of financial markets, gold has found itself in a period of consolidation. Factors such as uncertain monetary policy from the Federal Reserve and easing geopolitical tensions are keeping traders on their toes. Federal Reserve’s Influence on Gold The Federal…
Febuary 2, 2023 New Delhi, India The commodities market witnessed a rollercoaster week with divergent trends impacting Brent crude oil, gold, and copper prices. Let’s delve into the highlights shaping these market movements. Brent Crude Oil: Ceasefire Impact and OPEC+ Decision Crude oil prices faced a setback, dropping over 2% on Thursday amidst reports of…
January 19, 2023 New Delhi, India Geopolitical Tensions Drive Gold Price Recovery Gold prices have seen a rebound, moving away from a recent one-month low, propelled by escalating geopolitical tensions in the Middle East. The catalysts include retaliatory airstrikes by Pakistan inside Iran and ongoing clashes between US-led forces and the Iran-backed Houthi group in…
January 18, 2023 New Delhi, India Gold Rebounds from One-Month Low, but Upside Limited Gold price attempted to recover from a two-day losing streak on Thursday, snapping above the $2,000 psychological level. However, the precious metal faced resistance at this level and struggled to extend its gains. Geopolitical Tensions and China’s Economy Support Safe-Haven Demand…
