GOLD SPOT
Gold prices steady with spotlight on US inflation print
Gold prices remain stable as investors await U.S. inflation data to assess Federal Reserve's interest rate strategy. Fed Chair Powell indicates potential for looser monetary policy. Market attention shifts to upcoming CPI data. Global gold ETFs experience increased inflows.
Gold drops more than 1% as risk appetite grows
Gold prices tumbled 1.5% to $2,354.59 per ounce, retreating from Friday's peak, the highest since May. U.S. gold futures mirrored the decline. This drop comes as markets increasingly anticipate the Federal Reserve cutting interest rates in September and December, with a 71% probability currently priced in for September.
China's central bank refrains from gold purchases for a 2nd month
The pause by the People's Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand from other central banks, contributed to the gold rally from March to May.
Gold lingers near 2-week high as focus shifts to US payrolls
Gold prices remain steady near a two-week high following weaker US economic data, leading to speculation of potential interest rate cuts. Investors are closely watching Friday's non-farm payrolls data for further guidance. The market awaits further developments amidst the ongoing economic uncertainty.
Gold climbs Rs 370; silver jumps Rs 600 amid strong global cues
Analysts like Saumil Gandhi and Praveen Singh foresee continued market impact from factors like US PCE inflation data and hawkish statements. The gold market remains influenced by global economic trends and currency fluctuations, leading to a cautious outlook for traders and investors.
Gold falls Rs 120; silver remains flat at Rs 90,600 per kg
Traders are focused on upcoming economic data releases to anticipate US Federal Reserve interest rate changes, impacting market trends and investment decisions.
Gold rises 1% to two-week peak as Fed rate cut bets lift demand
Gold prices rose more than 1% on Thursday to their highest level in two weeks, as recent U.S. economic data showing signs of a slowdown in the world's largest economy boosted bets for interest rate cuts from the Federal Reserve this year.
Gold rush grips Asia despite near-record prices
Gold demand in Asia is increasing despite near-record high prices, driven by geopolitical and economic uncertainty. Spot gold trades over $2,300 per ounce, up 12% year-to-date, and 6% below the record high. Lower confidence in real estate and equities also fuels the demand.
Gold slides 3% on double blow of strong jobs report, China data
Gold prices fell 3% to $2,304.54 after a strong U.S. jobs report dampened expectations for rate cuts, exacerbated by China's pause in gold purchases in May.
Gold prices today: Gold opens at Rs 72,203 per 10 grams; silver up by Rs 5,100 in last 3 days
Gold steadied on MCX with June futures opening at Rs 72,203 per 10 grams, while silver rose to Rs 95,670/kg. Commodities stabilize amidst geopolitical tensions and US PCE deflator data anticipation.
Gold gains 1% as traders brace for key US inflation data
Gold prices edged higher on Monday, recovering slightly from a recent dip to a two-week low. Spot gold rose by 1% to $2,355.60 per ounce, but remained below last week's record high of $2,449.89. The rise in gold prices occurred despite most U.S. markets being closed for the Memorial Day holiday.
Gold records its worst weekly fall this year on hawkish Fed minutes
April's preliminary US economic data shows unexpected strength in durable goods orders, rising 0.70% against a predicted -0.80% decline. Even excluding transportation, the sector grew 0.4%, surpassing the 0.20% forecast. Consumer sentiment, measured by the University of Michigan, also improved to 69.10 from 67.70. However, inflation expectations for the next year and five to ten years fell slightly below predictions, at 3.30% and 3.00%, respectively.
Gold prices back in limelight after mild correction
Gold prices have surged both globally and domestically, nearing the significant psychological level of $2,500 per ounce on the London spot market, representing a year-to-date increase of almost 17%. This momentum is reflected in the Indian market as well, with MCX futures prices exceeding ₹74,000 per ten grams.
Gold Price Today: Yellow metal opens flat at Rs 73,930 per 10 grams, silver at Rs 94,306/ kg
Gold futures and silver contracts stayed near all-time highs as traders awaited signals on Federal Reserve policy. The prices hovered above key levels supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve. Bullion and U.S. gold futures held steady, while the US Dollar Index hovered near the 104.64 mark.
Gold Price Today: Gold opens at Rs 72,884/10 grams, while silver at Rs 87,155/kg
Gold prices on MCX dip slightly amid hopes for Fed rate cuts. Despite Thursday's loss, gold remains steady, set for second weekly gain. Silver outperforms gold, up 25%. US Dollar Index rises.
Gold Price Today: Yellow bullion opens flat at Rs 71,350/10 grams; silver at Rs 82,883/kg
In the US, spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). U.S. gold futures for June delivery settled 0.9% higher at $2,331.2 per ounce.
Inflation concerns weigh on gold as yellow metal ends with second weekly declines
Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up.
Gold's run on Street remains uninterrupted for 5th straight week
Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel's attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation.
No justifications for gold's recent rally, investors riding on Fed rate cut hope
Gold closed at a record high of $2330 amidst escalating Middle East tensions, positive US economic data, and hints of potential rate cuts by the Fed Chair. Geopolitical tensions and economic indicators will continue to drive market sentiment. . Hotter than expected CPI inflation and contained geopolitical tensions will weigh on the metal. Resistance is at $2360/$2400 and support at $2300/$2250/$2200. A short term correction won't be surprising.
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