The week opened on a slightly negative band for gold, as prices fell on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting. Last week gold was supported by soft labor data. This pushed gold …
The week opened on a slightly negative band for gold Read More »
Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook.Gold has started the new week on a strong note as the FX market largely remains range-bound in part due to a …
The week opened on a slightly negative band for gold, as prices fell on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting. Last week gold was supported by soft labour data. This pushed gold …
Good closed on a straight negative bracket for the third week. It gave up some gains on Friday and was on course for a third straight weekly loss on the likelihood of a last-minute debt ceiling deal and as a hotter-than-expected U.S. inflation gauge raised bets for rates to stay higher for longer. Gold prices …
The average price of gold in Mumbai during FY 2022 was around Rs. 48000 let 10 grams which soared to around Rs. 55000 by the end of the year. Currently, gold prices are hovering around Rs. 63000 per 10 gm. Gold was seen touching new life highs due to the kn ongoing geopolitical uncertainties. In …
Last week gold ended with a nearly 0.35% gain at $1,989.65, failing to close above $2,000 throughout the week. Concerns about rising inflation continued after 1Q A core PCE QoQ and 1QA GDP Price Index came in higher than expected. These damp sentiments continued as the week opened. Gold prices moved little in early Asian …
