Investors in the yellow metal have had a rollercoaster over the past few years. In 2020, when the pandemic caused investors to duck for cover, it held up as a safe haven, with prices rising 17.2%. In 2021, with expectations of a recovery, it softened 3.4%. The year 2022 also witnessed another upswing as markets …
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 …
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 …
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 …
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 …
