Gold Rises as Fed Rate Hike Bets Fade

Bullions Updates

Gold concluded the trading session with a 0.68% increase, reaching Rs 154,506. This uptick was bolstered by a depreciating US dollar and diminished anticipations regarding a Federal Reserve rate increase, following inflation data from the US that largely met expectations. Read More …

Gold Rallies for Third Session as Dollar and Treasury Yields Fall

Bullions News

Gold prices commenced higher for the third consecutive session on the MCX on Thursday, buoyed by a depreciating U.S. dollar, declining Treasury yields, and softening oil prices, amidst increasing optimism regarding the reopening of the Strait of Hormuz. In the Read More …

Gold Extends Gains as Oil Falls and Dollar Weakens

Bullions Updates

Gold prices extended gains on the MCX for a second consecutive session on Wednesday, as oil prices declined for a third straight day, alleviating inflation concerns. Investors are currently anticipating the forthcoming U.S. jobs data for new insights regarding the Read More …

Gold Drops Amid Fed Rate Hike Concerns Ahead of Policy Meeting

Bullions Updates

As investors continued to exercise caution in anticipation of the US Federal Reserve’s policy decision, gold saw a slight decline of 0.03%, closing at Rs 143,063. Market participants largely anticipate that the Fed will maintain the current interest rates this Read More …

Gold Prices Extend Losses as Oil Surge Fuels Rate Hike Fears

Bullions Updates

Gold prices continued their downward trend for a second consecutive session on the MCX on Friday, coinciding with Brent crude surpassing $100 a barrel. This development has heightened inflation concerns and bolstered expectations that interest rates may persist at elevated Read More …

Gold Fall Amid Rising Rate Hike Bets and Dollar Strength

Bullions Updates

Gold and silver prices commenced the trading session on the Multi Commodity Exchange with notable declines on Tuesday, influenced by a robust U.S. dollar that dampened demand. Concurrently, investors remained vigilant regarding the ongoing U.S.-Iran peace negotiations and were reevaluating Read More …

Gold Prices Fall as Strong Dollar and Hawkish Fed Impact Demand

Bullions Updates

Gold prices experienced a significant decline of 1.41%, closing at Rs 147,203, influenced by the strengthening of the U.S. dollar and the Federal Reserve’s hawkish position. The Fed maintained interest rates at 3.50%-3.75%, yet revised projections indicated that nine policymakers Read More …