Gold and silver prices faced renewed pressure, influenced by concerns over US inflation, which have heightened expectations for additional interest rate increases this year. Despite a rally in precious metals during the majority of the previous session, gold ultimately reversed Read More …
Gold settled 0.27% higher at Rs. 1,42,552 on Thursday in a light trading session due to Diwali, recovering on short covering after recent losses driven by rising oil prices, inflation concerns, and expectations of tighter monetary policy. Federal Reserve officials Read More …
Gold settled sharply higher by 2.71% at Rs. 143,234, supported by a weaker as Democrats secured early victories in the US midterm elections, increasing political uncertainty and weighing on the greenback. Investors are now awaiting US non-farm payrolls data for Read More …
Gold settled 0.52% lower at Rs. 139,452, as energy-driven inflation concerns and expectations of further Federal Reserve monetary tightening exerted downward pressure on prices ahead of the US midterm elections. Comments from three Federal Reserve officials advocating for further rate Read More …
Gold prices experienced a significant decline of 2.88%, closing at Rs 138,485. This drop was influenced by increasing prices and stronger-than-anticipated US inflation data, which bolstered expectations for additional monetary tightening by the Federal Reserve. US inflation accelerated in September, Read More …
Gold settled 0.73% lower at Rs. 148,450, declining by Rs. 1,093 as the US dollar climbed to an 18-month high ahead of key inflation reports that could influence the Federal Reserve’s monetary policy outlook. Stronger inflation readings may bolster expectations Read More …
Gold settled down 0.39% at Rs 1,50,710, influenced by expectations of additional tightening from the US Federal Reserve, as robust economic activity and increasing inflationary pressures bolstered a hawkish policy perspective. In September, US business activity surged to a level Read More …
Gold settled down 0.42% at Rs 158,996 as investors evaluated new US economic data for insights regarding the Federal Reserve’s interest-rate trajectory. The US PCE price index experienced an increase of 0.2% in July, surpassing the anticipated figure of 0.1%. Read More …
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 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 …
