Gold Prices Financial News

Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh Iran announced its military's preparedness to counter any potential Israeli aggression. Recently, Iran launched its inaugural direct assault on Israel, retaliating against a suspected Israeli attack on an Iranian diplomatic facility in Damascus on April 1. On Tuesday, prominent figures from the U.S.

₹71,500-72,500. The rising gold prices is leading to dwindling of demand in the country and prompting Indians to opt for recycling of their old jewelleries amid festive season. Also read: Silver prices likely to cross ₹1 lakh per kg in medium to long term: Motilal Oswal “We have seen higher investment demand for gold in India through various gold investment instruments.

Interest rates are an important factor that determine the trajectory of gold prices. When interest rates are high, gold becomes less attractive. When the US Fed hiked interest rates in 2022 and 2023, gold prices dipped (see chart). But in recent months, the US Fed has become less hawkish and more inclined to cut rates. Global gold prices have rallied on these expectations. “Gold prices could remain choppy in the months ahead as the market reacts to geopolitical developments. The medium term outlook for the precious metal is promising, given the imminent turn in the US interest rate cycle,” says Chirag Mehta, CIO, Quantum Mutual Fund. Gold has also rallied due to strong buying by central banks in the past few months. News reports say some countries are trying to reduce their US dollar reserves following the freezing of Russia’s reserves by the US and Europe, and are shifting to gold. “Increased buying of gold by central banks, especially China, in the quest to reduce dollar exposure (also called de-dollarisation), is the key reason for the spike in gold prices,” says Vidya Bala, Co-founder, PrimeInvestor.in.

Gold prices hit all-time high on strong US inflation figures, Fed rate cut buzz. Silver price also climbs a new peak Drawing inspiration from the upward movement of gold, platinum surpassed the significant psychological threshold of $1,000 per ounce, reaching its highest point in almost four months. The White House emphasized the genuine and substantial threat of a potential attack by Iran on Israel, without disclosing specific timing details.

FUNDAMENTALS

Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today? Even though bullion is often touted as a hedge against inflation, its attractiveness tends to diminish in periods of elevated interest rates. On Tuesday, bullion prices reached an all-time high of $2,365.09. "Since mid-March, both gold and silver prices have been steadily climbing, reaching all-time highs in both international and domestic markets.

Gold prices edged up on Tuesday, hovering slightly below a record high as investors awaited the U.S. Federal Reserve's policy meeting minutes and key inflation data for cues on the timing and depth of interest rate cuts.

Treasury yields held firm after strong U.S. data heightened doubts on whether the Federal Reserve would deliver three interest rate cuts this year. FUNDAMENTALS * Spot gold was down 1.1% at $2,305.09 per ounce, as of 0109 GMT, after hitting a record high of $2,330.06 on Friday.

World markets today: US stocks surge on robust jobs data; Krispy Kreme, Shockwave Medical among top gainers on NYSE “Gold and silver closed on a mixed note, after both precious metals hit fresh lifetime highs in the domestic market. Silver fell after reaching its highest level since June 2021, as investors awaited the important US employment data for fresh indications regarding the Fed's monetary easing. Gold and silver are also getting support due to escalating tensions in the middle-east.

Gold surged to a record high on Thursday, as Federal Reserve Chair Jerome Powell underlined that recent job gains and higher-than-expected inflation readings do not significantly alter the overall picture of the central bank's monetary strategy. FUNDAMENTALS

Mentha Oil Rate Today gains 0.11% on Apr 2 2024 3:50PM “Gold rises to yet record high above $2,280 per ounce in the overseas futures and ₹69,487 per 10gm on MCX futures. Technically, we have already seen a rally of nearly 10% in the past 5-weeks, now we expect some profit-booking," said Pranav Mer, VP - Research (Commodity & Currency) BlinkX and JM Financial. Two Federal Reserve policymakers expressed their belief on Tuesday that it would be "reasonable" to implement three interest rate cuts in the U.S.

₹50 to reach ₹68,370 per 10 grams in the domestic market on Tuesday, influenced by subdued patterns in the global markets, according to HDFC Securities. During the last trading session, the valuable metal concluded at ₹68,420 per 10 grams.

Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve's policy path after the central bank kept interest rates unchanged for the fifth straight meeting this month. According to commodity market experts, gold prices have retraced from recent highs due to the profit-booking. The yellow metal still possesses steam and may soon touch record-high levels soon as the US Fed rate cuts are expected to inject further momentum in prices.

Gold prices held firm on Wednesday, supported by lower U.S. Treasury yields, although bullion traded in a narrow range as investors stayed on the sidelines awaiting more cues on the Federal Reserve policy. FUNDAMENTALS * Spot gold was steady at $2,178.31 per ounce, as of 0125 GMT, following two session on gains. * U.S. gold futures edged 0.1% lower to $2,173.70 per ounce.

Gold and silver prices Today on 26-03-2024: Check latest rates in your city The attention of the market is currently centered on the upcoming release of the U.S. Core Personal Consumption Expenditure Price Index data [PCE], scheduled for Friday. Market response to this data might be delayed until next week due to the Good Friday holiday.

Investing.com-- Gold prices fell slightly in Asian trade on Tuesday as anticipation of key signals on U.S. inflation and the Federal Reserve dissuaded big trades, while recent strength in the dollar also weighed.

Investing.com-- Gold prices rose Monday, attempting to steady following a recent wobble as dollar strength eased and gold exchange-traded-funds recorded a first inflow ahead of a slew of remarks from Federal Reserve members and key inflation report later this week.  

Gold and silver prices Today on 25-03-2024: Check latest rates in your city The PCE data serves as the Federal Reserve's preferred measure of inflation, and any market response to it will likely be observed in the following week due to the Good Friday holiday. "Higher-than-expected PCE figures may prompt spot gold to pare some of its month-to-date gains," said Han Tan, chief market analyst at Exinity Group, was quoted as saying by Reuters. Tan remarked that the increased gold prices were indicative of the anticipation for imminent Fed rate cuts.

Gold and silver prices Today on 22-03-2024 : Check latest rates in your city Back home, gold prices plummeted by ₹875 to reach ₹66,575 per 10 grams in the national capital on Friday, influenced by subdued trends in global markets. In the preceding trade, the valuable metal had reached a settlement price of ₹67,450 per 10 grams. The rise in the dollar pushed it to its highest level in a month, thereby increasing the cost of gold for holders of other currencies.

Investing.com-- Gold prices fell in Asian trade on Friday, retreating further from record highs hit this week as a sharp uptick in the dollar, following a surprise interest rate cut by the Swiss National Bank, pressured metal markets. 

Two decades ago, rising gold prices launched a historic bull run in Canada’s gold mining sector. Now, bullion is popping to all-time highs again, but this time investors are fleeing gold miners’ stocks in droves.