Gold Prices Financial News

Investing.com-- Gold prices steadied on Friday as traders hunkered down before key nonfarm payrolls data, with the yellow metal headed for a weekly loss as risk appetite improved in the wake of dovish signals from the Federal Reserve.

Investing.com-- Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite. 

Investing.com-- Gold prices moved little on Wednesday, retaining most recent gains as fears of a recession in the euro zone, following a string of weak economic readings, kept safe haven demand supported.

₹58,000 to ₹62,500. It’s close to its 52-week high, reached in May this year, at around ₹53,600 per 10 gm. In a sense, gold is playing the role it has always played: A safe haven asset.

Investing.com-- Gold prices traded in a mixed range on Tuesday, retaining most recent gains as traders watched for any more developments in the Israel-Hamas war, while focus also turned to a string of key U.S. economic readings due this week.

Investing.com-- Gold prices rose to a three-month high on Friday amid persistent safe haven demand on concerns over the Israel-Hamas war, while somewhat mixed signals on U.S. interest rates also stalled a rally in the dollar and Treasury yields. 

Investing.com-- Gold prices rose sharply on Wednesday, nearing a one-month high as a potential escalation in the Israel-Hamas war drove up safe haven demand, while copper prices also rose tracking a positive reading on China’s economy.

Investing.com-- Gold prices fell on Monday, reversing course after increased safe haven demand spurred a series of strong gains in the yellow metal, with focus remaining on any potential spillover from the Israel-Hamas war.

₹1497 per 10 gm on the Multi Commodity Exchange (MCX). The gold future contract for December expiry on MCX ended 2.58% higher at ₹59,415 per 10 gm levels on Friday. The rally in gold was seen in the times of the Russia-Ukraine war also.

oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session. Gold rose the most since May on increased haven demand after tensions ramped up in the wake of the Hamas attack on Israel. On Monday, gold price on the Multi Commodity Exchange (MCX) for the December 2023 expiry contract opened higher at ₹57,000 per 10 gm levels and went on to hit an intraday high of ₹57,400 levels within a few minutes of commodity market's opening bell.

Gold on the key London spot market declined to a six-month low on firm US dollar and a jump in Treasury yields. Hopes of interest rates staying higher for an unexpected period increased the demand for US assets. Despite a weaker Indian Rupee, domestic gold mirrored the trend with the most active MCX futures and shed its price to Rs 57500 per ten grams, its lowest level since March 2023.

Investing.com-- Gold prices moved little in Asian trade on Friday, hovering near a seven-month low hit earlier this week as markets awaited key U.S. inflation data, while copper prices rose amid bets that a week-long Chinese holiday will help perk up economic growth. 

Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely biased to the dollar, while Treasury yields also surged. 

Investing.com-- Gold prices fell in Asian trade on Tuesday, facing consistent pressure from a stronger dollar and higher Treasury yields as Federal Reserve officials reiterated the bank’s outlook for higher interest rates. 

Investing.com-- Gold prices rose slightly on Friday, taking some relief as the dollar retreated from a six-month high, although the prospect of higher-for-longer interest rates, following a hawkish stance from the Federal Reserve, presented a weak outlook.

Investing.com-- Gold prices fell on Thursday after the Federal Reserve warned that U.S. interest rates will remain higher for longer, with investors sharply lowering their price expectations for the yellow metal in the coming months.

Gold prices retreated on Thursday as the U.S. dollar and bond yields powered higher after the Federal Reserve signalled another rate hike this year and a tighter monetary policy through 2024 than previously expected. FUNDAMENTALS * Spot gold slid 0.3% to $1,924.68 per ounce by 0059 GMT, while U.S.

Investing.com-- Gold prices fell slightly on Wednesday as traders kept clear of big bets before an interest rate decision from the Federal Reserve later in the day, with a recent rise in inflation brewing concerns over a potentially hawkish outcome.

Dollar Index (DXY) crossed the 105 mark on Monday against the basket of six top currencies and was down by 0.07%. On Comex, gold futures were trading at $1,949 per troy ounce on Monday, up by $3.30 or 0.17% while silver futures were at $23.455, lower by $0.069 or 0.30%. The Street awaits the Federal Reserve’s policy outcome on Wednesday. The October Gold futures had ended with gains of Rs 411 or 0.70% per 10 gram at Rs 58,999 on Friday while the December Silver futures closed lower at Rs 72,165, down by Rs 1,183 per kg or 1.673%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking said that bullion is looking good on the daily charts and was making bottom and trading near demand zone which was suggested even by the momentum indicator RSI. His advice to traders is to make fresh buy positions in gold and silver futures near the given support level of Rs 58,800-58,600 with the stop loss at the support levels while booking profit near the resistance levels of Rs 59,100-59,200. Analyst Neha Qureshi, who is Senior Technical & Derivative Analyst at Anand Rathi Commodities & Currencies added that the gold (October) appeared to be shaping a W-pattern breakout on the daily chart with the neckline at the Rs 59,670 level. This pattern suggests a potential bullish trend in the market, she said, adding that gold is currently trading above its 50-day and 100-day Exponential Moving Averages (EMA), indicating positive momentum. She sees key resistance levels at Rs 59,300-59,670 while important support levels at approximately Rs 58,670-58,275. Gold futures are down 0.64% or by Rs 381 on the month-to-date basis while they have gained 7.23% or by Rs 3,976 on the year-to-date basis, Anuj Gupta, Head Commodity &

The MCX October gold futures were trading up by Rs 106 or 0.18% from the Thursday closing price at Rs 58,694 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,433 per kg, higher by Rs 451 or 0.64%. Dollar Index (DXY) crossed the 105 mark on Thursday against the basket of six top currencies taking sheen away from the yellow metal. On Comex, gold futures were trading at $1,930 per troy ounce on Friday, down by $1.70 or 0.09% while Silver futures were at $23.030, lower by $0.151 or 0.650%. The rates were down as the dollar movement has an inverse relation with the price movement in gold. Amit Khare, Associate Vice President at Ganganagar Commodity Limited (GCL) Broking sees bullions making bottom on the daily charts and trading near the demand zone with momentum Indicator RSI indicating the same. His advice to traders is to make fresh buy positions in gold and silver futures near the given support level at Rs 58,500-58,300 while keeping the stop loss near the support levels and booking profit near the resistance of Rs 58,800-59,000. Analyst Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies said that the daily chart of October gold futures suggests that the yellow metal was trading below the 50 and 100-day Exponential Moving Averages (EMA) while retaining the crucial Rs 58,300 level. «If it does break below this level, we can expect further downward movement.

Investing.com-- Gold prices moved little in Asian trade on Thursday, steadying near three-week lows and remaining under pressure from the dollar as data showed a bigger-than-expected increase in U.S. inflation.