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We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY2 Says Mr. Colin Shah, MD, Kama Jewelry Below is a quote from Mr. Colin Shah, MD, Kama Jewelry on gold prices  We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY24, offering a secure avenue for investors seeking exposure to gold. The first series was issued on June 19 at Rs 5,926 per gram. We expect the second issue, 2023-24 Series II, which will be issued between September 11 and 15, 2023 to be issued at a slightly lower rate. Gold is expected to outperform most asset classes ...
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY2 Says Mr. Colin Shah, MD, Kama Jewelry
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY2 Says Mr. Colin Shah, MD, Kama Jewelry
Source: PR Agency
9/09/2023 2:27:03 PM
Commodity Article : Gold ends lower for 3rd day straight; Crude settles lower too Says Prathamesh Mallya, Angel One Below is "Daily Commodity Article" by Mr. Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, Angel One Ltd.                                               Gold ends lower for 3rd day straight; Crude settles lower too. GOLD Despite trimming gains in response to a stronger dollar, gold maintained its stabi...
Commodity Article : Gold ends lower for 3rd day straight; Crude settles lower too Says Prathamesh Mallya, Angel One
Commodity Article : Gold ends lower for 3rd day straight; Crude settles lower too Says Prathamesh Mallya, Angel One
Source: Angel One Ltd
8/09/2023 10:51:08 AM
Gold set for weekly dip with resilient US economy in focus Gold firmed on Friday as the dollar retreated from highs but the bullion was still en route to a weekly fall as traders looked beyond a widely expected pause by the Federal Reserve this month to focus on persistently resilient U.S. data. Spot gold was up 0.3% to $1,924.98 per ounce by 0345 GMT, but set for a 0.7% weekly fall. U.S. gold futures rose 0.3% to $1,949.00. "Market participants are looking for other asset classes that can give them higher returns. That, at this moment, se...
Gold set for weekly dip with resilient US economy in focus
Gold set for weekly dip with resilient US economy in focus
Source: Reuters
8/09/2023 9:45:20 AM
Gold gains as bond yields tick lower, traders await more US data Gold prices edged higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates. Spot gold was up 0.3% at $1,922.70 per ounce by 1213 GMT, after hitting a one-week low on Wednesday. U.S. gold futures were up 0.1% at $1,946.80. "Quite clearly we've seen a reversal in U.S. economic data from weakness to strength recently and that once again ad...
Gold gains as bond yields tick lower, traders await more US data
Gold gains as bond yields tick lower, traders await more US data
Source: Reuters
7/09/2023 8:20:16 PM
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd Gold price has takes retracement in pas couple of sessions from its latest highs and it seems like we may expect further decline in Gold price. MCX Gold future is trading near 59200 currently.On the other hand,Comex Gold is been at $1925. Comex Gold future has reversed from its peak of $1952 level and trading negatively since past couple of sessions. This decline in Gold price is fueled by surge in Dollar index which is trading above 104.50 levels. Alongside Dollar index 10-Year Treasury y...
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
Source: Choice Broking Ltd
7/09/2023 12:35:55 PM
Gold hovers near 1-week low as dollar firms on US data Gold prices lingered near a one-week low on Thursday following five consecutive sessions of losses as the dollar sat atop mid-March highs after data showed the U.S. services sector unexpectedly gained steam in August. Spot gold was steady at $1,919.68 per ounce by 0410 GMT, but still hovered close to its lowest level since Aug. 29 hit in the previous session. U.S. gold futures held their ground at $1,944.00. The U.S. dollar was perched at its highest since March 16 and the benchmark U.S...
Gold hovers near 1-week low as dollar firms on US data
Gold hovers near 1-week low as dollar firms on US data
Source: Reuters
7/09/2023 10:29:27 AM
Gold slides to 1-week low on elevated US dollar, yields Gold prices extended losses to hit their lowest level in a week on Wednesday as U.S. Treasury yields and the dollar strengthened on expectations that interest rates are likely to remain high. Spot gold was subdued at $1,925.70 per ounce by 0313 GMT, after posting its biggest one-day loss since Aug. 1 on Tuesday. U.S. gold futures dipped 0.1% to $1,951. The U.S. dollar hovered near six-month highs hit on Tuesday, while 10-year bond yields were at over one-week highs as markets weighed cu...
Gold slides to 1-week low on elevated US dollar, yields
Gold slides to 1-week low on elevated US dollar, yields
Source: Reuters
6/09/2023 9:49:27 AM
Gold prices tread water as markets weigh Fed policy path Gold prices edged lower on Tuesday as the dollar stood firm near recent highs, although trading was fairly muted with markets looking for more cues on the U.S. Federal Reserve's policy path after a widely expected interest rate pause this month. Spot gold was down 0.1% at $1,936.89 per ounce by 0356 GMT. U.S. gold futures fell 0.2% to $1,962.70 after a U.S. holiday on Monday. "Much remains to be seen if rate cuts in 2024 follow and to what extent," said Harshal Barot, a se...
Gold prices tread water as markets weigh Fed policy path
Gold prices tread water as markets weigh Fed policy path
Source: Reuters
5/09/2023 10:11:24 AM
Gold Outlook for September - 23 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC Bewlo The Gold Outlook for Sept  -23 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC. Gold Outlook -September 2023 International gold prices were on the backfoot for most of August touching lows of $1890 per ounce before ending the month only 0.58% lower at $1944.2 per ounce. The biggest headwind for the precious metal during the month was the yield on US 10-year inflation-protected Treasuries which touched 2% for the first time since the Global Financial Crisis o...
Gold Outlook for September - 23 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC
Gold Outlook for September - 23 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC
Source: PR Agency
4/09/2023 5:34:21 PM
Gold prices climb towards 1-month peak on Fed pause bets Gold prices climbed on Monday towards a one-month peak scaled in the previous session, supported by a slight pullback in the dollar and prospects that the U.S. Federal Reserve would take a pause from interest rate hikes this year. Spot gold gained 0.3% to $1,945.40 per ounce by 0334 GMT, after climbing to as high as $1,952.79 on Friday. U.S. gold futures added 0.2% to $1,971.70. "Gold is hovering under resistance at the $1,951 level in thin trading conditions given the U.S. holiday...
Gold prices climb towards 1-month peak on Fed pause bets
Gold prices climb towards 1-month peak on Fed pause bets
Source: Reuters
4/09/2023 9:46:18 AM
Gold muted as investors focus on US jobs data for Fed's rate course Gold prices looked set on Friday to wrap up their second straight week of gains, helped by diminished chances of U.S. interest rate hikes this year after a data-filled week that concludes with the pivotal jobs report later in the day. Spot gold steadied at $1,938.92 per ounce by 0336 GMT, but was poised for a more than 1% weekly gain after prices touched one-month highs on Wednesday. U.S. gold futures were trading around $1,965.60. "The data from the U.S. has been on the soft side ...
Gold muted as investors focus on US jobs data for Fed's rate course
Gold muted as investors focus on US jobs data for Fed's rate course
Source: Reuters
1/09/2023 9:53:14 AM
Gold firms near one-month high with US inflation data on tap Gold prices firmed near one-month highs on Thursday as a fresh set of soft U.S. data added to expectations that the Federal Reserve will pause rake hikes this year, although inflation readings due later in the day could amend this outlook. Spot gold was up 0.2% at $1,945.40 per ounce by 0331 GMT. U.S. gold futures steadied at $1,972.40. Despite this week's gains, bullion is on track for a monthly decline of nearly 1% as the U.S. dollar eyes its first monthly rise in three and U.S. T...
Gold firms near one-month high with US inflation data on tap
Gold firms near one-month high with US inflation data on tap
Source: Reuters
31/08/2023 10:05:57 AM
Gold Commentary: Gold rallied to its three-week highs as the dollar and Treasury yields slipped amidst weak economic data points By Mr. Navneet Damani, Motilal Oswal Financial Services. Below the daily gold commentary by Mr. Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services. Gold rallied to its three-week highs as the dollar and Treasury yields slipped amidst weak economic data points. The dollar fell against its major crosses, reversing from earlier gains, after data showed that U.S. job openings fell in July; benchmark 10-year Treasury yields also ticked lower from 10 month highs. The downbeat Job Openings and Labor ...
Gold Commentary: Gold rallied to its three-week highs as the dollar and Treasury yields slipped amidst weak economic data points By Mr. Navneet Damani, Motilal Oswal Financial Services.
Gold Commentary: Gold rallied to its three-week highs as the dollar and Treasury yields slipped amidst weak economic data points By Mr. Navneet Damani, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services
30/08/2023 5:44:05 PM
Gold at 3-week high as dollar slips Gold rallied to its three-week high as the US dollar and Treasury yields slipped amidst weak economic data points, says Navneet Damani, Senior VP of Commodity Research at Motilal Oswal Financial Services. Today focus will be on US GDP and Private payroll data, which if reported lower than expectations could further support gains for gold and silver prices, he said. Broader trend on COMEX could be in the range of $1,915-1,950 and on domestic front prices could hover in the range of Rs 59...
Gold at 3-week high as dollar slips
Gold at 3-week high as dollar slips
Source: IANS
30/08/2023 3:42:43 PM
Gold near 3-week high as markets cut back US rate hike bets Gold prices hovered near three-week highs on Wednesday, as investors pared back bets of further U.S. interest rate hikes in response to soft economic readings, with more data eyed this week to analyse the outlook. Spot gold was flat at $1,936.17 per ounce by 0328 GMT, about $2 below its highest levels since Aug. 7 hit on Tuesday. U.S. gold futures steadied at $1,964.30. U.S. Treasury yields slipped to three-week lows and the dollar weakened on Tuesday, after data showed job openings dro...
Gold near 3-week high as markets cut back US rate hike bets
Gold near 3-week high as markets cut back US rate hike bets
Source: Reuters
30/08/2023 9:55:08 AM
Gold gains support from a dip in US dollar, bond yields Gold prices gained on Tuesday as the dollar and Treasury yields retreated from recent highs ahead of crucial U.S. inflation and jobs data this week that could define the outlook for interest rates. Spot gold climbed 0.3% to $1,924.84 per ounce by 0354 GMT, hovering close to its highest level since Aug. 10 reached on Monday. U.S. gold futures gained 0.3% to $1,952.90. Gold prices are seeing short-covering by short-term speculators as a minor key resistance at $1,907 that coincided with t...
Gold gains support from a dip in US dollar, bond yields
Gold gains support from a dip in US dollar, bond yields
Source: Reuters
29/08/2023 10:00:43 AM
Gold flat after Jerome Powell hawkish speech; focus on economic data Gold prices were flat on Monday as Federal Reserve Chair Jerome Powell's hawkish commentary doused expectations that the U.S. rate-hiking cycle was nearing an end, with investors awaiting economic data this week for confirmation on rate trajectory. FUNDAMENTALS * Spot gold was little changed at $1,915.79 per ounce by 0105 GMT, U.S. gold futures gained 0.2% to $1,943.60 as investors awaited key economic data including the U.S. non-farm payroll report on Friday. * Any thoughts that...
Gold flat after Jerome Powell hawkish speech; focus on economic data
Gold flat after Jerome Powell hawkish speech; focus on economic data
Source: Reuters
28/08/2023 9:01:46 AM
Gold prices near two-week highs Gold prices steadied near two-week highs and was headed for their best week in six ahead of mixed economic data from the US and as market participants await comments from Governors of major central banks. including Federal Reserve Governor Powell, that could guide on future interest rates, says Navneet Damani, Senior VP, Commodity Research at Motilal Oswal Financial Services. The US 10 year Yield after dropping by more than 2 per cent in the earlier session is inching higher once again, Do...
Gold prices near two-week highs
Gold prices near two-week highs
Source: IANS
25/08/2023 4:22:08 PM
Gold Commentary : Gold prices steadied near two-week highs and was headed for their best week Say`s Mr. Navneet Damani, Motilal Oswal Financial Services. Below the daily gold commentary by Mr. Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services. ‘Gold prices steadied near two-week highs and was headed for their best week in six ahead of mixed economic data from the US and as market participants await comments from Governors of major central banks including Fed Governor Powell that could guide on future interest rates. US 10Y Yield after dropping by more than 2% in the earlier session...
Gold Commentary : Gold prices steadied near two-week highs and was headed for their best week Say`s Mr. Navneet Damani, Motilal Oswal Financial Services.
Gold Commentary : Gold prices steadied near two-week highs and was headed for their best week Say`s Mr. Navneet Damani, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services
25/08/2023 4:12:04 PM
Geopolitical uncertainty offers support to gold prices The ongoing geopolitical and economic uncertainties like higher inflation, China economic jitters, and the pandemic-related economic distortions amid the Russia – Ukraine war continue to offer support to the safe haven status of gold in the immediate run, said Hareesh V, Head of Commodities at Geojit Financial Services. Hopes of a demand recovery from India may also contribute to the trend. However, it is unlikely for major rallies due to uncertainties over US rate hikes and the perf...
Geopolitical uncertainty offers support to gold prices
Geopolitical uncertainty offers support to gold prices
Source: IANS
25/08/2023 10:06:27 AM
Gold bound for best week in six, spotlight on Jerome Powell's speech Gold prices steadied near two-week highs on Friday and was headed for their best week in six as U.S. Treasury yields backed off highs ahead of speeches by top central bankers including Fed Chair Jerome Powell that could guide on future interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $1,915.89 per ounce by 0120 GMT, holding below its highest since Aug. 10 hit on Thursday. It has gained 1.4% for the week so far. * U.S. gold futures fell 0.2% to $1,943.90. * European Centra...
Gold bound for best week in six, spotlight on Jerome Powell's speech
Gold bound for best week in six, spotlight on Jerome Powell's speech
Source: Reuters
25/08/2023 9:24:37 AM
Gold eases into tight range as traders brace for Jackson Hole Gold inched lower on Thursday after data pointing to a tight U.S. labour market pushed the dollar and yields higher, but held a tight range as traders positioned for interest rate guidance from central bankers at Jackson Hole. Spot gold was down 0.02% at $1,913.99 per ounce by 9:30 a.m. EDT (1330 GMT), easing slightly off its highest level since Aug. 10 hit earlier in the session. U.S. gold futures fell 0.3% to $1,941.60. The number of Americans filing new claims for unemployment benefits ...
Gold eases into tight range as traders brace for Jackson Hole
Gold eases into tight range as traders brace for Jackson Hole
Source: Reuters
24/08/2023 7:51:46 PM
Quote on the Gold Outlook from Jateen Trivedi, LKP Securities. Below the quote on the Gold Outlook from Jateen Trivedi, VP Research analyst at LKP Securities. "Given the ongoing trend of global central banks acquiring gold and the uncertain global economic landscape, gold prices are anticipated to remain steady, if not rise significantly due to the impact of a stronger dollar and elevated interest rates. However, the trajectory could swiftly change. The moment the Federal Reserve hints at a potential pause in its rate hikes or even the possi...
Quote on the Gold Outlook from Jateen Trivedi, LKP Securities.
Quote on the Gold Outlook from Jateen Trivedi, LKP Securities.
Source: LKP Securities
24/08/2023 4:51:33 PM
Quote on the Gold Outlook from Hareesh V, Geojit Financial Services Below the quote on the Gold Outlook from Hareesh V, Head of Commodities at Geojit Financial Services. "The ongoing geopolitical and economic uncertainties like higher inflation, China economic jitters, and the pandemic-related economic distortions amid the Russia – Ukraine war continue to offer support to the safe haven status of gold in the immediate run. Hopes of a demand recovery from India may also contribute to the trend. However, it is unlikely for major rallies due t...
Quote on the Gold Outlook from Hareesh V, Geojit Financial Services
Quote on the Gold Outlook from Hareesh V, Geojit Financial Services
Source: Angel One Ltd
24/08/2023 4:36:30 PM
Quote on Gold and Silver Gold and Silver short term bull are in act By Mr. Tejas Anil Shigrekar, Angel One Ltd Below the "Quote on Gold and Silver" by Mr. Tejas Anil Shigrekar, Commodities and Currencies Senior Technical Analyst, Angel One Ltd                                            Gold and Silver short term bull are in act The US dollar's recovery has been ongoing and impressive, gaining strength over the past month, fluctuating ...
Quote on Gold and Silver Gold and Silver short term bull are in act By Mr. Tejas Anil Shigrekar, Angel One Ltd
Quote on Gold and Silver Gold and Silver short term bull are in act By Mr. Tejas Anil Shigrekar, Angel One Ltd
Source: Angel One Ltd
24/08/2023 11:21:02 AM
Gold near 2-week highs as market eyes rate cues at Jackson Hole meet Gold prices hovered near two-week highs on Thursday, lifted by a retreat in the U.S. dollar and Treasury yields as investors waited to see what interest rate signals the U.S. Federal Reserve could send at its annual Jackson Hole meeting. FUNDAMENTALS * Spot gold was up 0.2% at $1,917.50 per ounce by 0124 GMT, close to its highest level since Aug. 11 hit on Wednesday. U.S. gold futures were little changed at$1,945.80. * The Federal Reserve is holding its annual symposium in Jackson Ho...
Gold near 2-week highs as market eyes rate cues at Jackson Hole meet
Gold near 2-week highs as market eyes rate cues at Jackson Hole meet
Source: Reuters
24/08/2023 9:00:15 AM
Gold stabilises near $1,900 level ahead of Jackson Hole meet Gold prices gained on Wednesday, as a slight pullback in U.S. dollar and Treasury yields helped bullion stabilise near a key $1,900 level ahead of a central bankers' gathering that would likely provide cues on interest rates outlook. FUNDAMENTALS * Spot gold was up 0.2% at $1,900.30 per ounce by 0123 GMT, while U.S. gold futures rose 0.2% to $1,929.40. * The dollar index was sitting below two-month highs, while a rally that took U.S. Treasury yields to nearly 16-year highs took a...
Gold stabilises near $1,900 level ahead of Jackson Hole meet
Gold stabilises near $1,900 level ahead of Jackson Hole meet
Source: Reuters
23/08/2023 8:58:18 AM
Quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, LKP Securities Below the quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, VP Research Analyst at LKP Securities. With the rupee showing signs of weakness against the dollar and the festive season in India just around the corner, investors should consider capitalizing on the positive trend in gold. The robust festive demand in India is poised to maintain stable gold prices. For investors seeking to accumulate gold, a strategic entry point lies between ...
Quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, LKP Securities
Quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, LKP Securities
Source: LKP Securities
22/08/2023 5:27:03 PM
Gold finds support despite surge in US bond yields Gold prices firmed above recent lows on Tuesday, with the non-yielding asset holding ground despite U.S. Treasury yields powering to nearly 16-year highs as investors look ahead to central bankers' meeting this week for clues on interest rates. Spot gold held its ground at $1,894.89 per ounce by 0253 GMT, hovering above a five-month low of $1,883.70 hit last week. U.S. gold futures were flat at $1,923.50. Following a week of back-to-back declines, gold on Monday settled 0.3% higher,...
Gold finds support despite surge in US bond yields
Gold finds support despite surge in US bond yields
Source: Reuters
22/08/2023 9:09:49 AM
Gold near 5-month lows as focus turns to Jackson Hole summit Gold prices steadied above 5-month lows on Monday after declining in the previous five sessions, as investors saddled up for central bankers' gathering in Jackson Hole, Wyoming this week, for outlook on economy and interest rates. FUNDAMENTALS * Spot gold was flat at $1,888.36 per ounce by 0124 GMT, while U.S. gold futures added 0.1% to $1,917.70. * Prices dropped to their lowest since mid-March at $1,883.70 last week, as buoyant economic data raised bets for higher-for-longer U....
Gold near 5-month lows as focus turns to Jackson Hole summit
Gold near 5-month lows as focus turns to Jackson Hole summit
Source: Reuters
21/08/2023 9:21:09 AM
Gold off 5-month lows; heads for fourth weekly decline on Fed rate fears Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly fell from highs, but bullion was set for its fourth consecutive weekly decline on concerns over the Federal Reserve's higher-for-longer interest rate outlook. FUNDAMENTALS * Spot gold gained 0.2% to $1,892.70 per ounce by 0141 GMT, after touching its lowest since mid-March on Thursday. U.S. gold futures rose 0.4% to $1,923.20. * Benchmark 10-year U.S. Treasury yields fell from their highest leve...
Gold off 5-month lows; heads for fourth weekly decline on Fed rate fears
Gold off 5-month lows; heads for fourth weekly decline on Fed rate fears
Source: Reuters
18/08/2023 9:00:55 AM
Ashapuri Gold Ornament rises on securing orders worth Rs 100 crore at IIJS Premiere 2023 Ashapuri Gold Ornament is currently trading at Rs. 10.55, up by 0.03 points or 0.29% from its previous closing of Rs. 10.52 on the BSE. The scrip opened at Rs. 10.60 and has touched a high and low of Rs. 10.78 and Rs. 10.51 respectively. So far 89929 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 11.00 on 16-Aug-2023 and a 52 week low of Rs. 4.40 on 17-Aug-2022. Last one week high and low of the scrip stood at ...
Ashapuri Gold Ornament rises on securing orders worth Rs 100 crore at IIJS Premiere 2023
Ashapuri Gold Ornament rises on securing orders worth Rs 100 crore at IIJS Premiere 2023
Source: Accord Fintech
17/08/2023 12:27:22 PM
Gold at five-month trough as US dollar, yields rise Gold prices touched five-month lows on Thursday, as the U.S. dollar and Treasury yields gained momentum after recent upbeat economic data added weight to expectations the Federal Reserve would carry on with its policy tightening. FUNDAMENTALS * Spot gold was subdued at $1,891.70 per ounce by 0141 GMT, dropping to its weakest level since March 15. U.S. gold futures shed 0.3% to $1,921.80. * Minutes from the Fed's July meeting showed "most" policymakers continued to prior...
Gold at five-month trough as US dollar, yields rise
Gold at five-month trough as US dollar, yields rise
Source: Reuters
17/08/2023 9:07:08 AM
Commodity Article : Gold breaks below $1900 Crude oil slips on demand concerns Says Prathamesh Mallya, Angel One Below is "Daily Commodity Article" by Mr. Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, Angel One Ltd.   Gold breaks below $1900; Crude oil slips on demand concerns.   GOLD Gold's performance weakened recently, slipping below $1,900 per ounce, its lowest since end-June. This decline can be attributed to rising 10-year U.S. Treasury yields, which reached a 10-month high, making them more appeal...
Commodity Article : Gold breaks below $1900 Crude oil slips on demand concerns Says Prathamesh Mallya, Angel One
Commodity Article : Gold breaks below $1900 Crude oil slips on demand concerns Says Prathamesh Mallya, Angel One
Source: Angel One Ltd
16/08/2023 10:59:27 AM
Gold languishes as strong US data stokes Fed rate hike woes Gold prices were flat on Wednesday, a day after breaching the key $1,900 support level on strong U.S. consumer spending data fuelling speculation that the Federal Reserve was not done with its interest rate hiking cycle. FUNDAMENTALS * Spot gold was flat at $1,900.90 per ounce by 0123 GMT, while U.S. gold futures eased 0.1% to $1,933. * Gold on Tuesday dropped to as low as $1,895.50 an ounce, its weakest level since end-June, as benchmark 10-year U.S. Treasury yields hit an almost 10...
Gold languishes as strong US data stokes Fed rate hike woes
Gold languishes as strong US data stokes Fed rate hike woes
Source: Reuters
16/08/2023 8:54:08 AM
Gold under pressure from elevated US dollar, bond yields Gold prices eased on Tuesday as the dollar benefited from elevated bond yields and China's economic concerns, with markets now looking ahead to U.S. retail sales data that could shed light on the impact of higher rates on consumer spending. Spot gold was down 0.2% at $1,905 per ounce by 0319 GMT, trading near its lowest level in 1-1/2 months hit in the previous session. U.S. gold futures dropped 0.3% to $1,937.80. Gold prices fell as the U.S. dollar and Treasury yields were pushed h...
Gold under pressure from elevated US dollar, bond yields
Gold under pressure from elevated US dollar, bond yields
Source: Reuters
15/08/2023 9:26:53 AM
Gold hits 5-week low as US dollar, yields stay elevated  Gold prices fell to their lowest level in more than five weeks on Monday, as the dollar and bond yields strengthened ahead of the U.S. Federal Reserve's July meeting minutes this week that could guide expectations for future interest rates. FUNDAMENTALS * Spot gold was down 0.2% at $1,910.29 per ounce, as of 0119 GMT, hitting its lowest level since July 7. U.S. gold futures also slipped 0.2% to $1,942.60. * U.S. bond yields gained, lifting the dollar to its highest since Ju...
Gold hits 5-week low as US dollar, yields stay elevated
Gold hits 5-week low as US dollar, yields stay elevated
Source: Reuters
14/08/2023 8:50:37 AM
Gold frail as US dollar, yields hold ground after inflation data Gold prices hovered near one-month lows on Friday as markets assessed the cooler-than-expected U.S. inflation data, with bullion still set to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong. FUNDAMENTALS * Spot gold edged 0.2% higher to $1,914.87 per ounce by 0136 GMT, but still traded near its lowest levels since July 7 seen earlier in the day. U.S. gold futures were flat at $1,946.90. * Gold prices have slid about 1.4% for the week so far as the U.S....
Gold frail as US dollar, yields hold ground after inflation data
Gold frail as US dollar, yields hold ground after inflation data
Source: Reuters
11/08/2023 8:56:26 AM
Gold sags as investors buckle up for US inflation test Gold prices hovered near one-month lows on Thursday, as investors braced for the make-or-break U.S. inflation data that would shape the Federal Reserve's upcoming interest rate decisions. FUNDAMENTALS * Spot gold was steady at $1,916.19 per ounce by 0123 GMT, a few dollars away from its lowest level since July 10 hit on Wednesday. U.S. gold futures were down 0.1% at$1,948.90. * China's consumer sector fell into deflation in July as it struggled to revive demand and pressure m...
Gold sags as investors buckle up for US inflation test
Gold sags as investors buckle up for US inflation test
Source: Reuters
10/08/2023 8:49:14 AM
India`s Kalyan Jewellers quarterly profit surges on seasonal demand Kalyan Jewellers India reported on Wednesday a 33% surge in its first-quarter profit, underpinned by premium pricing and improved demand during the festive season. The jewellery retailer's profit came in at 1.44 billion rupees ($17.39 million) for the three-month period ended June 30. Demand for gold usually stays strong in April as Indians celebrate annual festival of Akshaya Tritiya, when buying bullion is considered auspicious. The Reserve Bank of India's decision to withd...
India`s Kalyan Jewellers quarterly profit surges on seasonal demand
India`s Kalyan Jewellers quarterly profit surges on seasonal demand
Source: Reuters
9/08/2023 2:34:24 PM
Gold steadies as US dollar, yields pull back from recent highs Gold prices bounced back on Wednesday from one-month lows as bond yields and dollar weakened a day ahead of the release of U.S. consumer price data that could build the case for or against further interest rates hikes. FUNDAMENTALS * Spot gold was up 0.1% at $1,926.29 per ounce by 0117 GMT, having dropped to the lowest level since July 10 at $1,922 on Tuesday. U.S. gold futures were flat at $1,960.30. * The dollar index was off previous session's highs, while longer-dated U.S. Tr...
Gold steadies as US dollar, yields pull back from recent highs
Gold steadies as US dollar, yields pull back from recent highs
Source: Reuters
9/08/2023 9:11:09 AM
Gold prices in check as US dollar shows resilience Gold prices were flat during early Asian hours on Tuesday as the dollar regained some footing, with investors awaiting U.S. inflation numbers due this week for clarity on whether more rate hikes are on the table. FUNDAMENTALS * Spot gold held its ground at $1,935.39 per ounce by 0058 GMT, while U.S. gold futures were also steady at $1,970. * The dollar strengthened 0.2% against major currencies, making bullion more expensive for other currency holders. [USD/] * The contours of the...
Gold prices in check as US dollar shows resilience
Gold prices in check as US dollar shows resilience
Source: Reuters
8/08/2023 9:24:53 AM
Gold firms as dollar, yields fall before US inflation test Gold prices firmed on Monday after a slower-than-expected U.S. job growth data knocked the dollar and bond yields off their recent highs, as investors brace for this week's inflation test that could influence the Federal Reserve's policy path. FUNDAMENTALS * Spot gold was steady at $1,942.33 per ounce by 0130 GMT, off an over three-week low hit in the last session. U.S. gold futures rose 0.1% to $1,977.20. * The U.S. dollar index fell and benchmark 10-year Treasury yields sli...
Gold firms as dollar, yields fall before US inflation test
Gold firms as dollar, yields fall before US inflation test
Source: Reuters
7/08/2023 9:12:44 AM
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, HDFC securities Below the view on Weekly Gold, Silver By Mr. Anuj Gupta, Vice President, HDFC securities   Last week we saw that gold increased by 0.17% and closed at 59527 levels while Silver price corrected by 2.13% and closed at 72478 levels.  Safe haven demand due to Downgrade rating of US is providing suppprt to the gold prices however down grading rating to chine by Morgan Stanley putting pressure on Metals.  In international market gold is trading at $1942 per ounc...
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, HDFC securities
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, HDFC securities
Source: HDFC Securities Ltd
5/08/2023 12:04:12 PM
Gold at three-week low as higher dollar, yields dim shine Gold was near a more than three-week low on Thursday, dragged by a robust dollar and elevated bond yields, while investors remained cautious ahead of July U.S. nonfarm payrolls data. Spot gold was flat at $1,933.80 per ounce by 2:34 p.m. EDT (1834 GMT), after hitting its lowest since July 11. U.S. gold futures settled 0.3% lower at $1,968.80. The dollar rose to a four-week high, making gold more expensive for other currency holders. U.S. 10-year Treasury yields rose to their highest sin...
Gold at three-week low as higher dollar, yields dim shine
Gold at three-week low as higher dollar, yields dim shine
Source: Reuters
4/08/2023 8:55:42 AM
Gold near 3-week lows as US data points to more Fed tightening Gold prices languished near three-week lows on Thursday after a larger-than-expected increase in U.S. private payrolls in July fuelled bets on more monitory policy tightening and boosted the dollar and bond yields. FUNDAMENTALS * Spot gold was little changed at $1,935.20 per ounce by 0100 GMT, trading near its lowest level since July 12 hit in the previous session. U.S. gold futures eased 0.2% to $1,970.90. * The U.S. dollar index rose to a 4-week peak and benchmark 10-year Treasury ...
Gold near 3-week lows as US data points to more Fed tightening
Gold near 3-week lows as US data points to more Fed tightening
Source: Reuters
3/08/2023 9:15:20 AM
Surging gold prices take sheen off Indian jewellery maker Titan's profit India's Tata Group-owned Titan Co reported a lower-than-expected quarterly profit on Wednesday as its mainstay jewellery segment was hurt due to surging gold prices, which pushed up costs and eroded margins. Titan, which owns the Tanishq jewellery brand, said its first-quarter profit fell more than 2% to 7.77 billion rupees ($94.1 million) in the three months ended June 30. Analysts had expected profit of 9.50 billion rupees, as per Refinitiv data. Gold prices in India - the seco...
Surging gold prices take sheen off Indian jewellery maker Titan's profit
Surging gold prices take sheen off Indian jewellery maker Titan's profit
Source: Reuters
2/08/2023 7:33:08 PM
Dollar, gold can strengthen as investors shift assets towards safe havens The dollar and gold can strengthen as investors shift assets towards safe havens due to the impact of US debt being downgraded by Fitch, Tata Mutual Fund said. This could also weigh on emerging-market assets due to rise in US yields. “We believe that the Fitch rating downgrade is unlikely to lead to major impact in debt, currency and commodity markets. As the previous rating downgrade for US debt came in 2011 by S&P, which had then led to steep stock market declines and rising...
Dollar, gold can strengthen as investors shift assets towards safe havens
Dollar, gold can strengthen as investors shift assets towards safe havens
Source: IANS
2/08/2023 5:36:23 PM