News

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 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
Pre-booking for `Make in India` foldables begins in India with cool pricing, attractive offers Samsung on Thursday announced the availability of its next generation of 'Make in India' foldables, Galaxy Watch and new tablets in the country that will go on pre-booking from July 27 (12 noon onwards) across all leading online and offline retail stores with some attractive offers. While Galaxy Z Flip5 (8GB+256GB) will be available for Rs 99,999 and 8GB+512GB variant for Rs 109,999, Galaxy Z Fold5 (12GB+256GB) will cost Rs 154,999, the 12GB+512GB model will come for Rs 164,999 and...
Pre-booking for `Make in India` foldables begins in India with cool pricing, attractive offers
Pre-booking for `Make in India` foldables begins in India with cool pricing, attractive offers
Source: IANS
27/07/2023 10:29:52 AM
Gold advances on softer dollar as traders await US inflation data Gold prices rose on Tuesday after falling over 1% in the previous session, as the dollar eased while investors awaited this week's U.S. inflation data that could influence the Federal Reserve's monetary policy trajectory. Spot gold was up 0.4% at $1,997.69 per ounce, as of 0304 GMT. U.S. gold futures rose 0.4% to $2,012.30. The dollar index was 0.1% lower, making bullion cheaper for overseas buyers. [USD/] Traders are now focussing on the U.S. consumer price data due Wednesda...
Gold advances on softer dollar as traders await US inflation data
Gold advances on softer dollar as traders await US inflation data
Source: Reuters
11/04/2023 8:57:22 AM
Gold prices ease as US dollar regains some ground Gold prices edged lower on Tuesday as a steady dollar made bullion more expensive for overseas buyers, while softer U.S. economic data heightened expectations of less-aggressive moves by the Federal Reserve. FUNDAMENTALS * Spot gold was down 0.1% at $1,962.36 per ounce, as of 0103 GMT. U.S. gold futures were flat at $1,999.50. * The dollar index was 0.1% higher. [USD/] * Gold prices had dropped on Monday after a surprise cut in OPEC+ crude production was announced during the weeke...
Gold prices ease as US dollar regains some ground
Gold prices ease as US dollar regains some ground
Source: Reuters
4/04/2023 8:49:43 AM
Gold rises for third day on softer dollar; rate-hike fears linger Gold edged up for a third session on Wednesday as the dollar pulled back, although fears of more U.S. interest rate hikes on the back of stubbornly high inflation kept a lid on prices. Spot gold was up 0.1% at $1,829.37 per ounce, as of 0315 GMT. U.S. gold futures eased 0.1% to $1,835.30. "Gold is oversold over the near-term, having found support at its 200-day exponential moving average and the U.S. dollar is due a pullback against February's gains," said Matt Simpson, a ...
Gold rises for third day on softer dollar; rate-hike fears linger
Gold rises for third day on softer dollar; rate-hike fears linger
Source: Reuters
1/03/2023 9:13:38 AM
Gold gains as dollar rally cools; rate-hike fears linger Gold prices ticked up on Monday as the dollar retreated, although worries of further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low. Spot gold rose 0.4% to $1,817.69 an ounce by 1:45 p.m. ET (1845 GMT). U.S. gold futures were up 0.4% to settle at $1,824.90. The dollar index fell 0.5% after hitting a seven-week peak, making gold less expensive for overseas buyers. [USD/] Gold has support around $1,806 but it has been sliding on higher-than-expected...
Gold gains as dollar rally cools; rate-hike fears linger
Gold gains as dollar rally cools; rate-hike fears linger
Source: Reuters
28/02/2023 8:53:07 AM
Gold edges up as dollar weakens, rate-hike worries cap gains  Gold prices inched up on Friday as the dollar weakened, though investor worries that recent economic data could lead the U.S. Federal Reserve to keep raising interest rates capped gains. Spot gold was up 0.1% at $1,824.79 per ounce, as of 0608 GMT. U.S. gold futures gained 0.3% to $1,832.10. Bullion is likely to decline for a fourth straight week and is down about 0.8% for the period. "Expectations for the Fed's rate path have seen a hawkish recalibration, with gold pr...
Gold edges up as dollar weakens, rate-hike worries cap gains
Gold edges up as dollar weakens, rate-hike worries cap gains
Source: Reuters
24/02/2023 8:46:21 AM
Gold listless as traders look to U.S. data for Fed cues Gold traded in a tight range on Tuesday as investors refrained from taking big positions ahead of U.S. economic data that could influence the Federal Reserve's rate-hike strategy. Spot gold was up 0.1% at $1,842.37 per ounce, as of 0245 GMT, trading in a $4 range. U.S. gold futures firmed 0.1% to $1,852.10. High interest rates discourage investors from placing money in non-yielding assets such as gold. "Decline in gold prices has somewhat stabilised as markets take stock on ...
Gold listless as traders look to U.S. data for Fed cues
Gold listless as traders look to U.S. data for Fed cues
Source: Reuters
21/02/2023 8:59:42 AM
Gold edges down on firmer dollar, U.S. rate-hike worries  Gold prices fell on Monday, weighed down by a stronger dollar and after recent U.S. economic data raised worries that the Federal Reserve could hike interest rates further. FUNDAMENTALS * Spot gold was down 0.2% at $1,837.59 per ounce, as of 0048 GMT. U.S. gold futures eased 0.1% to $1,847.60. * The dollar index was up 0.2%, making greenback-priced bullion less attractive for buyers holding other currencies. [USD/] * Money markets are now expecting the Fed to raise benchmark...
Gold edges down on firmer dollar, U.S. rate-hike worries
Gold edges down on firmer dollar, U.S. rate-hike worries
Source: Reuters
20/02/2023 9:03:38 AM
Gold steadies after steep sell-off, but bound for weekly drop  Gold prices steadied on Friday after a sharp sell-off in the previous session, as traders digested rate-hike remarks from global central banks, but the metal was set for its first weekly drop in seven amid a strong dollar. Spot gold edged 0.2% higher to $1,916.31 per ounce by 0233 GMT, after shedding 2% in a sell-off on Thursday that was fuelled by a firmer dollar and profit-taking. U.S. gold futures were little changed at $1,915.80. "With gold prices delivering a stellar ...
Gold steadies after steep sell-off, but bound for weekly drop
Gold steadies after steep sell-off, but bound for weekly drop
Source: Reuters
3/02/2023 9:07:34 AM
Dovish Fed cues propel gold to 9-month peak  Gold rose to a nine-month high on Thursday on a subdued dollar, as investors held onto the view that the U.S. Federal Reserve would soon end its rate hiking cycle after it announced an expected 25-basis-point increase. Spot gold was up 0.2% at $1,954.77 per ounce at 0927 GMT, having hit its highest since April 2022 earlier in the session. U.S. gold futures rose 1.5% to $1,955.30. The U.S. central bank on Wednesday scaled back to a quarter-percentage-point rate increase after a yea...
Dovish Fed cues propel gold to 9-month peak
Dovish Fed cues propel gold to 9-month peak
Source: Reuters
2/02/2023 8:48:14 AM
Gold holds tight range as traders focus on Fed decision Gold traded in a narrow price range on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve's policy decision due later in the day. Spot gold was down 0.1% at $1,925.09 per ounce, as of 0237 GMT. U.S. gold futures fell 0.3% to $1,940.50. Gold should hold above $1,900 levels heading into the Fed meeting and the Fed message needs to be heard to grasp bullion's next likely direction, said Matt Simpson, a senior market analyst at City Index. Th...
Gold holds tight range as traders focus on Fed decision
Gold holds tight range as traders focus on Fed decision
Source: Reuters
1/02/2023 8:06:10 AM
Central banks bought the most gold since 1967 last year, WGC says  Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year since 1967, the World Gold Council (WGC) said on Tuesday. The data underline a shift in attitudes to gold since the 1990s and 2000s, when central banks, particularly those in Western Europe that own a lot of bullion, sold hundreds of tonnes a year. Since the financial crisis of 2008-09, European banks stopped selling and a growing number of emerging e...
Central banks bought the most gold since 1967 last year, WGC says
Central banks bought the most gold since 1967 last year, WGC says
Source: Reuters
31/01/2023 12:08:21 PM
India`s 2022 gold consumption drops 3% as prices rally - WGC  India's gold consumption in 2022 fell 3% from a year earlier, as a rally in local prices to near-record highs curtailed bullion demand during the key December quarter, the World Gold Council (WGC) said on Tuesday. Lower consumption in the world's second-biggest gold buyer could weigh on global prices, but help in bringing down India's trade deficit and support the ailing rupee. India's gold consumption declined to 774 tonnes last year as demand dropped 20% to 276.1...
India`s 2022 gold consumption drops 3% as prices rally - WGC
India`s 2022 gold consumption drops 3% as prices rally - WGC
Source: Reuters
31/01/2023 12:07:41 PM
Gold slips ahead of Fed, but on pace for third monthly gain Gold prices eased on Tuesday, but were en route to their third straight month of gains, as market participants awaited the U.S. Federal Reserve policy decision later this week. Spot gold slipped 0.3% to $1,917.56 per ounce as of 0547 GMT, however it was headed for a monthly gain of more than 5%. U.S. gold futures were down 0.3% at $1,933.60. The dollar index held steady but was set for a fourth consecutive monthly drop. A weaker greenback tends to make dollar-priced bullion an attrac...
Gold slips ahead of Fed, but on pace for third monthly gain
Gold slips ahead of Fed, but on pace for third monthly gain
Source: Reuters
31/01/2023 8:47:40 AM
Gold ticks up as investors await central bank meetings Gold prices edged up on Monday on a weaker dollar, as investor attention moved to several central bank meetings this week for more clarity on their rate hike strategies, with the key focus on the U.S. Federal Reserve. Spot gold gained 0.1% to $1,928.36 per ounce by 1119 GMT. U.S. gold futures were steady at $1,929.70. "Gold is easing away from a nine-month high as the U.S. dollar and yields stabilise, as markets eagerly await the Fed’s latest policy guidance," said Han T...
Gold ticks up as investors await central bank meetings
Gold ticks up as investors await central bank meetings
Source: Reuters
30/01/2023 9:16:41 AM
Gold subdued as U.S. data backs Fed rate stance  Gold prices slipped on Friday as the dollar ticked up, with traders awaiting U.S. inflation data due later in the day to gauge the Federal Reserve's likely stance on further interest rate hikes. Spot gold was down 0.3% at $1,923.33 per ounce, as of 0648 GMT, shedding 0.2% so far in the week. U.S. gold futures were off 0.4% at $1,923.00. The dollar index gained 0.2%. A stronger greenback makes dollar-priced bullion less affordable for other currency holders. Gold is seeing a...
Gold subdued as U.S. data backs Fed rate stance
Gold subdued as U.S. data backs Fed rate stance
Source: Reuters
27/01/2023 9:10:31 AM
Gold dips on firm dollar as traders brace for U.S. data Gold prices eased on Thursday as the dollar firmed, while investors braced for U.S. economic data that could provide clues on the whether the Federal Reserve would further slow the pace of its interest rate hikes. Spot gold fell 0.5% to $1,936.97 per ounce by 0935 GMT, after earlier hitting its highest since April 2022 at$1,949.09. U.S. gold futures shed 0.3% to $1,937.20. The dollar index inched up, but was still near an eight-month low. [USD/] U.S. fourth-quarter GDP estimates due ...
Gold dips on firm dollar as traders brace for U.S. data
Gold dips on firm dollar as traders brace for U.S. data
Source: Reuters
26/01/2023 8:57:10 AM
Gold slides as dollar steadies, traders eye U.S. data Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures. Spot gold was down 0.6% to $1,925.02 per ounce at 1152 GMT, after hitting its highest since late April on Tuesday. U.S. gold futures dropped 0.5% to $1,926.30. The U.S. Commerce Department is expected to unveil its initial advance fourth-quarter GDP estimates on Thursday, which could set the tone ...
Gold slides as dollar steadies, traders eye U.S. data
Gold slides as dollar steadies, traders eye U.S. data
Source: Reuters
25/01/2023 6:54:11 PM
Gold scales nine-month high above $1,900/oz level Gold prices firmed above the key $1,900 level on Friday, after hitting their highest since late April after a surprise decline in U.S. consumer prices boosted bets for slower Federal Reserve interest rate hikes. Spot gold was up 0.2% at $1,900.72 per ounce, as of 1219 GMT. The metal has risen 1.9% so far in the week, heading for a fourth straight weekly gain. U.S. gold futures rose 0.3% to $1,903.50. "Should the Fed fail to hit back against market expectations that peak U.S. rat...
Gold scales nine-month high above $1,900/oz level
Gold scales nine-month high above $1,900/oz level
Source: Reuters
13/01/2023 6:21:43 PM
Gold climbs to six-month peak in thin trade ahead of Fed minutes   Gold prices hit a six-month high on Tuesday in thin trading, with the market's attention turning to minutes from the U.S. Federal Reserve's latest policy meeting due this week. Spot gold was up 0.8% at $1,838.69 per ounce as of 0257 GMT. U.S. gold futures rose 1% to $1,843.90. The dollar index slipped 0.1%, making greenback-priced bullion more attractive for overseas buyers. "We're seeing a slight bid for gold and the $1,830 level appears to be a bit of a m...
Gold climbs to six-month peak in thin trade ahead of Fed minutes
Gold climbs to six-month peak in thin trade ahead of Fed minutes
Source: Reuters
3/01/2023 9:14:12 AM
Gold sees best quarter since mid-2020 in a Fed-driven year  Gold prices were set to wrap up their best quarter since June 2020 on Friday on investor expectations the U.S. Federal Reserve will slow its interest rate hikes after a fast-paced tightening cycle tempered bullion's safe-haven rally this year. On the last trading day of 2022, spot gold rose 0.3% to $1,820.00 per ounce by 1227 GMT, while U.S. gold futures were steady at $1,826.00. Gold is expected to remain range-bound due to low market participation, and prices could rise furt...
Gold sees best quarter since mid-2020 in a Fed-driven year
Gold sees best quarter since mid-2020 in a Fed-driven year
Source: Reuters
30/12/2022 6:40:35 PM
Gold sees best quarter since mid-2020 in a Fed-driven year   Gold prices were set to wrap up their best quarter since June 2020 on investor expectations the U.S. Federal Reserve will slow its interest rate hikes after its fast-paced hiking cycle kept bullion gains in check. Bullion is only down about 0.7% so far in 2022, and has risen nearly $200 from a more than two-year low hit in September. On the last trading day of the year, spot gold had steadied at $1,816.05 per ounce by 1046 GMT, while U.S. gold futures fell 0.3% to $1,821.30. ...
Gold sees best quarter since mid-2020 in a Fed-driven year
Gold sees best quarter since mid-2020 in a Fed-driven year
Source: Reuters
30/12/2022 9:05:29 AM
Gold faces worst week in 4 as Fed hardens inflation stance Gold was set for its biggest weekly decline since mid-November despite a recovery on Friday, after the U.S. Federal Reserve indicated more interest rate hikes were needed to curb inflation. Spot gold rose 0.8% to $1,791.59 per ounce by 1:50 p.m. ET (1850 GMT), but has lost about 0.3% this week. U.S. gold futures settled 0.7% higher at $1,800.20. "A lot of traders are focusing on both the Fed and ECB, which signalled more tightening, and we've seen global bond yields rise sig...
Gold faces worst week in 4 as Fed hardens inflation stance
Gold faces worst week in 4 as Fed hardens inflation stance
Source: Reuters
17/12/2022 10:17:50 AM
Gold jumps 2% as U.S. CPI data spurs Fed slowdown bets Gold prices climbed over 2% on Tuesday to their highest levels in more than five months after data showing a smaller-than-expected rise in U.S. consumer prices cemented bets for a slowdown in rate hikes from the Federal Reserve. Spot gold was up 2.1% at $1,817.64 per ounce by 1436 GMT, hitting its highest since June 30. U.S. gold futures advanced 2.2% to $1,830.90. "Gold and silver are up significantly on safe-haven bid and also the outlook that rate hikes may be slowing," sai...
Gold jumps 2% as U.S. CPI data spurs Fed slowdown bets
Gold jumps 2% as U.S. CPI data spurs Fed slowdown bets
Source: Reuters
13/12/2022 8:44:09 PM
Gold in tight range as traders brace for Fed verdict Gold prices ticked up on Wednesday as the dollar eased but kept to a tight range as investors eyed next week's U.S. Federal Reserve meeting for confirmation on its interest rate hike trajectory. Spot gold rose 0.2% to $1,774.88 per ounce by 1316 GMT. U.S. gold futures edged up 0.2% to $1,786.60. "The key driver for gold just now is market sentiment towards the U.S. dollar and by extension that is looking to gauge both the outlook for rate increases and perhaps some sign that in...
Gold in tight range as traders brace for Fed verdict
Gold in tight range as traders brace for Fed verdict
Source: Reuters
7/12/2022 8:47:39 PM
Gold steadies as markets hunt for clear policy signals Gold prices steadied on Tuesday after shedding more than 1% in the last session as the dollar paused its rally, but stuck to a relatively tight range as traders held off for more policy signals from the Federal Reserve. Spot gold ticked 0.2% higher to $1,771.85 per ounce by 0950 GMT. U.S. gold futures edged up 0.2% to $1,784.20. Better-than-expected U.S. services industry data spooked investors on Monday, offering more evidence of underlying economic momentum and raised fears that the F...
Gold steadies as markets hunt for clear policy signals
Gold steadies as markets hunt for clear policy signals
Source: Reuters
6/12/2022 8:44:51 PM
Gold drops 1% as U.S. jobs data rekindles worries of aggressive Fed Gold prices slipped more than 1% on Friday after a robust U.S. jobs data that fanned concerns that the Federal Reserve might stick with its aggressive monetary policy tightening. Spot gold fell 1.1% to $1,783.41 per ounce by 9:21 a.m. ET (1421 GMT), after earlier hitting its highest since Aug. 10 at $1,804.46. U.S. gold futures dropped 1% to $1,797.40. Data showed U.S. employers hired more workers than expected in November and raised wages despite mounting worries of a recession. &qu...
Gold drops 1% as U.S. jobs data rekindles worries of aggressive Fed
Gold drops 1% as U.S. jobs data rekindles worries of aggressive Fed
Source: Reuters
2/12/2022 8:43:19 PM
Gold rises 1% as smaller U.S. rate-hike bets pressure dollar Gold prices extended gains for a third straight session on Thursday, as the dollar slipped after Federal Reserve Chair Jerome Powell said the U.S. central bank might scale back the pace of its interest rate hikes as soon as December. Spot gold gained 8.3% in November, ending its seven-month losing streak, as investors cheered Powell's comments at the Brookings Institution. Lower rates tend to boost the appeal of non-yielding gold. But Powell also cautioned that the fight against ...
Gold rises 1% as smaller U.S. rate-hike bets pressure dollar
Gold rises 1% as smaller U.S. rate-hike bets pressure dollar
Source: Reuters
1/12/2022 8:49:08 PM
Gold gains as smaller U.S. rate-hike prospects pressure dollar Gold prices extended gains for a third straight session on Thursday, as the dollar slipped after Federal Reserve Chair Jerome Powell said the U.S. central bank might scale back the pace of its interest rate hikes as soon as December. Spot gold gained 8.3% in November, ending its seven-month losing streak, as investors cheered Powell's comments at the Brookings Institution. Lower rates tend to boost the appeal of non-yielding gold. But Powell also cautioned that the fight against ...
Gold gains as smaller U.S. rate-hike prospects pressure dollar
Gold gains as smaller U.S. rate-hike prospects pressure dollar
Source: Reuters
1/12/2022 9:17:37 AM
Gold subdued as traders strap in for Fed minutes Gold edged lower on Wednesday with most investors on the sidelines ahead of minutes from the U.S. Federal Reserve's November policy meeting that could offer hints on its tightening path. Spot gold was 0.2% lower at $1,736.65 per ounce by 1300 GMT, while U.S. gold futures eased 0.1% to $1,737.50. "There's a general lack of interest really, ahead of the release of tonight's Fed minutes. There's nothing significant acting as a driver for the gold price," said Mich...
Gold subdued as traders strap in for Fed minutes
Gold subdued as traders strap in for Fed minutes
Source: Reuters
23/11/2022 8:47:44 PM
Gold slips to over 1-week low as Fed policy clouds outlook Gold prices fell for a fourth straight session on Monday due to a stronger dollar, with the U.S. Federal Reserve's monetary policy stance clouding the outlook for non-yielding bullion. Spot gold was down 0.4% at $1,742.84 per ounce as of 1317 GMT, after earlier hitting its lowest level since Nov. 10 at $1,735.90. U.S. gold futures shed 0.6% to $1,743.30. "We've had several senior Fed officials... saying that the rate hiking cycle still has a way to go... that is offering su...
Gold slips to over 1-week low as Fed policy clouds outlook
Gold slips to over 1-week low as Fed policy clouds outlook
Source: Reuters
21/11/2022 8:23:06 PM
Gold ticks up, but still bound for weekly dip on hawkish Fed tilt Gold steadied on Friday as the dollar eased, but was still bound for a weekly dip following indications from U.S. Federal Reserve officials that more interest rate hikes were in the offing. Spot gold was little changed at $1,760.98 per ounce by 1157 GMT, set for a weekly decline of about 0.5%. U.S. gold futures fell 0.1% to $1,762.20. The gold market seems to be weighing up two different things at the moment, said Craig Erlam, senior market analyst at OANDA. On one hand is U.S. econo...
Gold ticks up, but still bound for weekly dip on hawkish Fed tilt
Gold ticks up, but still bound for weekly dip on hawkish Fed tilt
Source: Reuters
18/11/2022 8:42:51 PM
Gold firms on softer dollar, jitters over projectile strike off Oman cost Gold edged higher on Wednesday as the dollar eased, while reports of a tanker being hit by a projectile off the coast of Oman also boosted the safe-haven metal's appeal. Spot gold was up 0.2% at $1,782.28 per ounce by 1226 GMT, while U.S. gold futures gained 0.5% to $1,785. The U.S. Navy's Fifth Fleet said it was aware of an incident in the Gulf of Oman involving a commercial vessel. Gold rose as the news broke, but more clarity on the incident would be needed for further imp...
Gold firms on softer dollar, jitters over projectile strike off Oman cost
Gold firms on softer dollar, jitters over projectile strike off Oman cost
Source: Reuters
16/11/2022 8:51:09 PM
Gold hits 3-month high as Fed remarks weigh on dollar Gold prices scaled a three-month peak on Tuesday, as the dollar pulled back after U.S. Federal Reserve officials signalled a slower pace of interest rate hikes. Spot gold was up 0.2% at $1,775.20 per ounce by 1149 GMT, after hitting its highest since Aug. 15 earlier. U.S. gold futures rose 0.1% to $1,778.70. "The metal may resume drawing strength from a weaker dollar and subdued Treasury yields ahead of another busy week for financial markets", especially given how the dollar ...
Gold hits 3-month high as Fed remarks weigh on dollar
Gold hits 3-month high as Fed remarks weigh on dollar
Source: Reuters
15/11/2022 8:47:01 PM
Gold heads for best week in over 2 years on smaller rate hike hopes Gold prices were headed for their best week in more than two years after extending gains on Friday as signs of cooling inflation raised hopes that the Federal Reserve might temper its hawkish policy. Spot gold was up 0.2% at $1,758.30 per ounce by 1244 GMT, after rallying more than 2% on Thursday as data showed U.S. consumer prices rose less than expected in October. U.S. gold futures gained 0.4% to $1,761.40. "Yesterday's weaker than expected CPI number has shifted the narrati...
Gold heads for best week in over 2 years on smaller rate hike hopes
Gold heads for best week in over 2 years on smaller rate hike hopes
Source: Reuters
11/11/2022 8:49:56 PM
Gold dips 1% as hawkish U.S. Fed lifts dollar, yields Gold prices fell to a more than one-month low on Thursday as the dollar and U.S. Treasury yields jumped after hawkish remarks from Federal Reserve Chair Jerome Powell on interest rate hikes dented the non-yielding metal's appeal. Spot gold fell 0.7% to $1,623.08 per ounce by 10:18 p.m. ET (1418 GMT) after hitting its lowest since Sept. 28 earlier. U.S. gold futures dropped 1.6% to $1,624.30. "The reality is that people were expecting some dovish tilt (from the Fed), there was n...
Gold dips 1% as hawkish U.S. Fed lifts dollar, yields
Gold dips 1% as hawkish U.S. Fed lifts dollar, yields
Source: Reuters
3/11/2022 8:47:13 PM
Hawkish Fed, dollar puts gold on track for longest monthly losing spree Gold edged lower on Monday and was heading for its longest streak of monthly losses on record as a stronger dollar, elevated U.S. bond yields and prospects for more rate hikes from the Federal Reserve dented the non-yielding metal's appeal. Spot gold slipped 0.1% to $1,640.81 per ounce by 10:48 a.m. ET (1448 GMT), and was down about 1.1% so far in the month. U.S. gold futures fell 0.2% to $1,642.10. A combination of pressure from the expected rate hikes, the relative strength of the...
Hawkish Fed, dollar puts gold on track for longest monthly losing spree
Hawkish Fed, dollar puts gold on track for longest monthly losing spree
Source: Reuters
31/10/2022 8:49:39 PM
Gold falls on stronger dollar as Fed meeting looms Gold fell nearly 1% on Friday as the dollar rose, with zero-yield bullion giving up gains from bets for a slowdown in monetary tightening later in the year as immediate focus turned to an impending rate hike next week. Spot gold was down 0.8% to $1,649.18 per ounce by 1218 GMT, while U.S. gold futures also dropped 0.8% to $1,653.10. The dollar index rose 0.2%, eroding the appeal of rival safe-haven gold, while also making it more expensive for overseas buyers. Gold could see some cor...
Gold falls on stronger dollar as Fed meeting looms
Gold falls on stronger dollar as Fed meeting looms
Source: Reuters
28/10/2022 7:50:37 PM
Gold scales 2-week peak as dollar, yields slip on Fed relief hopes Gold prices rose to a two-week high on Wednesday as the dollar and U.S. bond yields slipped on expectations that the Federal Reserve would temper its aggressive rate-hike stance from December. Spot gold rose 1% to $1,669.22 per ounce by 10:22 a.m. ET (1422 GMT), after touching its highest since Oct. 13. U.S. gold futures were also up 1% at $1,673.80. "Over the course of the last couple sessions, we've seen yields drop, the dollar come down and as a result, we've seen a r...
Gold scales 2-week peak as dollar, yields slip on Fed relief hopes
Gold scales 2-week peak as dollar, yields slip on Fed relief hopes
Source: Reuters
26/10/2022 8:46:34 PM
Gold at three-week lows as dollar, bond yields stay elevated Gold prices lingered at a three-week trough on Thursday, pressured by rising U.S. dollar and Treasury yields amid worries that the Federal Reserve will persist with sharp rate hikes. FUNDAMENTALS * Spot gold inched down 0.1% to $1,627.04 per ounce, as of 0049 GMT. Prices earlier hit their lowest level since Sept. 28 at $1,624.98. * U.S. gold futures were down 0.1% at $1,632.60. * The dollar index held steady, having risen 0.8% on Wednesday, while the benchmark 10-year Treasury yie...
Gold at three-week lows as dollar, bond yields stay elevated
Gold at three-week lows as dollar, bond yields stay elevated
Source: Reuters
20/10/2022 9:02:38 AM
Robust dollar, yields drive gold to 3-week low Gold prices dropped to a three-week low on Wednesday, hit by rallying U.S. dollar and Treasury yields, and as investors fretted over prospects of aggressive rate hikes from the U.S. Federal Reserve. Spot gold dipped 1.1% to $1,633.51 per ounce by 9:59 a.m. ET (1359 GMT), after touching its lowest since Sept. 28 earlier in the session. U.S. gold futures were 1.1% lower at $1,637.70. "The market continues to be quite worried about aggressive Federal Reserve monetary tightening,&qu...
Robust dollar, yields drive gold to 3-week low
Robust dollar, yields drive gold to 3-week low
Source: Reuters
19/10/2022 8:55:15 PM
Gold slides as US inflation data fuels rate-hike fears Gold prices dropped more than 1% on Thursday to a two-week low after data showing higher-than-expected U.S. inflation numbers in September cemented market expectations the Federal Reserve will stick to its policy of aggressive interest rate hikes. Spot gold dropped 1.5% to $1,647.80 per ounce by 1319 GMT. U.S. gold futures lost 1.4% to $1,6544.50. The U.S. consumer price index (CPI) rose 0.4% last month after gaining 0.1% in August, the Labor Department said. In the 12 months through Se...
Gold slides as US inflation data fuels rate-hike fears
Gold slides as US inflation data fuels rate-hike fears
Source: Reuters
13/10/2022 8:45:59 PM
Gold in tight range as investors brace for U.S. inflation data Gold prices flitted in a tight range on Thursday as market participants maintained a cautious stance ahead of a key U.S. inflation reading that could influence the size of the Federal Reserve's next interest rate hike. Spot gold held its ground at $1,670.20 per ounce, as of 0239 GMT. U.S. gold futures dipped 0.1% to $1,676.50. Although traditionally considered an inflation hedge, rising interest rates to combat high prices have reduced bullion's appeal since the metal yields no ...
Gold in tight range as investors brace for U.S. inflation data
Gold in tight range as investors brace for U.S. inflation data
Source: Reuters
13/10/2022 9:16:17 AM
India raises import duty on platinum to 15.4% MUMBAI (Reuters) - India has raised total import duty on platinum to 15.4% from 10.75%, the government said in a notification on Monday, seeking to bring parity in import duty structure between gold and platinum. In July, New Delhi raised import duty on gold to 15% but then kept the tax on platinum imports unchanged at 10.75%. India's platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but r...
India raises import duty on platinum to 15.4%
India raises import duty on platinum to 15.4%
Source: Reuters
3/10/2022 8:55:25 PM
India`s platinum imports jump to record high as refiners take advantage of tax change India's platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters. Such masking was possible due to what a tax official said was a loophole created by a change in policy in July whereby differential import duties were levied on gold, silver and platinum, distinct f...
India`s platinum imports jump to record high as refiners take advantage of tax change
India`s platinum imports jump to record high as refiners take advantage of tax change
Source: Accord Fintech
3/10/2022 4:19:10 PM
Bargain hunters bolster gold as rate hike headwinds persist Gold bounced back on Wednesday helped by the dollar's slight retreat from a two-decade high and as bargain hunters took advantage of recent losses, but the precious metal's outlook was still clouded by prospects of aggressive rate hikes. Spot gold rose 0.9% to $1,716.59 per ounce by 2:02 p.m. ET (1801 GMT). U.S. gold futures settled 0.9% higher at $1,727.80. The dollar index hit a fresh 20-year high, making greenback-priced gold less attractive for overseas buyers. But a slight ...
Bargain hunters bolster gold as rate hike headwinds persist
Bargain hunters bolster gold as rate hike headwinds persist
Source: Reuters
8/09/2022 9:06:15 AM