Gold slides on reduced haven demand, better US data
Gold edges lower as a result of easing hostilities in the Middle East and better-than-expected US economic data. US Durable Goods Orders smashed estimates on Monday, dispelling some of the pessimism around the US economy. Despite risk of a...
Chances of correction in Gold prices increase – TDS
The Fed is in all likelihood going to cut rates in the next few weeks andeveryone knows it, TDS Senior Commodity Strategist Daniel Ghali notes. This scenario is favoring Gold, but chances of a correction are increasing day by day, he says....
Gold price trading close to its all-time high – Commerzbank
Following Fed Chairman Powells speech on Friday, Gold once again rose above the $2,500 per troy ounce mark. Supported by the deteriorating situation in the Middle East over the weekend, the price on Monday was close to the all-time high set...
Gold extends rally as geopolitical risks boost haven demand
Gold extends its rally from Fed Chair Powells speech on Friday as Middle East tensions ratcheted up over the weekend. The precious metal was already rallying after the Fed chairs speech signaled the beginning of a lower interest-rate regime...
India Gold price today: Gold steadies
Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 6,745.44 Indian Rupees (INR) per gram, broadly stable compared with the INR 6,747.60 it cost on Monday. The pric...
Macro funds have already caught the Gold bug – TDS
Global markets are pricing a fast return to normalization,a cutting cycle steep enough that it has few historical analogies outside of a recession, TDS Senior Commodity StrategistDaniel Ghali notes. Markets price quick interest-rate cuts Wh...