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...
Gold price surges over 1% on Powell’s dovish guidance
Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar Index (DXY) falls 0.82% to 100.68, as Powells remarks push traders to bet on a 50 bps rate...
Gold downside risks are more potent – TDS
A period of high deficits, slowing growth, sticky inflation, currency devaluation and an imminent cutting cycle has already attracted capital towardsGolds warm embrace, TDS Senior Commodity Strategist Daniel Ghali notes. Bullish narratives...
Gold extends shallow pullback ahead of key data releases
Gold takes a pause in its rally ahead of key data and speeches at the Jackson Hole central banker symposium. Weak US data signals an imminent fall in US interest rates and continues to be broadly supportive of Gold. Technically, XAU/USD sti...
Gold price consolidates in a range around $2,500
Gold price remains confined in a range as bulls await more cues about the Feds rate-cut path. Dovish Fed expectations drag the USD to a multi-month low and lend support to the XAU/USD. Hopes for a ceasefire deal in Gaza remain supportive of...