Gold price trades with a mild positive bias
Gold price edges higher on Wednesday amid the softer USD. The growth in gold demand and geopolitical tensions lift the price of precious metals. The US CPI and PPI data on Wednesday could offer some hints about the Feds monetary policy path...
Gold rallies on haven appeal and expectations of lower inter
Gold rallies as investors turn to safety amid worsening geopolitical tensions. Weak US labor market data reignites speculation of early Fed rate cuts further driving Gold higher. Gold price enters a short-term uptrend with the bias favoring...
India Gold price today: Gold gains, according to MCX data
Gold prices rose in India on Friday, according to data from Indias Multi Commodity Exchange (MCX). Gold price stood at 72,116 Indian Rupees (INR) per 10 grams, up INR 205 compared with the INR 71,911 it cost on Thursday. As for futures cont...
Gold price shines amid fears of fresh escalation in Middle E
Gold price exhibits strength as geopolitical tensions keep safe-have demand firm. The US Dollar corrects amid fears that inflation will remain stubborn in other developed nations. Fed Mester is confident about policy normalisation but cauti...
Gold price drops as traders pare Fed rate cut prospects
Gold price faces pressure while investors see the Fed keeping interest rates at current levels until the third quarter of this year. US core inflation has come in higher than expected for three months in a row. Increasing geopolitical tensi...
Gold retreats as US CPI data diminishes Fed rate cut hopes
Gold drops as US inflation data complicates Fed rate cut intentions. Investors rethink Feds monetary approach amid persistent inflation as they now expect two rate cuts in 2024. US real yields rise above 2%, challenging Gold post-CPI releas...