Thursday, November 30, 2023
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Gold firms on dollar pullback, rate-hike jitters cap gains

Gold firms on dollar pullback, rate-hike jitters cap gains

[ad_1] Gold prices rose on Tuesday as the dollar's rally paused, but prices held close to a 2-1/2-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell soaring inflation. FUNDAMENTALS * Spot gold gained 0.6% at $1,631.89 per ounce, as of 0103 GMT. Prices

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Gold rate today: Yellow metal remains below Rs 50,000; silver further loses sheen

Gold rate today: Yellow metal remains below Rs 50,000; silver further loses sheen

[ad_1] NEW DELHI: Gold prices continued to bleed on Friday tracking the trend in global markets. Prospects of aggressive rate hikes by the US Federal Reserve lifted bond yields and took the shine off bullion. Markets are pricing in a 75-basis-point rate hike by the US central bank. Gold futures on

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Yellow metal breaches Rs 50,000; silver continues to fall

Yellow metal breaches Rs 50,000; silver continues to fall

[ad_1] NEW DELHI: Gold prices slipped sharply on Thursday as the strong US dollar weighed on the sentiment. Expectations of another big rate hike from the US Federal Reserve further dented the yellow metal. The dollar index edged towards recent peaks as hotter-than-expected inflation data boosted bets for even more aggressive

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Gold rate today: Yellow metal falls after hitting Rs 52,000; silver shines

Gold rate today: Yellow metal falls after hitting Rs 52,000; silver shines

[ad_1] NEW DELHI: Gold prices remained subdued on Friday as investors adopted a cautious stance ahead of US Federal Reserve Chair Jerome Powell's speech at Jackson Hole. The key central bankers' conference which will be watched for guidance on future interest rate hikes. The dollar index hovered near one-month highs, while

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Gold falls Rs 315; silver declines Rs 635

Gold falls Rs 315; silver declines Rs 635

[ad_1] Gold price fell by Rs 315 to Rs 51,679 per 10 gram in the national capital on Monday amid a decline in international precious metal rates, according to Securities. The yellow metal had closed at Rs 51,994 per 10 gram in the previous trade. Silver also declined by

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