Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve’s tapering timeline. Spot gold was down 0.2% at $1,800.38 per ounce, but slightly off a one-week peak of $1,808.50 hit on Tuesday, in part because the dollar recovered some ground Read More
Gold prices edged lower on Tuesday as a stronger dollar crimped bullion’s appeal ahead of U.S. inflation data that could offer cues on the possible timeline for the Federal Reserve’s tapering. Fundamentals Spot gold fell 0.2% to $1,790.74 per ounce by 0138 GMT. U.S. gold futures eased 0.1% to $1,792.10. The dollar index was steady Read More
Gold prices hovered on Monday below a 2-1/2-month peak after a disappointing U.S. jobs data signaled that the Federal Reserve could push back the timeline for tapering stimulus measures, bolstering bullion’s appeal as an inflation hedge. Fundamentals Spot gold was steady at $1,826.65 per ounce, as of 0048 GMT. In the previous session, prices hit Read More
Gold prices fell slightly on Tuesday, although they hovered above the key psychological level of $1,800 on expectations that the U.S. Federal Reserve might delay cutting back its stimulus amid rising cases of the delta coronavirus variant. Fundamentals Spot gold eased 0.2% to $1,801.78 per ounce by 0100 GMT, having jumped about 1.4% in the Read More
Silver prices were lowered on August 16 as industrial metals remain under pressure on weak economic data from China and strength in the US dollar. The precious metal had fallen 2.71 percent last week on the MCX. The white metal extended decline after a gap-down start in the afternoon session, tracking the weak global cues. Read More
Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. Brent crude futures edged higher by 5 cents to $71.49 a barrel by 0216 GMT while U.S. Read More
Gold on Tuesday rebounded from sharp sell-offs in the last two sessions as a dollar rally cooled, although fears of a sooner-than-expected U.S. interest rate hike capped further gains. Spot gold was up 0.4% at $1,736.65 per ounce by 659 GMT, while U.S. gold futures rose 0.6% to $1,737.10. “We are seeing some short-covering taking Read More
Gold prices inched higher on Monday, supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee’s meeting this week. Spot gold rose 0.3% to $1,806.32 per ounce by 0343 GMT. U.S. gold futures climbed 0.3% to $1,806.30. ”There is no guarantee we have Read More
Gold prices steadied on Friday after hitting a more than one-week low in the previous session, as a retreat in U.S. bond yields and weak economic data countered a stronger dollar. Fundamentals Spot gold was flat at $1,806.08 per ounce, as of 0047 GMT, after hitting its lowest since July 12 at $1,791.16 on Thursday. Read More
Crude oil prices were steady after a sharp selloff on July 19 over concerns of lower demand due to rising cases of coronavirus Delta variant and OPEC+ agreement to boost supply in coming months. The prices were pressured by a stronger dollar, selloff in equity markets and increased US-China tensions. Crude prices have tumbled Rs Read More
Gold prices rose on Tuesday, supported by a drop in U.S. bond yields and concerns over a relentless surge in Delta variant infections, although a stronger dollar kept bullion’s gains in check. Spot gold was up 0.3% at $1,817.27 per ounce by 0311 GMT, after hitting a one-week low of $1,794.06 in the previous session. Read More
Natural gas futures declined on July 16 as US inventory buildup was higher than expected as reported by EIA. The gas prices had fallen 0.6 percent yesterday on the NYMEX. The energy commodity traded in the red after a gap-down start, tracking the muted global cues. On the MCX, natural gas delivery for July slipped Read More
Gold was little changed on Tuesday as a firmer dollar offset support from bets that the Federal Reserve was unlikely to respond with immediate monetary tightening after U.S. consumer prices rose by the most in 13 years last month. Spot gold was steady at $1,806.64 per ounce by 2:11 p.m. ET. U.S. gold futures settled Read More
Silver prices were marginally lower on July 13 tracking the subdued global trend, and a firm dollar ahead of US CPI data to be released later in the day. The precious metal had posted modest gains of 0.18 percent yesterday on the COMEX. The white metal turns negative after a gap-up start tracking in the Read More
The white metal traded in the negative territory after a gap-down start tracking muted overseas cues. The semi-precious metal has been trading higher than 20, 100 and 200 days’ simple moving averages but lower than 5 and 50 days’ moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 46.43, Read More
Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant of COVID-19 and a drop in U.S. Treasury yields lifted the safe-haven metal’s demand. Spot gold rose 0.2% to $1,805.39 per ounce, by 0312 GMT. For the week so far, it is up more Read More
Oil prices fell more than $1 a barrel on July 7 in another seesaw trading session, as investors feared this week’s collapse in OPEC+ talks could mean more supply, not less, is on the way. Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Read More
Gold prices held firm near the key $1,800/ounce psychological level on Wednesday, helped by a drop in U.S. Treasury yields, while investors awaited minutes from the Federal Reserve’s June meeting for more clues on its policy outlook. Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since Read More
Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies, while investors awaited minutes from the U.S. Federal Reserve for clarity on monetary policy. Spot gold was up 0.4% at $1,798.46 per ounce, as of 0315 GMT, its highest Read More
Silver prices climbed for the fourth successive day on July 5 on dollar weakness and firm gold and industrial metal prices. The precious metal had risen Rs 2,407 or 3.55 percent last week on the MCX. The white metal traded in the positive territory after a gap-up start tracking the firm global trend. The semi-precious Read More
