Commodity News

Gold prices edged up on Thursday as the dollar eased slightly, but comments from U.S. Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering weighed on the metal and kept it well below the key $1,800 mark. Spot gold rose 0.2% to $1,792.05 per ounce by 0137 GMT, after slipping to its lowest Read More

Gold prices stabilized on Monday after hitting their lowest in nearly two weeks, as a retreating dollar lent some support to the metal. Fundamentals Spot gold was little changed at $1,845.48 per ounce by 0055 GMT. U.S. gold futures fell 0.3% to $1,846.80. The dollar index fell 0.1%, retreating from Friday’s high. A weaker dollar Read More

Gold prices bounced on Wednesday as inflation worries pushed investors to the safe-haven metal, unfazed by the dollar’s strength which was fuelled by bets for early interest hikes by the U.S. Federal Reserve. Spot gold rose 0.9% to $1,866.83 per ounce by 12:46 p.m. ET (1746 GMT), having dropped in the previous two sessions after Read More

Gold prices inched higher on Wednesday but hovered around a recent low, after a jump in U.S. retail sales kept the dollar close to a 16-month high. Spot gold rose 0.2% to $1,854.39 per ounce by 0207 GMT, but the metal was still only about $6 shy off its lowest level since last Friday hit Read More

old prices inched up on Thursday, extending gains into a third session as a softer dollar made the metal cheaper for buyers holding other currencies. Fundamentals Spot gold rose 0.2% to $1,784.96 per ounce by 0146 GMT. U.S. gold futures were little changed at $1,784.60. Bullion prices have traded between $1,759 and $1,788 this week. Read More

Gold fell on Wednesday, holding below the key technical $1,750 level, as Treasury yields and the dollar gained in the run-up to Friday’s U.S. labor market report that could influence the Federal Reserve’s tapering schedule. Fundamentals Spot gold fell 0.7% to $1,747.61 per ounce by 0923 GMT, while U.S. gold futures shed 0.8% to $1,747.50. Investors flocked to Read More

Gold prices inched up on Thursday but hovered near a seven-week low, constrained by a strong dollar and expectations of the U.S. Federal Reserve winding down stimulus measures soon. Fundamentals Spot gold was up 0.2% at $1,729.83 per ounce by 0054 GMT. Prices fell to their lowest level since Aug. 9 at $1,720.49 on Wednesday. U.S. gold futures were up 0.4% Read More

Gold prices were flat near a seven-week low on Wednesday, pressured by a rise in the dollar and U.S. Treasury yields on growing expectations of an earlier-than-anticipated interest rate liftoff. Fundamentals Spot gold was flat at $1,735.17 per ounce by 0123 GMT. On Tuesday prices fell to their lowest level since Aug. 11 to $1,726.19. Read More

McxLive Chart as on 15 Sept 2021

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

Mcxlive Chart Chart as on 03 Sept 2021

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

Mcx Chart as on 10 Aug 2021

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

MCX Chart as on 26 July 2021

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 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