MCX Live News

Gold eased on Monday as sentiment for riskier assets improved and the dollar advanced, with moves limited by overall uncertainty over the Omicron coronavirus variant ahead of this week’s U.S. inflation numbers. Spot gold fell 0.2% to $1,780.95 an ounce by 1113 GMT, while U.S. gold futures dropped 0.1% to $1,781.90. The dollar firmed, making Read More

Gold prices held steady on Monday as market participants weighed the prospect of a faster ending to pandemic-era asset purchases by the U.S. Federal Reserve after data suggested the labour market was rapidly tightening. Spot gold was little changed at $1,783.91 per ounce by 0038 GMT. U.S. gold futures rose 0.1% to $1,785.00. The dollar Read More

Gold prices eased on Thursday as investors bet the U.S. Federal Reserve would taper its bond purchases faster to tackle surging inflation despite economic recovery concerns amid the new Omicron coronavirus variant. Spot gold fell 0.3% to $1,777.87 per ounce by 0639 GMT. U.S. gold futures dropped 0.3% to $1,778.10. In congressional testimony on Wednesday, Fed Chair Jerome Read More

Gold prices eased on Thursday as investors bet the U.S. Federal Reserve would taper its bond purchases faster to tackle surging inflation despite economic recovery concerns amid the new Omicron coronavirus variant. Spot gold fell 0.3% to $1,777.87 per ounce by 0639 GMT. U.S. gold futures dropped 0.3% to $1,778.10. In congressional testimony on Wednesday, Fed Chair Jerome Read More

Gold prices rose on Tuesday after Moderna’s chief warned that Covid-19 vaccines are unlikely to be as effective against the Omicron variant as they have been against the Delta version. Spot gold rose 0.3% to $1,790.92 per ounce by 0728 GMT. U.S. gold futures increased 0.4% to $1,792.90. The Moderna chief’s comments rattled financial markets, Read More

Gold was set on Friday for its worst week in five months, as bullion prices were hammered by increasing bets that the U.S. Federal Reserve would accelerate the pace of stimulus tapering and raise interest rates sooner to curb rising inflation. Fundamentals Spot gold rose 0.2% to $1,792.62 per ounce by 0051 GMT. U.S. gold Read More

Mcxlive Chart as on 16 Nov 2021

Gold prices pulled back after a seven-day rally on Monday after U.S. bond yields ticked up, although prices hovered around the five-month highs touched recently underpinned by inflation worries. Spot gold fell 0.3% to $1,858.70 per ounce by 10:02 a.m. ET (1502 GMT), after touching its highest since mid-June at $1,870.04. U.S. gold futures eased Read More

Gold was flat on Friday but was set for its biggest weekly jump in six months, as high U.S. consumer prices drove interest in the metal as an inflation hedge. Fundamentals Spot gold was steady at $1,860.81 per ounce by 0110 GMT, after leaping to a five-month peak on Wednesday. U.S. gold futures edged down 0.1% to $1,862.20. Read More

mcx Chart as on 11 Nov 2021

Gold prices eased on Wednesday as the dollar firmed, with investors looking forward to key U.S. inflation data that could have a bearing on the Federal Reserve’s next policy move. Spot gold fell 0.4% to $1,824.90 per ounce by 0535 GMT, after recording its highest since Sept. 3 in the previous session. U.S. gold futures eased Read More

Gold prices eased on Wednesday, ahead of a crucial Federal Reserve decision, as investors await cues on the U.S. central bank’s plan to taper its pandemic-induced stimulus amid signs of rising inflation. Spot gold fell 0.4% to $1,780.60 per ounce by 0937 GMT. U.S. gold futures for December delivery slipped 0.4% to $1,782.10 per ounce. Read More

Gold prices were subdued on Tuesday ahead of a crucial U.S. Federal Reserve meeting that could offer cues on future interest rate hikes amid rising inflationary pressures. Fundamentals Spot gold edged down 0.04% to $1,792.25 per ounce by 1037 GMT. U.S. gold futures for December delivery dipped 0.04% to $1,795.00 per ounce. “The theme of Read More

The U.S. dollar lost value against major currencies on Wednesday as the Bank of Canada started off a series of awaited central bank policy comments with a hawkish tone. The moves broke a calm that had settled over the currency markets this week and took the U.S. dollar index down 0.2% to 93.759. The greenback Read More

Gold prices fell as much as 1.5% on Tuesday, snapping a five-session long streak of gains, as the dollar firmed and strong company earnings bolstered appetite for riskier assets. Fundamentals Spot gold was down 0.9% at $1,790.54 per ounce by 01:46 p.m. EDT. U.S. gold futures for December delivery settled down 0.7% to $1,793.40 per Read More