Oil prices ticked lower on Thursday, giving up some of the last session’s gains although a decline in U.S. Gulf of Mexico output following Hurricane Ida provided a floor under the market. Brent was down 18 cents, or 0.25% to $72.42 a barrel at 0107 GMT and West Texas Intermediate (WTI) crude gave up 17 Read More
The market perceived the Fed statement a few weeks ago as dovish, and last Friday’s jobs report, which was disappointing, reinforced that. As a result, the previously oversold precious metals sector is rallying. The charts show there are clear rally targets. Let’s start with GDXJ, the best proxy for most who invest in the sector. Read More
Gold prices firmed on Tuesday, propped up by a softer dollar and prospects of the U.S. Federal Reserve delaying a tapering in its pandemic-era bond purchases. Fundamentals Spot gold rose 0.2% to $1,826.75 per ounce by 0108 GMT. Prices had hit a 2-1/2-month high last week following a disappointing U.S. non-farm payrolls data. A strong 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 rose on Friday after the dollar weakened, with investors awaiting the U.S. jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases, although for the week, the metal was headed for its first decline in four. Spot gold rose 0.2% to $1,813.15 per ounce by 0327 GMT, and was down Read More
Gold prices held steady on September 2 ahead of the US non-farm payrolls data that is crucial to the Federal Reserve’s tapering plan, even as a private payrolls report missed expectations. On the Multi-Commodity Exchange (MCX), October gold contracts were trading marginally in the green, up 0.03 percent at Rs 47,080 for 10 grams at Read More
Gold prices were little changed on Wednesday as investors awaited a key U.S. jobs report for clues on when the Federal Reserve might start reducing its pandemic-era stimulus measures. Spot gold was steady at $1,814.01 per ounce by 0343 GMT, while U.S. gold futures eased 0.1% to $1,816.00. The dollar index clawed 0.1% higher, but Read More
Gold prices slipped, after touching a near a four-week high earlier on Monday, as the dollar ticked up from its lows and investors showed caution in the run-up to the release of a key U.S. jobs report later in the week. Spot gold fell 0.4% to $1,808.67 per ounce by 1:33 p.m. ET after touching Read More
Gold prices were steady on Friday, as investors awaited Fed chief Jerome Powell’s speech later in the day at the Jackson Hole symposium after some U.S. central bank officials called for paring bond purchases. Fundamentals Spot gold rose 0.1% to $1,793.68 per ounce by 0104 GMT. U.S. gold futures rose 0.1% to $1,796.70. The dollar Read More
Gold extended losses into a third day on Thursday as the dollar and U.S. Treasury yields gained, and many investors held back, awaiting the next day’s speech from the Fed Chair at Jackson Hole for clues on a strategy for tapering economic support. Spot gold fell 0.3% to $1,784.86 per ounce by 5:13 a.m. ET Read More
Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak. U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.4%, to $67.29 a barrel by 0151 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
Gold prices eased on Thursday as a stronger dollar and bets over an early policy tapering by the U.S. Federal Reserve weighed on sentiment, although losses for the safe-haven metal were limited by concerns that rising COVID-19 cases will slow global growth. Spot gold fell 0.5% to $1,778.65 per ounce by 2:21 p.m. EDT. U.S. Read More
Gold prices declined by Rs 307 to Rs 47,276 per 10 gram in the Mumbai retail market on the firm rupee and muted global cues. The yellow metal traded in a narrow range as investors await FOMC meeting minutes later in the day. The price of 10 gram, 22-carat gold in Mumbai was Rs 43,305 Read More
Natural gas futures fell on August 18 as participants raised their short bets as seen by the open interest. The gas price had tumbled 2.76 percent yesterday on the NYMEX. The energy commodity extended decline after a flat to gap-up start in the afternoon, tracking the weak overseas cues. On the MCX, natural gas delivery Read More
Natural gas futures plunged on August 17 as participants trimmed their positions as seen by the open interest. The gas price had soared 2.2 percent yesterday on the NYMEX. The energy commodity extended fall in the afternoon session after a gap-down start, tracking the subdued global trend. On the MCX, natural gas delivery for August 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 fell as much as 4.4% to a more than four-month low on Monday as robust U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest bearing bullion. Spot gold was down 1.4% at $1,738.53 per ounce by 0406 GMT, paring earlier losses. Prices touched Read More
