Gold prices remained largely steady on Friday, after falling more than 1% in the previous session, as investors remained on the sidelines assessing the impact of a widening conflict in the Middle East on the global economy. RAW MATERIALS Spot gold held steady at $5,076.09 an ounce as of 01:16 GMT. US. Gold futures for […]
Gold and silver traders can expect some fireworks on Monday after Israel launched a pre-emptive strike on Iran on Saturday with the help of the United States, plunging the Middle East into a new bout of military confrontation.The strike is expected to further dim hopes for a diplomatic solution to Tehran’s long-running nuclear dispute with […]
Gold prices remained largely steady on Friday, with investors digesting the previous day’s nuclear talks between the US and Iran, while the dollar, hovering near a three-week high, put pressure on the yellow metal. RAW MATERIALS Spot gold was steady at $5,187.39 an ounce by 0146 GMT. Bullion hit a more than three-week high on […]
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Gold prices fell slightly on Friday as investors assessed the US Supreme Court ruling that overturned President Donald Trump’s broad tariff plan, although the safe metal was still supported by weaker-than-expected US GDP data.Spot gold rose 0.5% to $5,025.19 an ounce at 10:35 a.m. (1535 GMT), after rising as much as $5,063.49 earlier in the […]
Indian stock benchmarks recovered from early losses to post gains late Friday as investors balanced optimism ahead of the release of the US-India trade deal against nervousness in the global technology basket. The NSE Nifty added 0.2% to end at 25,693.7, while the BSE Sensex rose 0.3% to 83,580.40. Both gauges ended the six-session trading […]
Gold and silver prices have experienced one of the cruelest corrections in decades. After reaching an all-time high of almost US$5,600 per ounce in the last week of January, the gold price made a dramatic U-turn on January 30, falling to a low of US$4,400 in early morning trading on Monday (February 2). That is […]
After a brutal sell-off on January 30 that sent silver plunging 27% (over Rs 1 lakh in one session, the steepest MCX fall ever) and pushed gold to its sharpest single-day decline in 13 years with a 12% decline, investors are now grappling with shaken sentiment and looking for the next direction. The Multi Commodity […]
The precious metals market has entered an extraordinary phase where long-held assumptions about price ceilings and market behavior are being debunked. Gold rising past $5,600 per ounce on the London spot market and silver crossing the $119 mark represent milestones that few thought possible in the short term. Strong resistance well below these levels was […]
Gold prices fell on Friday under pressure from a firmer dollar but were poised to post their biggest monthly gain since 1980 as investors piled into the safe metal amid lingering geopolitical and economic uncertainties. RAW MATERIALS * Spot gold fell 0.9% to $5,346.42 an ounce as of 0124 GMT, after hitting a record high […]