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Gold prices fell on Wednesday, December 31, with MCX gold futures falling by Rs 1,140 or 0.8% from their previous close of Rs 1,36,666 to hit an intraday low of Rs 1,35,526. The decline followed a period of sharp volatility caused by heightened geopolitical tensions, which had pushed prices up significantly earlier this week.On the […]
Major U.S. stock indexes closed around record highs on Friday, little changed since the start of a quiet post-Christmas trading session, as expectations of Federal Reserve rate cuts and the appeal of safe-haven assets pushed precious metals prices to record highs. Holidays kept markets closed in Australia, Hong Kong and most of Europe, but those […]
Gold will replace the US dollar as a central bank reserve, ending its hegemony and leading to a dollar crash against fiat currencies, Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, warned, urging investors to prepare for a “historic collapse”.“The reign of the King Dollar is coming to an end. Gold […]
London: Gold and silver rose to record highs as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades. Bullion climbed as much as 1.9% to surpass the previous high of $4,381 an ounce set in October, while silver rose as much as […]
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Gold edged higher on Tuesday even as investors retreated somewhat on US interest rate cuts. This reflected caution that the Federal Reserve could take a more aggressive tone on next year’s monetary easing at its upcoming policy meeting. RAW MATERIALS * Spot gold rose 0.1% to $4,194.83 an ounce as of 0146 GMT.* U.S. gold […]
Gold prices in India remained steady on Thursday, hovering just above Rs 1.30 lakh, as traders cautiously positioned themselves ahead of next week’s US Federal Reserve policy meeting, where markets now largely expect a rate cut. On the MCX, gold futures opened at Rs 1,30,799 per 10 gram for 24 carat purity, from Rs 1,30,462 […]
Gold prices held steady above $4,200 on Thursday, supported by weak private payrolls data that reinforced expectations of a US interest rate cut at the US Federal Reserve’s monetary policy meeting next week. RAW MATERIALS * Spot gold held steady at $4,207.56 an ounce as of 01:04 GMT. * US gold futures for December rose […]
Gold prices in Delhi remained unchanged at Rs 1,30,770 per 10 gram for 24-carat purity on Wednesday, remaining steady even as global markets turned cautious ahead of key US economic data. 22-carat gold prices also remained stable at Rs 1,19,890 per 10 grams. In the retail market, 24-carat gold was worth Rs 13,099.06 per gram, […]
