Gold price fell to near two-week lows on Wednesday, weighed down by gains in Treasuries and the US dollar. Bond yields have risen sharply in recent sessions. The price is under more pressure after the US Federal Reserve published the minutes of its December meeting, which did not provide any
Gold fell below key levels in early morning gold trading session as strong labor market data prompted traders to reconsider bets that the Federal Reserve will cut interest rates earlier in 2024. Spot prices fell below $2,000 per ounce, marking a sharp reversal from last week’s record high. A strong
It’s Friday and an exciting trading session is upon us as the forex news hits the market. Yesterday, crude oil crashed vertically from our resistance levels due to OPEC not meeting the street expectations. In other news, Gold and Silver have been trading in a range at higher levels and
The gold price has continued to rise since November 13, 2023, and prices experienced an impressive rally on Thursday, touching a lifetime high of $63,205, up 0.27%. The momentum of the yellow metal is expected that the Fed can stop the rate cycle after weak US data. The dollar fell
It’s a great time for commodity traders as gold trading has supported them in the sights of a potentially crumbling economic situation. As per the latest reports coming in, Gold prices rose in Asian trade on Wednesday, thereby reaching a near 7 -month high as a string of dovish signals
Gold price gained nearly one percent yesterday and it reached near to one month high, as the prospect of no more rate hikes by the Federal Reserve spurred continued flows into the yellow metal. However, the minutes of the Fed’s late-October meeting, released on Tuesday, showed the bank sticking to
It’s been a gruelling year for every market as the unpredictable and impending fall of the US might as well be upon us as inflation soars at great heights. In a reaction to this the RBI gold reserve has shown a significant development With war raging on and spreading like
Gold prices witnessed a meaningful surge yesterday. The prices sparked over to one week high as after the U.S. consumer price index readings for October showed inflation pressures easing more than predicted. Which anticipated speculation about a less aggressive Federal Reserve stance on interest rates. The numbers released yesterday remained
Gold prices sparked to multi month high in latest Gold Trading session, posting the third straight weekly gain. The prices surged over 6% amid geopolitical uncertainties in the Middle East. Adding to this, the Federal Open Market Committee meeting scheduled this week and US Treasury yields have retreated from recent
The past few days Commodity Samachar has been reviewing the recent news relating to latest gold trading that’s been surfacing on the internet and several signs have led to ‘breadcrumbs’ that might be signalling something massive coming our way. With the War raging on and other factors in play, gold
