As expected on 13 September 2023, after breaching support of the Symmetrical triangle pattern. Gold prices plunged drastically and dropped more than 2.50%. A concern over rising U.S. interest rates resulted in a significant fall in bullion prices. Since 21 September 2023, Prices continued to trade under pressure, recently touching
Comex Gold prices reacted negative after the Fed decision. Prices off day’s high as the dollar inched higher to a sixth month high against its major counterparts. However, prices were able to recover slightly today. Gold price remains under selling pressure as the Federal Reserve (Fed) held the benchmark policy
Gold prices posted nearly half percent fall yesterday, while since morning traded almost flat today. Prices took a steep fall as the dollar strengthened against its major counterparts before a key U.S. inflation reading due later in the day. Yellow metal hit an over two-week low as markets positioned for
After hitting a three-week high, Gold turned neutral and traded flat today. As traders stayed sideline ahead of nonfarm payrolls data due later in the day. Prices witnessed a meaningful rally since the start of the week as a string of weak U.S. economic readings spurred bets that the Federal
Gold prices had an indecisive trade yesterday, as traders stayed sideline ahead Jackson Hole Symposium, although signs of weakening growth kept gold above key levels. Yellow metals struggled to cross their previous week’s high with the prospect of higher U.S. interest rates and a strong dollar which stood at an
Gold prices were able to trade above their five-month low today, as the dollar retreated slightly against its major counterparts, although concerns over higher U.S. interest rates kept limited downside moves. Since the start of the month, prices continued trading down and corrected nearly 1.9%, as strong labour market data
Gold prices retreated yesterday, after U.S. inflation figures for last month. As the U.S. dollar and bond rates held steady, gold continued to be on track to end its worst week in seven. The precious metal attempts a cautious trade on worries that inflation remains sticky amid rising rental prices.
As the strong dollar attracted significant selling pressure in the billions, gold prices fell sharply. The dollar spiked as foreign financial markets became more risk averse following Fitch’s downgrade of the United States’ sovereign rating. The yellow metal slid nearly one per cent over the past two days, with MCX
In times of economic uncertainty and market volatility, investors often turn to safe-haven assets to protect their wealth and mitigate risk. One such asset that has stood the test of time is gold. Gold has long been considered a reliable store of value and a hedge against inflation, making it
Gold prices had a neutral trade yesterday. Yellow metal remained sideline as traders stayed away to take fresh positions ahead of minutes of the Federal Reserve’s June meeting. Following a sharp decline below 57800 last week, the price of the yellow metal has made a little comeback during the last
