The Bank of Japan’s decision to raise its interest rate to 0.5% today led to a sharp spike in gold price, pushing MCX Gold to an all-time high. This reaction underscores gold’s sensitivity to global monetary policy changes, as higher Japanese rates typically weaken the yen, prompting increased demand for
Gold price (XAU/USD) are experiencing a significant upswing, continuing the momentum from a robust Tuesday where gains exceeded 1.20%. This bullish trend is largely attributed to comments from U.S. President Donald Trump regarding a 10% tariff on Chinese goods, which has sparked renewed interest in bullion as a safe-haven asset.
Gold price experienced volatility on Monday as investors awaited clarity from Donald Trump’s inauguration speech, which could provide critical insights into the new administration’s policies. Spot gold saw modest decline early morning to test the support of $2,690, after earlier dropping by 0.5%. U.S. gold futures also saw a slight
Gold prices remained relatively stable in Asian trading on Wednesday, January 15, 2025, as traders awaited crucial U.S. consumer inflation data. Spot gold experienced a slight increase of 0.1%, reaching $2,675.90 per ounce, while February gold futures rose by 0.3% to $2,690.91 per ounce by 23:59 ET (04:49 GMT) Inflation
The financial markets experienced a whirlwind of volatility on Friday, as both gold and the U.S. dollar showcased remarkable resilience, challenging initial reactions to the December nonfarm payroll report. Despite an early selloff, both assets managed to close higher, defying conventional market expectations. The Labor Department’s report revealed that December
On Friday, January 10, 2025, gold prices saw a modest increase during Asian trading hours, driven by heightened uncertainty surrounding U.S. interest rates and trade tariffs that prompted increased demand for safe-haven assets. Spot gold rose 0.1% to $2,672.12 per ounce, while February futures climbed 0.2% to $2,695.74 per ounce.
Gold and silver prices saw an uptick in early U.S. trading on Thursday, driven by fresh safe-haven demand amid a budget crisis in the U.K. February gold rose by $18.10 to reach $2,690.50, while March silver increased by $0.36, reaching $31.05. The financial markets in the U.K. faced significant turmoil
Gold Prices Struggle to Shine Amid Strong US Economic Data In the ever-evolving landscape of financial markets, gold has found itself in a precarious position. Despite recent positive economic indicators from the United States, the precious metal is struggling to maintain its footing. This situation is largely influenced by hawkish
Gold prices have continued their upward momentum, surging by an impressive 27% in 2024, the strongest annual performance since 2010. Heightened geopolitical tensions have supported gold’s safe-haven appeal. On New Year’s Day, Russia launched a drone attack on Kyiv, while the Israeli army intensified operations in northern Gaza. These developments,
Gold prices were poised for a weekly fall after the Federal Reserve’s verdict on its monetary policy-easing cycle noted a slowdown in cuts, while market focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. The Fed cut rates by 25 basis points and the cautious
