Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Gold is about 50% higher year-to-date, with prices touching a record last month before retracing some gains. (AFP) Spot gold prices rose toward $4,000 an ounce, after falling almost 2% in the previous session as the dollar […]
The prices of gold and silver rose in India today amid a softer US dollar and healthy spot demand, even as bullion fell below $4,000 an ounce in the global market. The US dollar’s weakness is supporting gold prices, which has seen significant profit-booking of late. (AFP) As of 10:00 am on Monday (3 November […]
Gold dipped below $4,000 an ounce after China ended a long-standing tax rebate for some retailers, a change that could weigh on demand in one of the world’s largest precious-metals markets. Gold prices are still up by more than 50% in 2025 as the fundamentals that pushed gold higher are expected to remain in place. […]
Gold staged a partial recovery following a run of losses as traders weighed conflicting views from the US Federal Reserve on chances of more rate cuts. Higher interest-rates tend to pose a headwind for non-yielding gold. (AFP) Gold prices rose as much as 0.9% to trade near $3,967 an ounce after falling almost 5% over […]
Gold steadied after a three-day selloff, with buyers buying the dip ahead of an expected interest-rate cut by the US Federal Reserve. Even after the pullback, the gold rate still up about 50% this year. (Bloomberg) Gold prices held near $3,950 an ounce, after losing more than 4% over the prior three sessions. Spot gold […]
Gold and silver prices in India fell, even as globally they edged higher, as safe-haven demand for the precious metals dipped due to progress on a US-China trade deal and the likelihood of an end to US government shutdown in the coming days. A Fed rate cut seems priced in. Gold has pulled back decisively […]
Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in the US-China trade talks sapped demand for safe-haven assets. Gold has pulled back decisively from a record above $4,380 an ounce last Monday following a blistering rally. It’s still up more than 50% this year. (Bloomberg) Gold prices rose […]
Gold prices slid below $4,000 an ounce, extending losses from the worst rout in over a decade as progress on a US-China trade deal sapped haven demand. $3,500 an ounce is a level that “would be healthy for the gold market, because it still would be a ridiculously high price”. (Reuters) The spot gold prices […]
Gold prices in India fell today, after posting its biggest weekly drop since mid- August, as the progress on a US-China trade deal and a stronger dollar sapped safe-haven demand. The gold and silver prices in India are essentially tracking global cues. (Representative image/Unsplash) The MCX gold rate fell as much as 1.31% to ₹1,21,822 […]
Gold prices fell, after posting its first weekly drop since mid-August, as the progress on a US-China trade deal sapped safe-haven demand. A blistering bullion rally that propelled gold prices to a record high of $4,380 an ounce last week has since gone into reverse on signs the metal had become overbought. (Bloomberg) Spot gold […]
