Gold News Gold Prices Surge: Spot gold jumped 0.6% to $2,770.39 per ounce, reaching a three-month high of $2,777.10 earlier in the day. It’s set for a fourth straight weekly gain, up over 2% this week. Dollar Weakens: The dollar is down over 1% for the week, its worst weekly fall in two months, making…
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Gold News Gold Prices: Gold rose to $2,711.29 per ounce on Monday, supported by a weaker dollar, while U.S. gold futures traded at $2,752.40. Key Drivers: Investors are awaiting Donald Trump’s inauguration speech for clarity on trade policies, inflation outlook, and the Federal Reserve’s future interest rate decisions. Dollar Impact: A weaker dollar boosts gold’s…
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Gold News Gold Prices Steady: Spot gold held at $2,696.69 after hitting over one-month highs. U.S. gold futures rose 0.3% to $2,726.60. Core Inflation Data Impact: Softer U.S. core inflation data lowered expectations of aggressive rate cuts, boosting demand for gold as a safe-haven asset. Reduced inflation lifted hopes of a less restrictive Fed policy,…
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Gold News Gold Prices Movement: Spot gold rose 0.1% to $2,681.34 per ounce by 0701 GMT. U.S. gold futures gained 0.5% to $2,696.10. Key Driver: Investors are awaiting the U.S. CPI data release at 1330 GMT for clues on the Federal Reserve’s interest rate trajectory. Higher CPI data may push gold prices lower, reinforcing expectations…
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Gold News Gold Prices: Steadied at ~$2,685 on safe-haven demand amid uncertainty surrounding Trump’s policies. Trump’s Impact: Proposed tariffs could spark trade wars and inflation, benefiting gold as a hedge. U.S. Jobs Data: A stronger-than-expected jobs report highlighted a robust labor market, boosting the dollar and weighing on gold. Market Performance: Spot gold fell 0.1%…
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Gold News Gold prices edged up on Wednesday, with spot gold rising 0.1% to $2,653.04 per ounce, as of 0844 GMT, and U.S. gold futures remaining unchanged at $2,666.70. The market’s focus has shifted to key U.S. jobs reports due later this week, including the nonfarm payrolls report on Friday, which could influence the Federal…
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Gold News Spot gold rose 0.3% to $2,642.32 per ounce, and U.S. gold futures gained 0.2% to $2,653.60. The weaker U.S. dollar due to uncertainty around President-elect Donald Trump’s tariff plans supported gold prices. The dollar index eased to a one-week low amid speculation of softer tariff policies, though Trump denied the reports. Traders are…
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Gold News Current Price & Market Outlook: Fed Policy & Inflation Concerns: Geopolitical and Central Bank Activity: Indian Gold Market Insights: Gold’s Historical Performance: Future Outlook: Investment Recommendations: Best options include Gold ETFs, Gold Mutual Funds, or Sovereign Gold Bonds (SGBs). However, new SGBs are currently unavailable. Author : Arman ShabanTo see more analyzes of Gold ,…
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Gold News Gold’s 2024 Performance: Gold climbed above $2,600 per ounce, achieving a 26% annual gain, one of its strongest performances in decades. Drivers of Growth: The surge was fueled by U.S. monetary easing, geopolitical tensions, and record central bank purchases. Market Context: Despite a stronger U.S. dollar and higher Treasury yields, which typically limit…
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Gold News Gold Price: Gold traded at $2,629 per ounce on Monday, supported by a softer US dollar after a benign PCE inflation report, raising hopes for Fed monetary easing in 2024. Fed Policy Impact: Gold hit a one-month low recently but regained momentum after the Fed signaled a measured pace of rate cuts. Physical…
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