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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Gold News Gold dropped to $2,640 on Tuesday as investors awaited the Fed’s two-day meeting and 2025 outlook. The Fed is expected to cut rates by 25bps, but uncertainty remains about the extent of future easing due to inflation concerns under the incoming Trump administration. US private sector activity grew faster in December, potentially limiting…
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Gold News Gold Price: Gold traded above $2,660 per ounce as markets awaited the Federal Reserve’s policy decision. Fed Policy: The Fed is expected to announce a 25bps rate cut, boosting gold’s appeal by lowering the opportunity cost of holding non-yielding assets. Geopolitical Tensions: Israel’s air and ground attacks in Gaza increased demand for gold…
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Gold News Gold continued its decline on Friday, falling below $2,670, extending losses from the previous session as investors evaluated the latest economic data. US factory gate prices in November rose more than expected, sparking concerns that inflation could stay above the Federal Reserve’s target into 2025. Initial jobless claims surged unexpectedly to a two-month…
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Gold News Gold Price Increase: Gold climbed above $2,660 per ounce, marking a second consecutive session of gains. China’s Policy Shift: China’s Politburo announced plans to loosen monetary policy for the first time in 14 years to stimulate the economy, boosting commodities. China’s Gold Reserves: China’s central bank increased its gold reserves for the first…
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Gold News Gold Prices Steady Near $2,650: Gold was treading water early Monday near $2,650 per ounce as broader markets rallied. Interest Rates and Gold Competitiveness: Lower borrowing costs reduce the opportunity cost of holding non-yielding assets like gold, potentially making it more attractive to investors. Market Rally Due to Trump’s Agenda: Stocks hit record…
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Gold News Gold Price: Held steady above $2,640 per ounce on Thursday, trading within a tight range. Fed Chair’s Remarks: Jerome Powell emphasized cautious rate reductions and highlighted the resilience of the US economy. Economic Data: Recent data showed a sharper-than-expected slowdown in the US services sector in November. Rate Cut Expectations: Increased likelihood of…
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