By Administrator_ India Capital Sands Gold was down on Tuesday morning in Asia but remained above the $1,800 level. Hopes are also growing that the U.S. Federal Reserve could delay its planned asset tapering thanks to the continuing spread of COVID-19. Gold futures edged down 0.17% to $1,803.25 by 12:12 AM ET […]
Gold
Gold prices rise for 6th straight day amid easing US bond yields
By Administrator_ India Capital Sands Gold prices edged higher on Wednesday and were on course for a sixth straight session of gains, driven by a dip in US Treasury yields ahead of minutes from the Federal Reserve’s June meeting that could provide more clues on the policy stance. Spot gold rose 0.32 percent […]
Gold Up, Powell Promises Rates Will Not Rise Too Quickly
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell’s reassuring message that interest rates will not rise too quickly based only on the fear of coming inflation. However, a strengthening dollar curbed gains for the yellow metal. Gold futures were […]
Gold Up Ahead of Jerome Powell’s Testimony
By Administrator_India Capital Sands Gold Futures were up 0.32% to $1,788.65 by 12:17 AM ET (4:17 AM GMT) Although inflation had increased, it will move back toward Fed’s 2% target once supply imbalances resolve, said Powell in written remarks prepared for his Tuesday testimony before congress. Investors now await the hearing […]
Gold Up, Boosted by U.S. Treasury Yields Retreat
By Administrator_ India Capital Sands Gold futures were up 0.33% to $1,774.85 by 12:26 AM ET (4:26 AM GMT). The yellow metal slid 6% during the previous week in its worst week since March 2021 after the U.S. Federal Reserve sprung a surprisingly hawkish stance as it handed down its latest policy […]
Yellow Metal Trades Flat, Silver Shows Rise
By Administrator_ India Capital Sands Gold prices showed a meager jump on Wednesday, as on MCX, the yellow metal August futures traded at Rs 48,460 per 10 grams. On the other hand, silver showed a decent jump as its July futures were at ₹ 71,475 per kg, showing a jump […]
Gold Up -Than-Expected U.S. Consumer Prices Increase Inflation
By Administrator_ India Capital Sands Gold was down on Thursday morning in Asia over higher-than-expected U.S. consumer prices for April, increasing concerns about higher inflation. Gold futures were down 0.34% to $1,816.65 by 11:42 PM ET (3:42 AM GMT). The benchmark U.S. 10-year Treasury yield climbed to its highest level in more than a month, […]
Yellow metal trades higher; buy for a target of Rs 47,850, say experts
By Administrator_India Capital Sands India Gold MCX June futures rose on Monday tracking positive trends seen in the international spot prices supported by a soft dollar ahead of the U.S. Federal Reserve policy meeting this week. On the Multi-Commodity Exchange (MCX), June gold contracts were trading higher by 0.11 percent at […]
Gold steady as inflation bets counter firm US dollar, yields
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. Spot gold was flat at $1,728.60 per ounce, as of […]
Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia, with investors and Congress reassured by U.S. Federal Reserve Chair Jerome Powell that inflation will remain under control. Gold futures were up 0.34% at $1,730.90 by 11:48 PM ET. The dollar, which normally moves inversely to gold, […]