March 11, 2024 01:09 PM ISTGold surged to record high this week in MCX as weak US economic data and US regional banking jitters have given bulls the boost needed to break out from the last 2 months consolidation. The breakout has been spectacular and has baffled many traders with the ferocity of the move. Gold hits record high at near $2200 an oz India Gold hits all time high above Rs 66,000/10gms .Biggest weekly percentage rise since Mid October .Prices +4% over week, +8% on month. Traders see near 70% chance of 25bps rate cut. Catch Manisha Gupta with more details
March 07, 2024 09:09 AM IST Gold surged to a new high on March 6, continuing its impressive growth primarily due to expectations of monetary easing in the United States
March 06, 2024 01:36 PM IST The gold market is also seeing follow-through buying and investors jumping into the gold market with FOMO fear.
March 05, 2024 08:03 AM IST From China's press break in parliamentary meetings to abortion being made a constitutional right in France, here are top news from across the globe on World Street's March 5 edition
March 04, 2024 01:36 PM IST Gold prices hit 3-month high due to supporting data. Key triggers include easing U.S. inflation, decline in USD & treasury yields support buying. Catch Manisha Gupta with Ajay Kedia, MD, Kedia Advisory
February 26, 2024 07:22 PM IST Prices of bullion, which is used as a safe investment during uncertain times, are up more than 10% since the Middle East war began in early October.
February 16, 2024 09:41 PM IST The Fed is expected to hold interest rates steady at its policy meeting next month and traders see the first cut likely in June.
February 16, 2024 03:36 PM IST This week's data releases have added to the belief among investors that the US economy at least is holding up well enough not to merit any immediate rate cuts
February 14, 2024 04:39 PM IST In the previous trade, the precious metal had ended at Rs 63,100 per 10 grams.
February 13, 2024 10:04 AM IST Since 2000, gold has gained in January 70 percent of the time, but 2024 will go down as one of those years when it fell
February 12, 2024 05:54 PM IST Silver jumped Rs 400 to Rs 75,400 per kg from its previous close of Rs 75,000 per kg.
February 09, 2024 05:56 PM IST In top consumer China, premiums of $36-$48 per ounce were quoted over benchmark prices ahead of the week-long Lunar New Year holidays.
February 08, 2024 07:15 PM IST Investors will be watching out for U.S. weekly jobless claims data due at 1330 GMT after last week’s monthly non-farm payrolls report came in stronger-than-expected, showing signs of persistent strength in the labour market.
February 06, 2024 12:43 PM IST Spot gold edged up 0.2% to $2,027.85 per ounce, as of 0612 GMT, after hitting its lowest level since Jan. 25 on Monday.
February 01, 2024 10:14 AM IST Investors should be cautious and watchful ahead of the budget and avoid heavy positions for the day, said experts.
January 26, 2024 04:22 PM IST Data on Thursday showed the U.S. economy grew faster than projected in the fourth quarter as inflationary pressures subsided amid solid consumer spending, official data showed.
January 25, 2024 06:48 PM IST Data on Wednesday showed that the U.S. economy began 2024 on a positive note, with economic activity increasing in January and inflation starting to ease.
January 22, 2024 06:34 PM IST Traders now price in about a 48% chance that the Fed will cut interest rates in March, according to the CME Fed Watch Tool.
January 19, 2024 04:52 PM IST The dollar index dipped 0.1% but was up nearly 1% for the week so far. A stronger dollar makes greenback-denominated gold more expensive for foreign currency holders.
January 12, 2024 01:41 PM IST Spot silver rose 0.5% to $22.86 per ounce, platinum gained 0.3% to $917.82, and palladium climbed 0.3% to $990.98.
January 11, 2024 03:57 PM IST On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 173, or 0.28 per cent, at Rs 62,169 per 10 grams in a business turnover of 9,777 lots.
January 06, 2024 08:45 AM IST On the physical front, gold buying in major consumer India rose this week, as domestic prices fell back from record highs.
December 29, 2023 04:12 PM IST Bullion has risen about 14% so far this year, heading for its biggest annual gain since 2020 after prices surged to an all-time high of $2,135.40 on Dec. 4.
December 26, 2023 07:18 PM IST The dollar index hovered near a five-month low while the benchmark U.S. 10-year bond yield edged lower.
December 22, 2023 02:57 PM IST Rating agency Icra has revised upward its forecast for the year-on-year (YoY) domestic jewellery consumption growth (in value terms) in FY24 to 10-12 per cent from the earlier estimates of 8-10 per cent, primarily driven by the rise in gold prices.
