December 26, 2023 07:18 PM ISTThe 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.
December 22, 2023 02:13 PM IST Spot gold was up 0.2% at $2,049.20 per ounce, as of 0513 GMT, after hitting its highest since Dec. 4 earlier in the session. Bullion has risen 1.6% so far this week.
December 22, 2023 09:14 AM IST Traders are now pricing in an 83% chance of a Fed rate cut by March, according to the CME FedWatch tool. Lower interest rates decrease the opportunity cost of holding non-yielding bullion.
December 14, 2023 11:24 PM IST Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
December 13, 2023 09:53 PM IST Gold’s trajectory could also be influenced by policy meetings of the European Central Bank and the Bank of England on Thursday
December 12, 2023 06:39 PM IST An upbeat U.S. jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March.
December 11, 2023 11:00 PM IST Oil prices were slightly higher as investors balanced concerns over OPEC+ production cuts against worries of softening demand in the coming year.
December 08, 2023 09:19 PM IST Spot gold fell 1% to $2,008.79 per ounce by 9:55 a.m. ET (1455 GMT), and was down nearly 1% for the week so far. U.S. gold futures also lost 1% at $2,025.10.
December 06, 2023 12:27 PM IST The bullish case for gold appears to be stronger compared to the bearish one, as a number of factors are backing an uptrend in the yellow metal
December 01, 2023 06:23 PM IST Demand was good for a few days after the Diwali festival last month, but rising prices have brought the market to a standstill, a New Delhi-based bullion dealer said.
November 27, 2023 06:37 PM IST Lower interest rates reduce the opportunity cost of holding non-interest-bearing assets, often boosting gold prices.
November 27, 2023 03:33 PM IST The oil market faces a tense few days ahead of a meeting of OPEC+ on Nov. 30, where member countries will try to agree on supply curbs into 2024.
November 23, 2023 01:26 PM IST Historical data suggests that gold rallies by about 4 percent in the month preceding an interest rate cut and 6 percent after.
November 22, 2023 04:45 PM IST The dollar rose 0.2% against its rivals, but held near a more than 2-1/2-month low touched on Tuesday.
November 21, 2023 05:15 PM IST Signs of slowing inflation in the United States have boosted expectations that the central bank was done raising interest rates.
November 17, 2023 06:45 PM IST The dollar was on track for a weekly drop, making gold less expensive for buyers holding other currencies, while the 10-year Treasury yield also fell.
November 17, 2023 06:00 PM IST In the international markets, both gold and silver were trading higher at USD 1,984 per ounce and USD 23.86 per ounce, respectively.
November 16, 2023 10:03 PM IST Spot gold rose 1.1% to $1,981.39 per ounce by 10:11 a.m. ET (1511 GMT). U.S. gold futures up over 1% to $1,984.60.
November 15, 2023 05:34 PM IST Following the CPI data, the dollar fell to an over two-month low and benchmark U.S. 10-year Treasury yields fell to their lowest level since Sept. 22.
November 14, 2023 05:27 PM IST Despite being a traditional hedge against inflation, higher interest rates raise the opportunity cost for holding bullion.
November 09, 2023 02:44 PM IST Gold buying on Dhanteras 2023: Even though gold investments can yield sizable short-term returns, it's crucial to think about the investment's long-term return. Gold investments in Dhanteras are intriguing for individuals who have a long-term investment strategy.
November 09, 2023 08:40 AM IST The industry does not foresee customers flocking to jewellers this year during the normally busy and auspicious time of Dhanteras and Diwali, but the high price could mean that revenue figures are not badly affected.
October 25, 2023 11:03 AM IST Spot gold is now, trading below five-month highs which it hit last week. U.S. gold futures continued to be steady at $1,986.70.
October 24, 2023 07:22 AM IST Dussehra is considered to be an auspicious time to buy gold. The Middle East conflict and the US interest rate direction have been driving the prices of gold in recent times. However, gold ETF holdings worldwide are at a 3-year low. This suggests that investors aren’t buying gold enough.
