Vaamanaa Sethi
Gold prices rise ahead of US inflation data, silver slips 0.3%
Gold prices surged, supported by a decline in the U.S. dollar, as investors awaited upcoming data to assess inflation trends, crucial for understanding the Federal Reserve's approach to interest rates, on Tuesday. At 09:58 a.m. EDT (1358 GMT), spot gold...
6 months ago
Gold prices down nearly 2% after hitting all-time high, here's why
Gold prices dipped on Friday following a near-record peak in the previous session, buoyed by a strengthening dollar. However, they remain poised for a weekly increase after the US Federal Reserve's announcement that it anticipates three rate cuts in 2024...
6 months ago
Oil stabilises after surging over 4% last week; brent crude at $91.01/bbl
The global oil benchmark Brent stabilized above $91 per barrel on Monday, paring back initial declines triggered by Israel's withdrawal of additional troops from Gaza and its commitment to new discussions regarding a potential ceasefire in the Middle Eas...
6 months ago
Gold continues to shine for seventh session straight on geopolitical tensions; silver surges to three-year high
Gold prices surged to a record high for the seventh consecutive session, driven by both central bank acquisitions and geopolitical tensions, on Monday. Despite robust economic indicators, the appeal of bullion remained strong. At 11:54 a.m. ET (1554 GMT...
6 months ago
Gold prices drop from all-time highs over strong US inflation figures
Gold prices retreated from their record highs on Wednesday as the U.S. dollar strengthened and Treasury yields rose. This movement came in response to a robust inflation report, which tempered speculation about an imminent rate cut in the United States....
6 months ago
Gold prices cross $2,400 mark on Middle East tensions, up by 4% this week; silver surges to highest level since 2021
Gold surged past the $2,400 per ounce mark, hitting an unprecedented peak on Friday, marking its fourth consecutive week of gains. Escalating tensions in the Middle East spurred investors to flock to safe-haven assets. At 10:56 a.m. ET (1456 GMT), spot...
5 months ago
Silver prices likely to cross ₹1 lakh per kg in medium to long term: Motilal Oswal
The silver prices have maintained a consistent upward trajectory in 2024 in India. After recording a 7.19 per cent increase in 2023, the precious metal has now reached a historic high of ₹86,300 per kg. The bullish outlook is further bolstered by forecas...
5 months ago
Rising gold prices drive Indians into jewellery recycling; here's what experts say
Gold prices have been scaling new highs for the past four weeks across the globe, thanks to various factors including a weak macroeconomic environment, geopolitical risks and central banks buying the precious metal. In India, the yellow metal has been h...
5 months ago
Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl
Oil prices saw a downward drift on Monday, as the market seemed to minimize concerns about a wider regional conflict following Iran's weekend attack on Israel. Brent futures for June delivery dropped by 81 cents, approximately 0.9%, reaching $89.64 per...
5 months ago
Gold declines as dollar, yields strengthen following US retail sales data
Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year...
5 months ago
Gold prices likely to go up to $3,000 an ounce: Citi Report
The global price of gold could potentially reach $3,000 per ounce as additional funds pour into exchange-traded funds backed by the precious metal, according to analysts at Citi, as quoted by CNBCTV18. At 1 pm local time in Singapore, the current price...
5 months ago
Gold price eases despite Iran-Israel tensions; silver surges 1.4%
Gold prices experienced a decline on Tuesday, attributed to mounting expectations of fewer U.S. interest rate cuts throughout the year, which overshadowed the demand for safe-haven assets amid ongoing tensions in the Middle East. By 09:26 ET (1326 GMT),...
5 months ago
Gold prices inch upwards despite Middle East tension; spot silver rises 1.8%
Gold prices strengthened due to geopolitical unrest in the Middle East, driving demand for safe-haven assets, on Wednesday. However, hopes for U.S. interest rate cuts waned, limiting further gains. As of 9:40 a.m. ET (1340 GMT), spot gold increased by...
5 months ago
Oil prices decline amid Israel-Hamas peace talks, Fed rate cut expectations
Oil prices dropped by over $1 per barrel on Monday due to ceasefire talks between Israel and Hamas in Cairo, which alleviated concerns about a broader conflict in the Middle East. Additionally, U.S. inflation data suggested that interest rate cuts migh...
5 months ago