TAG: Silver prices
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
Gold Prices Today: Yellow metal extends gains as investors await US inflation data, silver up 0.6%
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve's policy path after the central bank kept interest rates unchanged for the fifth straight...
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
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 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 rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce....
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
Gold prices decline as rate cut hopes ease, focus shifts to upcoming Fed meeting
Gold prices saw a decline on Monday amid expectations of sustained elevated U.S. interest rates, with attention shifting towards the Federal Reserve policy meeting and the release of U.S. non-farm payrolls data later in the week for insights into the fut...
5 months ago
Silver price up 16% in just 2 months; is the metal ready for a strong rally?
Silver price has seen strong gains in the last two months, jumping over 16 percent, maintaining its position above the ₹80,000 per kg mark in the spot market. Silver prices were around ₹69,000-odd levels in the last week of February; they are trading ne...
5 months ago
Gold prices decline over 2%, down to one-week low; silver shreds 4.6%
Gold prices experienced a decrease of over 2%, reaching a one-week low, as concerns about a potential broader conflict in the Middle East eased, on Monday. This led investors to reduce their safe-haven positions and favor riskier assets such as equities....
5 months ago
Gold prices rise due to weakened dollar and soft US jobs data, silver jumps 2.4%
Gold prices surged by over 1%, buoyed by a weakening U.S. dollar following subdued U.S. jobs data, on Monday. This prompted speculation of potential interest rate cuts by the Federal Reserve in the coming months. Spot gold experienced a rise of 0.8%, r...
5 months ago