TAG: gold futures
MCX gold zooms ₹1,133 in 4 seconds. Experts try to decipher the cause
Mumbai: The December gold contract on the commodity exchange MCX surged an unexpected ₹1,133 per 10...
8 months ago
Gold hits record high for eighth session in a row
Gold prices hit a record high for an eighth consecutive session on Tuesday with support from momentum-following funds and inflated geopolitical tensions.Spot gold was up 1.1% at $2,363.42 per ounce by 0936 GMT after hitting a record high of $2,365.09."Str...
6 months ago
Gold Technical: At risk of mean reversion corrective decline after 19% gain
Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase in geopolitical risk pre...
6 months ago
Gold gains on soft dollar, rate cut hopes
Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year.Spot gold rose 0.8% to $2,320.95 per ounce by 1503...
5 months ago
Gold trades near historic $2,500 mark on Fed rate-cut optimism
Gold prices eased on Monday, but hovered around historic $2,500 level, as traders locked in profits following bullion's climb to an all-time peak in the previous session on expectations of a U.S. interest rate cut next month.Spot gold was down 0.2% at $2,...
1 month ago