TAG: iran israel conflict
Gold rate outlook: Goldman Sachs raises yellow metal price forecast to $2700 per ounce by year-end
Gold prices traded near record-high levels on Monday after a sharp rally led by safe-haven demand amid ongoing conflict in the Middle East. Gold rate has rallied 20% over the past two months and analysts expect further gains in the bullion prices. While...
5 months ago
Gold rate today: Iran-Israel conflict fuels gold price today despite US dollar hitting 5-month high
Gold rate today, 16th April 2024: Despite disappointing US retail sales data and the US dollar climbing to the 5-month high, the Iran-Israel conflict continued its support to the gold price rally on Tuesday. Gold price today on the Multi Commodity Exchan...
5 months ago
Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war?
Iran's crude production has risen by more than 20 per cent over the past two years to 3.4 million barrels per day (bpd), which is 3.3 per cent of the total global oil supply. With the ongoing proxy conflict with Israel, analysts say that if the market we...
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 end five-week rally on ease in Iran-Israel conflict, dent in US Fed rate cut buzz
Gold rate today: On account of ease in the Iran-Israel war buzz and dent in the US Fed rate cut speculations in the upcoming US Fed meeting, gold prices witnessed strong profit-booking last week. Gold futures contract on the Multi Commodity Exchange (MCX...
5 months ago