Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset.
Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
US stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the US market from a fourth straight losing week, its longest such streak since August.
Gold Surges to $3,000: Could a Recession Push Prices Even Higher?
Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams.
![Spot Gold Short-Term Technical Forecast [11 March 2025]](https://www.goldsilverreports.com/wp-content/uploads/2019/01/Gold-bar-5945sdf54@Neal-Bhai-Reports-nbr.jpg)
Spot Gold Short-Term Technical Forecast [11 March 2025]
Gold (XAU/USD) Price Forecast: From a technical perspective, the intraday chart for gold shows that the yellow metal now remains below the flat 20 simple moving average (SMA), which offers dynamic resistance around $2,907.
Gold investors are assessing the Fed interest rate scenario
Gold prices held steady in Asian trading on Monday after modest gains last week as the dollar remained near a four-month low amid uncertainties around U.S. trade policies.
Duty-free: Here’s how much gold you can bring from Dubai to India without paying customs
Travellers to Dubai have long bought gold from the middle-eastern destination as the yellow metal costs less there than in India. Especially for Indians, who not only see gold as a safe haven investment, but buy it heavily for cultural reasons such as weddings, there is always an eye out for cheaper gold.
Jewellers margin set to take a hit as gold leasing rates surge
The gold leasing rates by leading jewellery firms have shot up sharply as a tariff scare from the Trump administration has prompted global banks to secure the precious metal, leading to a supply crunch in India, among the top consumers of the metal.
Castrol India shares soar 11% as Saudi Aramco eyes BP’s lubricant business
The shares of Castrol India today soared 11% to an intraday high of Rs 246.80 on the BSE in Thursday’s trade on reports that Saudi Aramco is potentially considering a bid for BP Plc’s lubricant business.
Gold prices hit a weekly high of $2,930, now awaiting US data and Trump’s tariff news
Gold prices has entered a brief phase of upside consolidation as buyers take a breather before the next leg higher. The buying interest around the bright metal remains unabated amid sustained US Dollar (USD) weakness as increased odds of further interest rate cuts by the Federal Reserve (Fed) due to US economic slowdown concerns.
Reciprocal tariffs: Trump eyes ‘making America prosper again’ from April 2, while India has cause for concern
US President Donald Trump slammed India’s import duties in his first speech to a joint session of Congress on Wednesday. Trump specifically targeted India’s tariffs on automobile imports saying, “India charges us auto tariffs higher than 100 per cent.”