Gold traded with a mild negative bias through the early European session and was last seen hovering near daily lows, around the $1850 region.
Gold Prices falls over 1%, pinched by firm dollar but on course for weekly gain
Spot gold prices fell 1% to $1,851.50 per ounce by 10:10 a.m. EST (1510 GMT), retreating from a two-week high hit on Thursday. The metal was up 1.4% so far this week.
Gold Prices Have Had a Tough Start to The New Year – Neal Bhai
Gold prices have had a tough start to the New Year, with price action proving haphazard. Volatility hasn’t exploded or collapsed, leaving gold prices adrift, easily succumbing to the cross-currents presented by other asset classes, politics, fiscal stimulus speculation, and monetary policy.
MCX Gold Price Low 48685, Sell Karna Mana Hai – Neal Bhai
Spot gold price lost some additional ground during the mid-European session and dropped to 2-day lows, aroundthe $1845 region in the last hour.
MCX Gold, Copper Full Target Hit Power of CFA’s – Neal Bhai
MCX Gold yesterday settled down by 0.17% at 49448 as the U.S. dollar eased, reflecting relief over an orderly transition of power and amid bets on increased U.S. government spending under President Joe Biden’s administration.