Gold prices dropped by more than 1% in the international market as investors decided to book profits after recent gains. The fall also came as geopolitical-tensions showed signs of easing, reducing demand for safe-haven assets like gold.
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Gold Price Today Slips as Profit-Taking, Lower Geopolitical Tensions Hit Demand
Jan 15 (Reuters) – Gold slipped on Thursday as investors booked profits after the yellow metal hit a record in the previous session, while an apparent softer tone from U.S. President Donald Trump on the Federal Reserve chair and Iran also dampened safe-haven demand.
Blistering Metals Rally: Gold, Silver & Copper Hit Record Highs
(Bloomberg) — Metals extended their dramatic start to the year — with gold, silver, copper and tin all hitting record highs — as investors bet on a boost from more US rate cuts and a revival in sentiment across Chinese financial markets.
Gold, Silver Smash Record Highs on Inflation Data & Fed Probe Buzz
(Bloomberg) — Gold and silver hit records on Tuesday after a weaker-than-expected US inflation reading, while markets kept a close eye on the Trump administration’s renewed attacks on the independence of the Federal Reserve.
US Supreme Court Tariff Decision: Impact on Gold, Silver & Indian Stock Market
The US Supreme Court’s decision on import tariffs is making global markets alert. This ruling can affect commodity prices like gold and silver, and also impact the Indian stock market, especially export-linked sectors.