gold rate chart Archives

Gold Rallies to record high on US rate-cut optimism

Last Updated On September 13, 2024 6:20 PM by PIA CHAUHAN

Gold prices soared to an all-time high on Friday as the dollar weakened amid prospects of a U.S. interest rate cut next week, while palladium has gained 15% so far this week.

Gold Edges Higher Amid Softer U.S. Dollar and CPI Expectations

Last Updated On September 11, 2024 2:28 PM by PIA CHAUHAN

Understanding the Relationship Between Gold Prices and the U.S. Dollar

The relationship between gold prices and the U.S. dollar is one characterized by an inverse correlation. Traditionally, when the dollar weakens, gold tends to rise in value, and this dynamic can be attributed to several interrelated factors. A weaker U.S. dollar enhances the purchasing power of foreign buyers, enabling them to acquire more gold for the same amount of their local currency. Consequently, this increased demand can lead to higher gold prices on the global market.

Silver MCX Today Tips – Watch 43750 to High 44049, Intraday Traders Enjoy

Last Updated On April 13, 2020 12:33 PM by Neal Bhai

Silver MCX Today Tips – Watch 43750 to High 44049, Intraday Traders Enjoy.

Silver Market Prices Crash, Gold prices Today Slip – Gold Silver Reports

Last Updated On March 30, 2020 9:43 AM by Neal Bhai

Silver market took a beating with May futures crashing 3% to ₹39,758 per kg. Gold prices in India had surged sharply lastweek rising about ₹3,000 per 10 gram in tandem with a rally in global rates.