For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm.
Gold
Get commodity future prices for Gold from MCX, NCDEX, NMCE. Get live commodity market price,Gold futures prices from Gold Silver Reports – Neal Bhai Reports
Spot Gold Price Could Rise $1,880 if Hold June 16 Highs Give Way
Spot Gold Price: Will US inflation trigger a sustained move above $1,834 in spot gold? This was a rhetorical question to which the response was aptly provided after the US Consumer Price Index (CPI) jumped to the highest levels in 31 years in October, arriving at 6.2% YoY.
Spot Gold Surges to Multi-Month Highs Above $1850
Spot gold (Yellow Metal) prices have spiked higher in response to the latest US Consumer Price Inflation (CPI) report. Prior to the data release, Gold was just under $1827, but it now trades well above the $1850 mark with on-the-day gains of about more than 1.0%. gold comex prices are up around 1.7% from earlier session lows around $1823.
MCX Gold Tips Today – Resistance key Level 48754 – Gold Silver Reports
MCX Gold Tips Today – MCX Gold yesterday settled up by 0.1% at 48018 as investors held onto the view that central banks would keep interest rates low for the time being, with focus turning to key U.S. inflation data due later in the week.
Gold Gains Ground As Treasury yields Pull Back After Fed Decision
Gold futures price rebounded Thursday, building on support found as Treasury debt yields declined after the Federal Reserve announced its plans to taper its bond purchases on Wednesday.