Gold price News: Expectations for a less dovish Federal Reserve (Fed) trigger a modest bounce in the US Treasury bond yields and cap the upside for the non-yielding Gold price. In fact, comments from several FOMC members on Wednesday, including Fed Chair Jerome Powell, suggested that the US central bank will adopt a cautious stance on cutting rates. This warrants some caution before placing aggressive directional bets around the Gold as traders await the US Nonfarm Payrolls (NFP) report on Friday.
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The price of gold is rising due to Chinese demand for the precious metal
Yellow Metal (Gold) is consolidating within a mini-range above its prior range. It is now debatable whether the short-term trend is still bullish – it could now be characterized as “sideways”.
Spot Gold Nears All-Time High
Spot Gold climbed above $2,510 an ounce on Thursday, hitting a record high, as prospects of interest rate cuts by the Federal Reserve continued to support the yellow metal while investors awaited fresh cues on the extent of the cuts.
Gold and Silver Prices Rise, Which Precious Metal to Buy?
Gold Rate Today: Experts believe that MCX gold price is going to touch ₹71,900 and ₹72,810 very soon. Gold and silver prices witnessed strong buying, which helped precious bullions to end higher after a gap of two weeks. Spot gold price finished at $2,507 per ounce after climbing to a new peak of $2,509.72 (3.13%).
Gold price trades with modest gains as traders look to US macro data, FOMC minutes
Gold price (Yellow Metal) retreated over $20 intraday and finally settled in the red for the third successive day on Tuesday, albeit lacking follow-through selling. Expectations the Federal Reserve (Fed) will ease its monetary policy this year, along with concerns about fragile economic recovery in China and geopolitical risks, continue to act as a tailwind for the precious metal. Apart from this, subdued US Dollar (USD) price action and the cautious market mood assist the safe-haven commodity to attract some buyers during the Asian session on Wednesday.
Gold price held steady as investors focus on Powell speech, Israel-Hamas conflict
सोने की कीमत (xau/usd) को दो महीने की नई ऊंचाई दर्ज करने के बाद मामूली बिकवाली का सामना करना पड़ा क्योंकि निवेशकों ने फेडरल रिजर्व (फेड) के अध्यक्ष जेरोम पॉवेल के भाषण पर ध्यान केंद्रित किया, जिससे ब्याज दर के दृष्टिकोण के बारे में संकेत मिलने की संभावना है । 2023 के शेष। सोने के लिए व्यापक दृष्टिकोण अभी भी तेजी का है क्योंकि गाजा अस्पताल विस्फोट के बाद मध्य पूर्व में तनाव बढ़ गया है, जिसके परिणामस्वरूप सैकड़ों नागरिकों की मौत हो गई और आम जनता के बीच अशांति पैदा हो गई।
Gold Drops On Treasury Yields Rise, Potential U.S. Tariff To Ease Inflation
Gold Outlook: Gold dropped as Treasury yields rose and investors weighed the possible scrapping of some US tariffs on Chinese consumer goods that could help ease inflation.
सोना आयात शुल्क 5% बढ़ा [01-07-2022]
30 जून को जारी एक सरकारी नोटिस के अनुसार, भारत ने सोने पर मूल आयात शुल्क 7.5 प्रतिशत से बढ़ाकर 12.5 प्रतिशत कर दिया है। यह कदम भारत के सोने के बाद दुनिया के दूसरे सबसे बड़े कीमती धातु उपभोक्ता के रूप में सोने की आमद को कम करने के लिए उठाया गया है। बढ़ते व्यापार घाटे ने रुपये को रिकॉर्ड निचले स्तर पर धकेल दिया। यह पिछले साल के केंद्रीय बजट प्रस्तावों का उलट है, जहां वित्त मंत्री निर्मला सीतारमण ने सोने पर सीमा शुल्क को 12.5% से घटाकर 7.5% करने की घोषणा की थी। उस समय सोने पर कुल शुल्क 10.75% था, जिसमें उपकर, सामाजिक कल्याण अधिभार और जीएसटी शामिल थे।
BIDEN INAUGURATION TO HAVE LITTLE IMPACT ON GOLD
Today is inauguration day as Donald Trump’s presidency comes to an end, although market significance will be most likely minimal. Taking a look at gold’s performance in the chart below, around the time of inauguration day, there is no discernible implications for the precious metal.
Gold Rate Today 8 September: Gold Rises by Rs 222, Silver Price Up Rs 340
Gold Rate Today witnesses a jump of Rs 122 to Rs 51,300 per 10 grams in the national capital on rupee depreciation, according to HDFC Securities. On Monday’s trade, the yellow metal had closed at Rs 51,877 per 10 grams. The prices of silver also jumped by Rs 340 to Rs 69,325 per kilogram today.