PMI Data

Gold Price Forecast: What’s Next? PMI Data and Federal Reserve Moves

Investors are now focusing on upcoming PMI data, which shows how well businesses in the US and Europe are doing. The US PMI numbers, expected soon, will give clues about the health of the economy. If the data is weaker than expected, it could signal trouble for the US economy, pushing the Federal Reserve to cut interest rates. Lower interest rates typically weaken the dollar further and make gold more appealing.

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Why MCX Gold Hit ₹99,358 and What’s Next?

Why MCX Gold Hit ₹99,358 and What’s Next?

The Multi Commodity Exchange (MCX) gold price soared to an all-time high of ₹99,358 per 10 grams on April 22, 2025, driven by a confluence of global and domestic factors. This surge reflects gold’s role as a safe-haven asset amid escalating geopolitical and economic uncertainties. Below, we explore the key reasons behind this peak and provide insights into the future outlook for MCX gold prices, based on market trends, expert analyses, and recent developments.

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US Dollar near familiar range after PCE data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve’s (Fed) preferred inflation metric — the Personal Consumption Expenditures (PCE) Price Index. The reading showed a mild uptick, helping the Greenback hold recent levels. However, the rally appears capped as safe-haven flows favor Gold, and technical signals remain bearish.

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Copper Prices

MCX Copper Hits 4-Month High 859

Copper futures rose to nearly $4.50 per pound on Thursday, marking a four-month high.

The rally was driven by a sharp decline in the US dollar and easing concerns over a global trade war.

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