Gold prices remain under $3,300 as traders eye the US PCE Price Index for clues on Federal Reserve rate cuts. Learn how the US Dollar, geopolitical risks, and tariffs impact gold.
US dollar
Gold Prices Soar Above $3,350 as Trump Intensifies EU Trade Tensions
Gold prices climb past $3,350 as Trump’s trade war with the EU escalates, weakening the US dollar and boosting investor interest in gold. Learn about market trends, key price levels, and what’s next for gold.
Copper Prices Rise: What’s Happening?
Copper prices rose above $4.65 per pound as the US dollar weakened and China boosted its economy. Learn why copper is climbing and what might slow it down in 2025.
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.
Why Are Gold Prices Falling in India and Globally? | MCX Silver Buy or Sell?
Discover why gold prices are dropping in India and globally, influenced by a strong US dollar and easing trade tensions. Learn about key price levels and investment opportunities for gold and silver ahead of the wedding season.
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.
USD/INR jumps amid tensions over Kashmir, rising US Dollar demand
The Indian Rupee (INR) faces some selling pressure on Thursday as terrorist attacks in Kashmir, India, weighed on sentiment. Furthermore, rising crude oil prices undermine the Indian currency, as India is the world’s third-largest oil consumer.
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.
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.
Rupee on a weak pitch; prices inching close to 84.75 against dollar
The Indian rupee was down by 7 paise and touched Rs 84.73 against US dollar in early trade on December 9. The decline can be attributed to the outflow of foreign money and less activity in the Indian equity market.