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.
US dollar
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.
Rupee Opens Stronger In Run-Up To Key US Payrolls Data
The rupee strengthened by 2 paise to open at 83.96 against the US dollar, according to Bloomberg data.
The Indian rupee opened stronger against the US dollar on Friday after nearly touching the psychologically key mark of 84 in the previous session. The domestic currency strengthened amid a marginal decline in the dollar index.
फेड ब्याज दर में कटौती: निकट भविष्य में सोने की कीमतों पर इसका क्या असर होगा? विशेषज्ञ इस पर विचार कर रहे हैं
रिपोर्टों के अनुसार, 2017 से प्रत्येक सितम्बर माह में सोने में गिरावट देखी गई है, इस माह में औसतन 3.2 प्रतिशत की गिरावट आई है – जिससे यह वर्ष का सबसे खराब प्रदर्शन करने वाला महीना बन गया है, जो मासिक औसत 1 प्रतिशत की वृद्धि से काफी कम है।
Gold’s Decline Remained Capped Due to Expectations of Federal Reserve Cutting Interest Rates in September
Gold prices fell on Wednesday as the US dollar and Treasury yields strengthened, while the prospect of the Federal Reserve cutting interest rates in September limited further downside.
Gold Technical Analysis: Gold Bears Await Daily Candlestick Confirmation
Gold Technical Analysis: Gold prices have been hovering near multi-day lows around the $1,950 mark early on Monday as sellers take a break before the next potential drop. This comes as the US Dollar recovers against other major currencies due to broad risk aversion and rising US Treasury bond yields. Last week, gold prices dropped from near $1,990 as the US Dollar gained momentum and despite the downtrend in US Treasury bond yields.
Gold Market Investors Waited for U.S. Stimulus Package
Gold Market Investors : Gold prices were steady on Friday as investors waited for developments around a U.S. stimulus package, although the metal was on course to post a weekly and monthly decline hurt by a stronger dollar.
Gold ETFs attract Rs 6,657 crore inflow in 2020
Gold ETFs : Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020.
US Dollar Q1 2021 Forecast: Gold Silver Reports
In a year where sellers dominated the currency, it’s become increasingly difficult to expect anything different to happen. For Q1 of 2021, I’m looking for a continuation in the bearish backdrop that’s become so incredibly loud around the US Dollar.
Gold Silver Tips Today – Buy Call Rocking Gold Silver Bole Boom Boom
After witnessing a sharp fall for three consecutive days, gold prices in India have seen a slight increase of Re 1 per gram on Thursday, September 24. The rates of the yellow metal went below Rs 50,000 on Wednesday, as the prices dipped by Rs 630 per 10 grams on September 23.