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Gold slumped to a five-week low on Wednesday as the dollar jumped and US Treasury yields continued to rise on signs of US economic strength and an easing in the US-China trade conflict.
In the medium term, geo-political tensions in the Middle East, increasing US government debt and rising inflation pressures, volatility and lower equity markets could support gold prices.
According to Angel Commodities, expect gold prices to trade higher today as weakness in US equities spilled over to Asian stocks, thereby boosting safe haven demand.
In the medium term, geopolitical tensions in the Middle East, increasing US government debt and rising inflation pressures, volatility and lower equity markets could support gold prices, CARE Ratings
Gold prices gained after three days of losses on Tuesday as the dollar retreated from an earlier three-month peak and US equities weakened, even as benchmark US Treasury yields passed 3 percent
Gold prices edged higher on Wednesday as most global stock markets fell and as the US dollar eased below an over three-month high hit in the previous session.
The ED said on Tuesday it has attached Rs 48 crore worth of assets of a Chennai-based gold jewellery firm in connection with a bank loan money-laundering probe. It said the company, Kanishk Gold Pvt
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Gold has slid nearly 2 percent in the last three trading sessions as a rally in U.S. yields towards the 3 percent mark pushed the dollar index to its highest since mid-January, making the metal more
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Interest rates in America are no longer influencing gold performance, while the US dollar movement is again becoming a strong indicator of the price direction of the yellow metal, the World Gold
Gold prices steadied in Asian trade on Tuesday, a day after falling to the lowest level in more than two weeks, as a climb in the dollar and 10-year US Treasury yields dampened the appeal of bullion
The yield on 10-year U.S. Treasuries hit its highest since January 2014, lifting the dollar index to a seven-week peak and making dollar-priced gold costlier holders of other currencies.
Gold prices slipped to their lowest level in nearly two weeks on Monday as the dollar rose on the back of climbing US Treasury yields and as global political concerns eased.
On the global front, Gold futures suffered a second consecutive session of losses, as strength in the dollar and gains in Treasury yields sent prices for the metal lower for the week.
On the domestic front, standard gold (99.5 purity) commenced higher at Rs 31,080 per 10 grams, from last Friday's closing level of Rs 30,820 and later surged to a high of Rs 31,415 before
Over 1.5 million customers transacted 20 kg of gold items, mainly 24 carat gold coins, on its platform on the Akshaya Tritiya day this year, compared with 6.5 kg gold items on the same day last year
According to Angel Commodities, on Thursday , spot gold prices fell 0.3 percent to close at $ 1345.2 per ounce as expectations that the US - North Korea summit would be successful eased safe
Gold prices inched lower on Friday and were headed for the first weekly decline in three as expectations of higher US interest rates and easing political tensions on the Korean Peninsula and Syria
Gold prices edged down early on Friday as global political tensions eased, but expectations for rising inflation supported demand for the safe-have asset.
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