Spot gold was up 0.2% at $1,967.39 per ounce, as of 0941 GMT. U.S. gold futures were unchanged at $1,984.60.
Central bankers and politicians are always talking about soft landings. I've never seen one yet, Rogers said.
Manoj Jain of Prithvi Finmart expects gold and silver prices to remain volatile in today’s session and continue to hold their respective support levels.
Manoj Jain of Prithvi Finmart expects gold prices to be in an uptrend with likely resistance at Rs 59,400-Rs 59,720 per 10 grams for the April contract on Multi Commodity Exchange of India.
Paul Karason took a homemade silver chloride colloid for years that eventually turned his skin blue in colour.
Ravindra Rao, CMT, EPAT VP-Head Commodity Research, Kotak Securities Ltd said the western banking crisis upended global markets, taking domestic gold prices to a record high, to above Rs 60,000 per 10 grams.
In the overseas markets, gold was quoting higher at $1,928 per ounce while silver was down at $21.87 per ounce.
Metals are trading higher, with gold up by 3%, silver by 6.2% & platinum by 2%. Is it a good time to sell or should you wait? Watch Commodities live with Manisha Gupta.
Amidst global recession concerns owing to the United States’ bank crisis, the US Dollar (USD/$) is weak. Gold stands at a six-week high and central banks continue to buy. All eyes are on the Consumer Price Index (CPI) data due today on March 14, and the US Federal Reserve meet scheduled on March 22. Catch Manisha Gupta LIVE on Commodities.
The U.S. dollar and Treasury yields extended their declines despite efforts by regulators to control the Silicon Valley Bank and Signature Bank turmoil.
Metals trade firm on weak USD with gold and silver prices at hike at 4 and 3 weeks high respectively. China's demands improve with the onset of peak construction season in China. All eyes are on US CPI data and the FED meeting. Catch Manisha Gupta live on Commodities.
Spot gold was up 0.1% at $1,832.24 per ounce, as of 0716 GMT. U.S. gold futures also rose 0.1% to $1,836.20.
Global banks predict that crude prices will surge in the second half of 2023, despite crude falling 5 percent this week. According to OPEC, China's demand in 2023 could rise by 500,000-600,000 barrels per day. Catch Manisha Gupta live on Commodities.
The yellow metal had closed at Rs 55,710 per 10 grams in the previous trade. Silver also plummeted Rs 2,285 to Rs 62,025 per kilogramme.
Energy prices are on the on decline due to weak China growth estimates. Crude oil price is also under pressure. Catch Manisha Gupta live for all the action in the commodities markets!
We look at the prospects of further monetary tightening. While the dollar index remains at a seven-week high, Brent is headed for a fourth monthly decline and gold & silver lose shine in February. Catch Manisha Gupta live for all the action in the commodities markets!
The yellow metal had ended at Rs 55,705 per 10 grams in the previous trade.
Gold and Silver prices are at 2023-low with Gold prices falling over 6.2% in a month and Silver losing more than 12%. India wedding demand in May-June is expected to be higher as prices fall.
Steel at 7 month high above CNY4250 a tonne. Reopening after lockdowns. World steel production in January 2023 at 145.3 million tonnes. Copper prices surge to three-week high. Catch the latest in commodities with Manisha Gupta live!
Prices for natural gas have fallen below $2.2/MMBTu. There is a 28-month low in prices. The price of gas in Europe has fallen to its lowest level since August 2021. The price of MWH falls below euro 50. Catch the latest in commodities with Manisha Gupta live!
In the previous trade, the yellow metal had closed at Rs 56,471 per 10 grams. Silver also plunged Rs 230 to Rs 65,742 per kg
Ferrous metals hold firm: Steel and iron ore are both gaining in price. Further stimulus may be announced at the China National People's Congress in March. Also, 16 major cities in China reported an increase in new home sales for the third week in a row. Steel prices are near a seven-month high. Catch the latest in commodities with Manisha Gupta live!
The price of Arabica coffee futures has reached a four-month high at $1.78 a pound. The Brazil cocoa harvest will be 62.3 million tonnes in 2023-24. The cocoa price has reached a one-year high of $2,700 a tonne. Exporters in the Ivory Coast are on the verge of defaulting on their agreements. Global Epex reports a 15% increase in cocoa grinding on a year-over-year basis. Catch the latest in commodities with Manisha Gupta live!
Catch the latest in commodities with Manisha Gupta live!
Catch the latest in commodities with Manisha Gupta live!