By Administrator_India Capital Sands Gold prices were on track for their biggest weekly gain in more than two months on renewed signs that the U.S. Federal Reserve may not taper economic support and hike interest rates in the near term. Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest …
By Administrator_India Capital Sands Gold headed for the biggest monthly advance since July, with inflation risks in focus ahead of key U.S. jobs data due later this week that will offer clues on the economic recovery. Some Federal Reserve officials have said that recent price pressures are to be expected as the economy reopens amid …
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. FUNDAMENTALS Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures …
By Administrator_India Capital Sands Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion. Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since Dec. 2, and was down 0.7% at $1,835.96 by …
By Administrator_India Capital Sands Gold fell on Tuesday as risk appetite was boosted by plans of some countries to ease coronavirus curbs in a phased manner, but prices held above the key $1,700 per ounce level amid hopes for more stimulus to cushion the fallout from the pandemic. *Spot gold eased 0.7% to $1,702.09 per …
By Administrator_India Capital Sands Gold extended a rally to hit the highest level in more than seven years on concern that the coronavirus pandemic will have a devastating effect on the global economy, hammering corporate earnings while supercharging demand for havens. Bullion has soared as the outbreak tipped economies into recession and spurred central banks …
