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gold prices

Before Market Opens: 9 essential things to know at 9 am on May 31, 2024

by Albert Wagner
Before Market Opens: 9 essential things to know at 9 am on May 31, 2024

Before Market Opens: Indian markets are set to open on a lower note for the sixth straight session on Friday following disappointing US GDP Data for the March quarter and …

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Focus shifts to US CPI ahead as gold prices experience largest weekly decline in six weeks

by Craig Fedirighi
Focus shifts to US CPI ahead as gold prices experience largest weekly decline in six weeks

COMEX Gold prices are on track for their most significant weekly decline in six weeks, driven by a sell-off in the longer end of the US treasuries and positive US …

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Categories Business

Next Week’s Gold Price: Rangebound with a Bearish Outlook

by Craig Fedirighi
Next Week’s Gold Price: Rangebound with a Bearish Outlook

Highlights of the week ended August 4 included a huge surge in long-dated US yields and a US credit rating downgrade by Fitch. Long-term yields surged to fresh cycle high …

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Categories Business

India’s Gold Demand in 2023 Predicted to Decline by 10%, Reaching a 3-Year Low according to WGC

by Craig Fedirighi
India’s Gold Demand in 2023 Predicted to Decline by 10%, Reaching a 3-Year Low according to WGC

India’s gold demand in 2023 could decline by 10% compared to the previous year, marking the lowest level in three years, according to the World Gold Council (WGC). This decrease …

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Categories Business

Gold price forecast for the week ahead: Bullion appears weak, encountering resistance around $1965/$1987

by Craig Fedirighi
Gold price forecast for the week ahead: Bullion appears weak, encountering resistance around 65/87

Spot gold closed with a loss of $1 at $1959.20 in an eventful week. Gold got some boost from the peak rate narrative as both the European Central Bank and …

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Categories Business

Gold prices remain range-bound leading up to the US Federal Open Market Committee (FOMC) decision next week.

by Craig Fedirighi
Gold prices remain range-bound leading up to the US Federal Open Market Committee (FOMC) decision next week.

The metal benefited from the peak rate narrative being pushed by the markets as inflation readings in the US, Australia, New Zealand, and the UK came in short of forecast, …

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Categories Business

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