Indian gold prices hit record high, dampening demand, say dealers
MUMBAI (Reuters) – Indian gold futures hit a record high on Friday, tracking gains in overseas market, but the price rise dampened demand in the world’s second biggest consumer of the precious metal, dealers said. Local gold futures rose to 56,245 rupees ($691.45) per 10 grams, surpassing the previous […]
Gold Touches $1900 as Inflation Cools!
Inflation in America dropped again, with the biggest reason for the easing coming from a sharp drop in gasoline prices. Markets are watching the Fed’s moves closely as officials battle against inflation. Will the next meeting bring any surprises or fall in line with the consensus? Timestamps XAUUSD 01:45 EURUSD 03:00 The post Gold Touches […]
Gold Price Forecast for 2023 and Next 5 Years: Predictions for 2024-2025, 2030
2023-01-09 2023-01-09 Gold Price Forecast & Predictions: 2023 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The […]
Silver to Outperform Gold, Mainstream Media Is Clueless
Silver and gold were featured in a mainstream news article recently, and as Mike Maloney shows in today’s video – it is proof that they really don’t know what they are talking about. Join Mike as he gives his opinion on the price targets given for silver, and hear his method for obtaining twice as much […]
Govt to mandate jewellery hallmark standards in 43 more districts
The Bureau of Indian Standards (BIS) will add 43 more districts to mandate the jewellery hallmark standards. At present, hallmarking of jewellery items are mandatory in around 288 districts across the country. “District coverage is increasing in terms of hallmarking of products. More 43 districts will be added […]
Gold spot prises are on the rise as US inflation remains high
How many times have you read or heard that gold is a safe haven for investors and traders? Numerous is probably the answer. High inflation figures recorded in most major economies seem to have boosted gold spot prices as demand has increased. Gold spot prices hovered around $1,884 per ounce on January 12th. Gold […]
‘Major Wipeout’ Of Fiat Currencies This Year To Cut Dollar In Half?
The US dollar crushed nearly every other currency in 2022, though it’s off nearly 10% from last year’s highs now.While much debate currently centers around whether the dollar will weaken further will or resume its run higher in 2023, today’s guest is more concerned about how much longer it has left as the pre-eminent currency […]
India’s gold imports plunge 79% in December on weak demand, high prices
India’s gold imports declined 79 per cent in December to 20 tonnes against 95 tonnes a year ago amid sharp rise in prices in rupee terms, weak demand and a surge in smuggling.A as result, gold imports in 2022 dropped 34 per cent to 706 tonnes from 1,068 tonnes a year ago, bullion sources said.In the first […]
Gold Optimistic About Softening U.S. Inflation
GOLD OUTLOOK & ANALYSIS Markets already pricing in weaker U.S. inflation, gold bid U.S. CPI and Fed officials in focus. Bearish divergence could see sharp pullback on daily XAU/USD should inflation remain high. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold is trading higher this morning ahead of the much […]
XAU/USD eyes $1,900 and US CPI on renewed upside – Confluence Detector
Gold price looks north, as US Dollar licks its wounds amid sluggish Treasury yields. Markets turn cautious amid expectations of a softer US CPI report. Gold bulls stay hopeful whilst above critical $1,825 support, eye $1,850 again. Gold price is holding near eight-month highs, as bulls seek another to take on the $1,900 barrier ahead […]