Gold holds near 1-week low as Powell sticks to hawkish narrative
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes.FILE PHOTO: An employee casts ingots of 99.99 percent pure gold during production at Krastsvetmet precious metals plant in the Siberian […]
Gold, silver prices remain unchanged, yellow metal trades at Rs 56,550
Gold prices remained unchanged during Monday’s early trade, with ten grams of 24-carat gold trading at Rs 56,550, according to the GoodReturns website. Silver prices also remained unchanged, with 1 kg of the precious metal selling at Rs 66,900. The price of ten grams of 22-carat gold […]
Gold prices rise by Rs 100 to Rs 56,550, silver remain prices unchanged
Gold prices rose during Saturday’s eary trade by Rs 100 with ten grams of 24 carat gold selling at Rs 56,550, according to the GoodReturns website. Silver prices remained unchanged with 1 kg of the precious metal trading at Rs 66,900. The price of ten grams of 22 carat gold […]
Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
Softer dollar sets gold on track for best week since mid-January
(Reuters) – Gold prices climbed to their highest in more than two weeks on Friday and were on track for their biggest weekly rise since mid-January, supported by a softer dollar as investors gauged the U.S. central bank’s policy path.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious […]
Asia Gold-China demand buoyant, India ramps up purchases
By Rajendra Jadhav, Seher Dareen* Gold imports flowing into China over past few weeks- MKS PAMP* Indian banks importing more gold since market at premium-dealer* Domestic prices in Japan hovering near historic highs- traderMarch 3 (Reuters) – Physical gold prices traded at a premium in India this week, as a drop in domestic rates encouraging […]
Gold prices rise by Rs 160 to Rs 56,450, silver price falls by Rs 300
Gold prices rose by Rs 160 from yesterday’s close during Friday’s early trade with ten grams of 24 carat gold selling at Rs 56,450, according to GoodReturns website. Silver prices went down by Rs 300 with 1 kg of silver trading at Rs 66,500. The price of ten grams of […]
Gold loses steam as dollar turns higher, rate worries persist
(Reuters) – Gold prices were set to break a three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve.FILE PHOTO: 50g gold ingots are pictured after being minted at the plant of refiner and bar manufacturer […]
Gold gains as dollar rally cools, but rate-hike fears linger
(Reuters) – Gold prices ticked up on Monday on a pullback in the dollar, although worries around further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, […]
Gold, silver prices unchanged; yellow metal trading at Rs 56,180 per 10 gm
Gold prices remained unchanged during Monday’s early trade with ten grams of 24 carat gold trading at Rs 56,180, according to the GoodReturns website. Silver prices also remained unchanged with 1 kg of silver selling at Rs 67,500. The price of ten grams of 22 carat gold remained unchanged, as the […]