[ad_1] Last Updated: July 07, 2023, 02:06 IST New York, United States of America (USA) Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding non-yielding bullion. Spot gold was down 0.4% at $1,910.15 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled 0.6% … Read more
[ad_1] Last Updated: July 01, 2023, 02:03 IST New York, United States of America (USA) Prices have shed 2.5% this quarter, dropping from levels just shy of all-time highs at $2,072 in May, caused by nervousness about the health of the U.S. banking sector, to below $1,900 on Thursday. Spot gold rose 0.5% to $1,917.94 … Read more
[ad_1] Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline. The blue-chip Dow … Read more
[ad_1] Last Updated: June 16, 2023, 02:30 IST London, United Kingdom (UK) U.S. Treasury yields were lower as investors digested the economic data and the Fed’s update. Equities trading had been choppy on Wednesday after the Fed signaled it could follow its June pause with two more rate increases this year MSCI’s global index of … Read more
[ad_1] Last Updated: June 13, 2023, 01:53 IST New York, United States of America (USA) Silver fell 1.3% to $23.95 per ounce, while platinum dipped 1.92% to a two-month low at $989.67. (Reuters File Photo) Spot gold fell 0.4% to $1,953.77 per ounce by 1:40 p.m. EDT (1740 GMT). U.S. gold futures settled 0.4% lower … Read more
[ad_1] Last Updated: June 09, 2023, 01:48 IST New York, United States of America (USA) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT). U.S. gold futures settled up 1% at $1,978.60. (Reuters File Photo) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT) Gold … Read more
[ad_1] Last Updated: June 08, 2023, 00:54 IST New York, United States of America (USA) U.S. gold futures fell 1% to $1,961.50. Spot gold slipped 0.9% to $1,945.99 per ounce by 12:07 p.m. EDT (1607 GMT) Gold prices fell on Wednesday, weighed by an uptick in U.S. bond yields, while investors looked forward to inflation … Read more
[ad_1] Last Updated: June 06, 2023, 02:49 IST New York, United States of America (USA) FILE PHOTO: A saleswoman shows gold bangles to a customer at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. (Image: Reuters) Spot gold gained 0.6% to $1,958.89 per … Read more
[ad_1] Last Updated: May 31, 2023, 23:48 IST New York, United States of America (USA) U.S. gold futures rose 0.5% at $1,987.20. Spot gold was up 0.4% at $1,967.29 per ounce by 1209 EDT (1609 GMT) on weaker-than-expected Chicago purchasing managers’ index (PMI)data Gold firmed on Wednesday supported by lower Treasury yields but the dollar’s … Read more
[ad_1] Last Updated: May 26, 2023, 23:53 IST New York, United States of America (USA) On Thursday US President Joe Biden expressed confidence about the talks, saying there will be no default and that recent talks had been productive.U.S. President Joe Biden and top congressional Republican Kevin McCarthy appeared to be closing in on an … Read more