Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 9,194.51 Indian Rupees (INR) per gram, broadly stable compared with the INR 9,185.40 it cost on Tuesday. The price for Gold was broadly steady at INR 107,242.90 per tola ... Read More
Author Archives: admin
Gold rate today: Weakening bias may persist after a volatile week as prices cools off in line with easing geopolitical tensions. (AI image) Gold price prediction today: Gold rates have been declining amidst easing Iran-Israel tensions and lower demand for safe haven assets. Maneesh Sharma, AVP - Commodities & Currencies, ... Read More
With de-escalating tensions between Iran and Israel, the demand for safe haven slipped as the prices of gold August futures contracts at MCX slipped by Rs 2,000 in just 2 days. The bullion opened today at Rs 97,365/10 grams.Meanwhile, silver July futures contracts also slipped by Rs 1,450 in the ... Read More
Gold price extends Tuesday’s late rebound into early Wednesday, looks to $3,350.US Dollar rebound loses steam despite shaky Middle East ceasefire, hawkish Fed’s Powell. Gold price defends the critical 50-day SMA support while the daily RSI struggles near the middle. Gold price is building on its previous rebound early Wednesday, ... Read More
Gold price loses traction to around $3,325 in Wednesday’s early Asian session.The Iran-Israel ceasefire weighs on safe-haven assets like Gold.Fed’s Powell said US central bank should not hurry to adjust policy. The Gold price (XAU/USD) edges lower to near $3,325 during the early Asian session on Wednesday. The precious metal ... Read More
Weekly Support at $3,293 The interim higher swing low at $3,293 is also a weekly low and close to the previous week’s low at $3,296. Together, they identify a potential significant weekly support level. Therefore, a sustained drop below $3,293 could see a burst in momentum as the possibility of ... Read More
XAU/USD Current price: $3,312.61Easing concerns about the Middle East crisis undermined demand for Gold.A hawkish US Federal Reserve Chairman adds to the risk-on mood. XAU/USD bounced from sub-$3,300, a near-term bottom not yet confirmed. Spot Gold is depressed, barely holding above the $3,300 threshold. The XAU/USD pair is sharply down ... Read More
Federal Reserve (Fed) Chairman Jerome Powell testifies about the Semi-Annual Monetary Policy Report before the House Financial Services Committee.Powell testimony key takeaways"US not in recession.""Many paths are possible.""Could see inflation come in not as strong as expected.""If that's the case that would suggest cutting sooner.""Also, weakening labor market would suggest ... Read More
And now we’re in a situation where we’ll have to see whether or not the currency markets could give a hand. After all, the US dollar starts falling, it is possible gold gets a bit eventually, but there’s so much going on right now at the same time that it’s ... Read More
Gold price is down over 1% to near $3,320 as the Israel-Iran ceasefire diminishes safe-haven demand.Fed Bowman supports interest rate cut in July amid growing labor market risks.The US Dollar sumps on Israel-Iran ceasefire and Fed Bowman’s dovish commentary.Gold price (XAU/USD) plummets to near $3,320 during the European trading session ... Read More