“The market’s focus has shifted from inflation fear to growth fragility,” noted Thomas Bucher, strategist at DWS. “That’s supportive for metals with defensive characteristics like gold.” Labor Market Strength and Mixed Fed Rhetoric Shape Outlook The latest JOLTS data showed 7.39 million job openings in April, beating the 7.34 million ... Read More
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Gold prices may have hit their peak and could decline by 12–15% in dollar terms over the next two months, according to Quant Mutual Fund. “However, our medium-term and long-term views are equally constructive and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,” ... Read More
Gold prices rose in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 9,275.17 Indian Rupees (INR) per gram, up compared with the INR 9,256.11 it cost on Tuesday. The price for Gold increased to INR 108,183.80 per tola from INR 107,961.50 per tola ... Read More
Gold price prediction: This week will remain volatile and set tone in terms of new direction in prices. (AI image) Gold price prediction today: Gold prices ended the last week down and also continued to consolidate during the entire May month below record highs touched in April. Meanwhile, spikes seen ... Read More
Gold price bounces back toward $3,400 early Wednesday, awaits US jobs data.The US Dollar loses JOLTS survey-led traction as trade jitters remain a drag. Gold price retests key resistance zone near $3,377 on the daily chart amid bullish RSI.Gold price is staging a tepid turnaround above $3,350 in Asian trading ... Read More