Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears
Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and […]
Gold Slumps Below $1,800 as Fed Fears Resurface
Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for the first session in four on Monday, recovering from a five-month […]
Gold Hits Over 3-Month High As Powell Flags Slower Rate Hikes
Gold prices raced to a three-month high on Thursday after a forecast of smaller interest rate hikes by Federal Reserve Chair Jerome Powell sparked a rally in metal markets, while easing COVID-19 lockdowns in China saw copper prices surge to a two-week peak. The Fed chair said in an address at Washington that the central […]
Gold prices rise for 6th straight day amid easing US bond yields
By Administrator_ India Capital Sands Gold prices edged higher on Wednesday and were on course for a sixth straight session of gains, driven by a dip in US Treasury yields ahead of minutes from the Federal Reserve’s June meeting that could provide more clues on the policy stance. Spot gold rose 0.32 percent to $1,801.55 per ounce by […]
U.S. coronavirus fraud losses near $100 million as COVID scams double
By Administrator_India Capital Sands U.S. losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said on Tuesday. A report from the group, based on government data, highlighted the vast […]
India’s 2020 gold demand may hit 26-year low as prices rally: WGC
By Administrator_India Capital Sands India’s gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday. Lower demand by the world’s second-biggest bullion consumer could […]
Gold Up Ahead of Fed Policy Meeting Details Reveal
By Administrator_India Capital Sands Gold was up on Wednesday morning in Asia, building on its gains from the previous session. Gold futures were up by 0.08% at $1,723.25 after jumping 1.2% during the previous session. Stocks, which usually move inversely to gold, were mostly up. Investors continued to be cautiously optimistic ahead of the […]