Yellow metal trades higher; buy for a target of Rs 47,850, say experts
By Administrator_India Capital Sands India Gold MCX June futures rose on Monday tracking positive trends seen in the international spot prices supported by a soft dollar ahead of the U.S. Federal Reserve policy meeting this week. On the Multi-Commodity Exchange (MCX), June gold contracts were trading higher by 0.11 percent at Rs 47,584 for 10 grams […]
Gold steady as inflation bets counter firm US dollar, yields
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures edged […]
Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia, with investors and Congress reassured by U.S. Federal Reserve Chair Jerome Powell that inflation will remain under control. Gold futures were up 0.34% at $1,730.90 by 11:48 PM ET. The dollar, which normally moves inversely to gold, inched up to a more […]
Gold Down, But U.S. Stimulus Hopes Cap Losses
By Administrator_ India Capital Sands Gold was down on Monday morning in Asia, giving up some earlier gains as it recovers from a sharp decline seen during the previous session. However, investor hopes that the U.S. would pass more stimulus measures that could kickstart the economic recovery from COVID-19 capped losses. A $1.9 trillion stimulus […]
Gold inches down as higher yields outweigh stimulus optimism
By Administrator_ India Capital Sands Gold prices edged lower on Thursday as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus. Spot gold eased 0.1% to $1,916.77 per ounce by 0250 GMT, after declining more than 1.5% in the previous session. U.S. gold futures climbed […]
Gold Up After Trump Signs Latest Stimulus Measures
By Administration_ India Capital Sands Gold was up on Monday morning in Asia, boosted by the news that U.S. President Donald Trump signed a long-awaited COVID-19 relief bill into law. Gold futures were up 0.84% at $1,899.05 by 11:23 PM ET (4:23 AM GMT), after jumping 1% earlier. The dollar was down on Monday, also giving […]
Gold Up on Mixed U.S. Stimulus News
By Administrator _India Capital Sands Gold futures inched up 0.08% to $1,863 by 11:53 PM ET (3:53 AM GMT). Investors in gold were left uncertain as to which way to turn on Friday morning in Asia. Overnight, the U.S. has made two conflicting moves regarding the future of its COVID-19 stimulus path. On the one hand, […]
Gold Heads for First Weekly Drop in Three as Stimulus in Focus
By Administrator _ India Capital Sands Gold’s been trading in a narrow range so far in October amid uncertainty surrounding the prospects of a stimulus deal being passed before the Nov. 3 presidential election. The International Monetary Fund has said that more public spending will be needed to complete the economic recovery from coronavirus. Spot […]
Gold Jumps Over Weaker Dollar, Stimulus Hopes Revive
By Administrator_ India Capital Sands Gold futures jumped 1.15% at $1,916.80 by 11:07 PM ET (3:07 AM GMT), climbing above the $1.900-mark. The dollar was down on Friday. Talks between House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin over the measures resumed on Thursday, with President Donald Trump announcing that talks with Congress have resumed […]
Gold set for worst monthly fall in 4 years as dollar strengthens
By Administrator_India Capital Sands Gold in the international market declined on Wednesday and was on track for the biggest monthly fall in nearly four years, as the dollar benefited from caution that crept into the financial markets after the first US presidential debate. Spot gold dropped 0.67 per cent to $1,885.4 an ounce (until 7.35 pm IST), […]