Central banks bought 23 tonnes of gold in July, led by China and Poland
Central banks net purchased 23 tonnes of gold in July, led by China (20t) and Poland (8t). Year-to-date purchases total 130 tonnes, lower than 160t a year ago. Russia sold 6t.
Gold Market
GoldRate Desk
Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold jumps 1.1% as dollar and yields retreat ahead of US jobs data
Spot gold rose 1.1% to $4,434.70 on Thursday as the US dollar and Treasury yields slipped. Markets await Friday's nonfarm payrolls data for clues on the Fed's next rate move.
Gold holds gains after Trump signals short Middle East conflict
Gold steadied near $4,387 an ounce after President Trump signalled no prolonged Middle East war, easing inflation concerns. A softer dollar and mixed jobs data also supported the metal.
Gold treads water before US jobs data
Gold prices held steady in early Asian trade on Thursday as investors awaited US nonfarm payrolls data that could influence the Federal Reserve's next policy move.
Gold and silver rise for second day as dollar weakens and yields ease
Gold and silver prices rose for a second straight session on MCX as the US dollar weakened and bond yields eased. Investors now await US nonfarm payrolls data.
Gold climbs above $4,370 as yen intervention talk weakens dollar
Gold rose over 1% to $4,373 on Wednesday, supported by a weaker US dollar amid speculation of Japanese yen intervention. Weak ADP jobs data and steady Treasury yields also influenced the market.
Gold market outlook: Jeffrey Christian on Fed, India demand and bond volatility
CPM Group's Jeffrey Christian examines the macroeconomic forces affecting gold, from the Fed's Jackson Hole meeting and India's jewellery market to bond market volatility and his outlook to year-end.
Augmont Enterprises share rises 5% despite PM Modi’s gold appeal
Augmont Enterprises shares rose 5% on Wednesday, touching an intraday high of ₹925.65. The gain came despite PM Modi’s renewed appeal to avoid gold purchases.
Gold steadies above $4,300 but rate-hike expectations weigh
Gold has climbed back above $4,300 after a sharp 2.7% fall, helped by a pullback in Treasury yields, though rising Fed rate-hike bets and a firmer dollar cap the rebound.