Fed tightening bets and rising oil prices push gold lower
Gold prices declined on Monday as a rebound in oil prices heightened inflation concerns and strengthened the case for additional Federal Reserve rate increases.
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Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold slides at week open as $4,200 support comes under pressure
Gold fell roughly 2% on Monday as it challenged the $4,200 support level. The decline was driven by geopolitical tensions and rising expectations of a Federal Reserve rate hike, which supported the US dollar.
Gold falls Rs 3,214 on MCX as oil rally fuels rate-hike bets
Gold futures on MCX fell Rs 3,214 per 10 grams and silver dropped Rs 6,661/kg as rising oil prices revived inflation concerns and expectations of further US rate hikes.
Gold Falls to 4321 as War and Rate Pressures Persist
Gold recorded its fourth down week in five, settling at 4321 amid ongoing war and rising interest rates. The metal sits just above a key parabolic trend flip level at 4190.
Baanganga Gold & Diamond files DRHP for ₹720 crore IPO
Baanganga Gold & Diamond has filed its DRHP for a ₹720 crore IPO, comprising a fresh issue of ₹540 crore and an OFS of ₹180 crore. Proceeds will fund working capital.
Gold steadies as falling oil and softer dollar offset yield pressure
Gold held firm near $4,280 on Friday, recovering from a two-day decline as lower oil prices and a softer dollar countered pressure from elevated Treasury yields and Fed tightening bets.
Gold edges up Friday but heads for weekly loss on rate hike bets
Gold prices edged higher on Friday but are set for a weekly decline of 2.1% as rising US Treasury yields and expectations of further Federal Reserve rate increases dampened investor appetite.
Gold under pressure as rising real yields punish the metal
Gold has fallen almost a quarter from its January high as US Treasury real yields rise. The metal is competing with bonds that now pay more above inflation, and the trend may continue until the Fed stops raising its rate forecasts.
MCX gold slides ₹3,500 for the week as US yields hit 19-year highs
MCX gold dropped ₹3,500 per 10 grams this week, erasing recent gains, after US Treasury yields touched 19-year peaks and the Federal Reserve signalled further rate increases.