Gold hits three-month high as weaker dollar boosts rally
Gold prices climbed to a three-month high on Friday, extending gains for a third consecutive week as a softer US dollar and positive technical signals attracted investors.
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Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Seven consumer discretionary stocks hit 52-week highs as Sensex flattens
Seven stocks from the BSE Consumer Discretionary Index hit fresh 52-week highs on Friday, recording monthly gains of 8% to 37% even as the broader Sensex remained flat.
Gold heads for third weekly gain as dollar softens
Spot gold rose 0.5% to $4,540.18 on Friday and has gained 3.6% this week, helped by a softer dollar and Treasury buyback plans.
Gold loan stocks jump up to 7% as gold price tops Rs 1.6 lakh
Shares of gold loan lenders Muthoot Finance, Manappuram Finance, and IIFL Finance rose up to 7% in two sessions after gold prices crossed Rs 1.6 lakh per 10 grams on the MCX.
Gold futures jump ₹1,432 to ₹1.60 lakh/10 gm on fresh buying
Gold futures on the MCX climbed ₹1,432 to ₹1.60 lakh per 10 grams, driven by fresh speculative positions and firm physical demand. The October contract traded at ₹1,60,857.
Hua Hong, Kingboard, Zijin Gold among stocks eyed for Hong Kong index
Analysts tip Hua Hong Grace Semiconductor, Kingboard Laminates and Zijin Gold International for addition to Hong Kong’s Hang Seng Index in its upcoming quarterly review.
Gold jumps Rs 6,400 per 10 grams in three sessions on MCX
Gold gained nearly Rs 6,500 per 10 grams and silver surged Rs 13,000 per kg over three consecutive sessions on the MCX, supported by a weaker US dollar and lower Treasury yield expectations.
Gold rises to fresh high since June above $4,500 amid USD weakness
Gold rose to $4,544 during Asian trading on Friday, its highest since early June, supported by renewed US dollar selling and expectations that the Federal Reserve may hold off on rate hikes. However, geopolitical tensions and higher oil prices kept gains in check.
Gold heads for third weekly gain after US Treasury buyback plans
Gold is set for its third consecutive weekly gain after the US Treasury's unexpected buyback of long-dated debt highlighted concerns over government borrowing costs. Bullion traded around $4,530 an ounce.