Gold Market
Daily movements in the gold market and what is driving them.
Gold prices dropped more than 2.5% on Friday after Federal Reserve Chair Kevin Warsh delivered hawkish remarks at Jackson Hole. A rising US dollar and higher Treasury yields pushed the yellow metal lower.
A Taurex study covering 2020 to August 2026 shows Google as the best-performing asset (+291%), while Bitcoin fell 30%. Gold, Apple, Microsoft and BAE Systems each delivered gains of more than 100%.
Motilal Oswal advises investors to favour gold over silver, even as Indian equity headwinds ease. The brokerage remains neutral on equities but overweight mid- and small-caps.
Gold traded little changed near $4,604 an ounce on Friday as investors looked ahead to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on interest rate policy.
Troilus Mining has received a letter of interest from Finnvera for up to $132 million in export credit support to finance equipment for its gold-copper project in Quebec.
Gold and silver opened higher on the MCX on Thursday, supported by falling oil prices and a softer dollar, as traders look ahead to Fed Chair Kevin Warsh's Jackson Hole speech.
Gold fell over 1.37% on Wednesday, slipping below $4,600, after US inflation data aligned with estimates and raised the likelihood of a Federal Reserve rate hike in December 2026.
Gold and silver futures edged higher on the MCX on Wednesday as market participants looked ahead to the US PCE inflation report for signals on the Federal Reserve's interest rate outlook.
Gold prices held steady as investors focused on upcoming US inflation data for clues on the Fed's interest rate path. Other precious metals edged higher amid global economic concerns.