HSBC names Titan and Kalyan Jewellers as top jewellery sector picks
HSBC has named Titan Company and Kalyan Jewellers as its preferred jewellery stocks, with Buy ratings and target prices of Rs 5,550 and Rs 770 respectively.
Gold Market
Market News
Daily movements in the gold market and what is driving them.
Gold and silver ETFs drop up to 4% on Fed hawkishness and rising yields
Gold and silver ETFs fell up to 4% on August 31 after hawkish Federal Reserve remarks pushed bond yields higher and strengthened rate-hike expectations, while US-Iran tensions fuelled inflation concerns.
Gold slides to near two-week low on Fed rate hike expectations
Spot gold fell 0.7% to $44,423.84 per ounce, hitting its lowest in nearly two weeks after Federal Reserve Chair Kevin Warsh indicated that interest rate hikes may be needed to curb inflation.
Gold prices drop ₹9,500 per 10 grams in four days as rate hike bets rise
Gold prices fell ₹9,500 per 10 grams over four sessions and silver dropped ₹7,700 per kg after Fed Chair Kevin Warsh's comments raised expectations of higher US interest rates.
Gold steadies near $4,450 after Fed rate-hike speculation triggers sell-off
Gold steadied near $4,450 an ounce on Monday after suffering its steepest loss in over two months, as Fed Chair Kevin Warsh's commitment to fighting inflation drove bets on a September rate rise.
Gold market awaits US jobs data and geopolitical cues in September
September is set to bring fresh volatility for gold, with US jobs reports and geopolitical tensions taking centre stage after a notable price decline.
Gold and defence stocks among top alternatives to crypto since 2020
A study by Taurex shows traditional assets including gold, Google and BAE Systems have delivered strong gains since end-2020, outperforming volatile crypto markets.
Crude oil sees first weekly drop in three weeks, gold implications in focus
Crude oil posted its first weekly decline in three weeks as improved flows through the Strait of Hormuz eased supply fears. Brent fell over 5%, WTI over 4%. The move has implications for gold.
Gold drops more than 3% as Fed’s Warsh comments fuel rate hike bets
Gold fell more than 3% on Friday as Federal Reserve Chair Kevin Warsh’s remarks on inflation boosted expectations for a September interest rate increase. A stronger dollar added to the decline.