Gold bounces off one-week low but upside remains capped
Gold recovered from one-week lows near $4,350 early Wednesday, but the rebound looks fragile as Middle East tensions persist and traders eye US inflation data due this week.
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Original summaries of the reporting that moves the gold price, with every source linked.
Gold and silver slip for second day as traders eye US inflation data
Gold and silver prices declined for a second day on the MCX as traders assessed Middle East tensions, rising crude oil, and a 60% chance of a Fed rate hike. US inflation data is the next focus.
Gold rebounds from one-week low as dollar softens, upside capped
Gold rebounds from a one-week low near $4,340 as the US dollar weakens. However, expectations of further rate hikes and rising geopolitical tensions cap the upside ahead of US inflation data.
Gold slips as Middle East tensions fuel inflation fears
Gold prices fell on Wednesday as intensifying conflict in the Middle East pushed crude oil higher, stoking inflation fears and raising expectations of a US interest rate hike.
Gold rebounds towards $4,450 as US dollar weakness persists
Gold rebounded early Tuesday, recovering from a two-day slide as the US dollar softened broadly. The metal found buyers below $4,400 and now eyes the 21-day SMA near $4,465.
Gold price support keeps South African Rand resilient, TD Securities says
TD Securities remains constructive on the South African Rand, citing gold prices above $4,000/oz and resilient global risk sentiment as key supports despite domestic political noise.
India Gold Metaverse names Nirakar Chand MD of BullionX
India Gold Metaverse has appointed Nirakar Chand, former CEO of Diamond India, as Managing Director of BullionX, its technology platform for bullion markets.
Gold slips on oil price surge and inflation jitters ahead of US CPI
Gold fell on Tuesday as rising oil prices and geopolitical tensions took centre stage, with traders turning their attention to upcoming US inflation reports.
Gold edges higher on soft dollar as markets await US inflation data
Gold and silver gained internationally as the dollar softened. Traders are watching US inflation data for clues on the Fed's next move.