Gold net longs jump as CFTC data shows broad positioning shift
Speculative gold positioning saw its largest weekly increase since early June in the week to August 25. CAD short covering led broader shifts across currencies and commodities.
Gold Market
Tagged: gold futures
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.
Gold futures edge lower on MCX, dip ₹120 to ₹1,63,109 per 10 grams
Gold futures on the MCX slipped ₹120 to ₹1,63,109 per 10 grams on Tuesday as spot demand weakened. Global benchmarks also fell.
Gold futures climb ₹1,283 to ₹1.63 lakh per 10 grams on MCX
Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.
Gold and silver futures rally, analysts see further upside
Gold futures broke through ₹1,55,000 to hit ₹1,62,680, while silver rebounded from ₹2,30,000. Analysts expect the rally to continue with targets of ₹1,70,000 and ₹2,60,000.
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.
MCX shares jump 4% as gold and silver rise on US Treasury move
MCX shares jumped over 4% as gold, silver and copper futures rose after a US Treasury liquidity support announcement. The stock has returned around 900% in three years.
Gold edges higher for third session as rate-hike fears ease
Gold extended its gains for a third straight session on Wednesday, supported by easing fears of a US rate hike and a weaker dollar. Investors now await the Federal Reserve’s policy minutes for further direction.
Gold declines on MCX but gains globally as Fed rate hike expectations ease
Gold prices slipped on the Multi Commodity Exchange (MCX) on Tuesday even as international benchmarks extended gains. The divergence came as traders toned down expectations of an aggressive US Federal Reserve rate hike.