MCX gold slides ₹3,500 for the week as US yields hit 19-year highs
MCX gold dropped ₹3,500 per 10 grams this week, erasing recent gains, after US Treasury yields touched 19-year peaks and the Federal Reserve signalled further rate increases.
Gold Market
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Gold slides to one-week low as dollar and yields strengthen
Gold fell to a one-week low on Thursday as a stronger US dollar and rising bond yields reduced the metal’s appeal. Higher oil prices added to the headwinds.
Gold futures dip to ₹1,51,128 per 10 grams on weak demand
October gold futures on the MCX slipped ₹171 to ₹1,51,128 per 10 grams on weak spot demand. Global contracts in New York also eased, down 0.25 per cent to $4,277 an ounce.
Gold Price Stalls Below $4,420 as Resistance Holds Firm
Gold fell back from $4,450 and is struggling to break above $4,420. Technical indicators show resistance at $4,360 and a bearish trend line, with support at $4,250.
Gold holds above $4,250 as old link to yields weakens
Gold has been stuck between $4,250 and $4,400 per ounce. The usual negative correlation with Treasury yields has broken down, as US fiscal concerns and central bank buying support the metal.
Gold drops 1% after hawkish Fed rate hike, eyes key technical test
Gold slid over 1% to around $4,240 after the Federal Reserve raised rates to 3.75–4.00% and hinted at more tightening. The $4,320 level is now a key pivot point.
Gold edges lower as US dollar strength weighs on bullion
Gold slipped on Wednesday as the US dollar held near multi-week highs, bolstered by the Federal Reserve’s hawkish stance and ongoing geopolitical risks.
Gold price range-bound near $4,350 as traders await Trump-Xi meeting
Gold is trading near $4,350 on Wednesday, retracing part of its rebound from sub-$4,300. The metal remains range-bound as traders await the Trump-Xi meeting and weigh conflicting drivers.
Gold pulls back from $4,376 as dollar strength and rate-hike bets weigh
Gold retreated from a daily high of $4,376 to trade at $4,337 on Tuesday. A stronger US Dollar, rising Treasury yields, and hawkish Fed bets weighed on the metal.