Gold Market
Kunal Shah of Nirmal Bang remains bullish on commodities. He names gold, silver, copper, crude oil and sugar as top buy-on-dip picks, citing central bank buying and supply constraints.
Jefferies warns that sustained upward pressure on US Treasury yields could create a difficult backdrop for equities, particularly REITs. It stays bullish on gold and gold miners as a hedge against dollar debasement.
The US Mint’s new $1 coin featuring President Donald Trump sold out hours after release. The gold-coloured coin contains no actual gold, being made of copper, zinc, manganese and nickel.
Gold prices held steady in early Asian trade on Thursday as investors awaited US nonfarm payrolls data that could influence the Federal Reserve's next policy move.
Gold remains close to a two-week low near $4,460 as Fed Chair Warsh’s hawkish tone and oil-fuelled inflation fears push September rate hike probability above 65%.
Gold and silver have rallied sharply, but renewed US rate hike fears after Fed Chief Kevin Warsh's Jackson Hole speech have clouded the near-term outlook. We compare the two metals.
Gold is consolidating near $4400 on Monday, a day after suffering its largest single-day loss in more than two months following hawkish remarks from Fed Chair Warsh.
After a strong rally in gold and silver, ICICI Direct's Pankaj Pandey advises investors to adopt a long-term perspective and not chase short-term gains.
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.