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Gold Price Today: Yellow metal falls by Rs 1,900/10 gms in a week, silver down by Rs 4,800/kg
Gold and silver futures saw mixed trading on Monday, following a week of price drops. Influenced by U.S. economic data, markets await the FOMC meeting. Expert Manoj Kumar Jain predicts continued volatility but suggests buying silver on dips, offering support and resistance levels for both metals.
Oil prices in holding pattern ahead of Federal Reserve decision
Oil prices remained steady in early Asian trading Tuesday, influenced by concerns about Chinese demand and anticipation of a U.S. interest rate decision. Prices retreated from recent highs following weak Chinese consumer spending data. Investors await the Fed’s meeting, expecting a rate cut and insights into future monetary policy.
Gold steadies ahead of Federal Reserve’s policy meeting
Gold prices held steady as the market awaited the Federal Reserve’s policy meeting and its 2025 outlook. A quarter-point rate cut is widely anticipated, with further cuts less certain. Geopolitical tensions, including new sanctions on North Korea and Russia, added to market uncertainty. Investors also eyed upcoming U.S. economic data.
Gold Price Today: Gold prices fall by Rs 1,300/10 gm in 3 days, silver down by Rs 4,850/kg
Gold and silver futures dipped following a hotter-than-expected U.S. PPI release. Prices fell over the last three days, influenced by U.S. economic data and the potential for future interest rate cuts. Geopolitical tensions and Chinese stimulus hopes offer some support, with analysts predicting continued volatility.
Oil eases from highest in weeks, investors eye Fed rate cuts
Oil futures dipped slightly as investors anticipated the Federal Reserve’s meeting and potential rate cuts. Supply disruption concerns, fueled by possible U.S. sanctions against Russia and Iran, limited the decline. New EU sanctions on Russian oil and tighter potential sanctions on Iran boosted prices.
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
The US dollar neared a three-week high amid Fed rate cut expectations. Bitcoin soared past $105,000 on rumors of a US strategic reserve. The yen and sterling struggled following economic news, while the dollar gained support from rising Treasury yields. Traders anticipate a measured pace of easing for 2025.
Gold firms as focus shifts to Federal Reserve’s policy meeting
Gold prices held steady on Monday as investors awaited the Federal Reserve’s upcoming meeting, where a third interest rate cut this year is anticipated. While a quarter-point reduction is expected, future rate cuts remain uncertain. Geopolitical tensions in Gaza and weakening demand in India also influenced gold markets.
Gold, silver prices slump amid heavy selling by jewellers, stockists
Gold and silver prices slumped in the national capital on Friday, with the precious metal plummeting to below the Rs 80,000-mark due to heavy selling by jewellers and stockists, according to the All India Sarafa Association. Besides, a weak trend in the international markets weighed down heavily on the bullion prices, traders said.
Gold Price Today: Yellow metal prices tumble by Rs 900/10 gm in 2 days, silver down by Rs 4,600/kg
Gold and silver prices remain volatile due to stronger US PPI data, surging dollar, and jobless claims. Gold futures opened flat at Rs 78,114, while silver fell to Rs 92,304/kg.
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain
Oil prices dipped slightly on Friday amid predictions of ample supply, despite anticipated higher demand from Chinese stimulus. Non-OPEC+ nations are projected to boost supply, exceeding demand growth. However, tighter sanctions on Russia and Iran, along with Chinese stockpiling, contributed to a weekly price gain for Brent and WTI.
Gold prices steady as focus turns to Fed’s policy decision
Gold prices held steady as investors awaited the Federal Reserve’s interest rate decision. Prices saw a near 2% weekly gain despite a recent dip. Market anticipates a rate cut, fueled by rising U.S. producer and consumer prices. European banks also cut rates, while gold holdings in SPDR Gold Trust slightly decreased.
Gold rises Rs 500 per 10 gm; silver at Rs 97,000 per kg
Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association.
Gold Price Today: Gold prices surge by Rs 2,200/10 gm this week, silver up by Rs 3,300/kg
Gold and silver opened lower but gained significantly over the week. US inflation met expectations, and the Bank of Canada cut interest rates. These factors, along with global tensions, boosted precious metals. An expert predicts continued volatility but also potential for new highs. Specific support and resistance levels were provided for gold and silver at MCX.
Oil little changed as demand weakness offsets sanctions-driven supply risks
Oil prices remained relatively stable despite conflicting market forces. Weak demand forecasts and rising U.S. fuel inventories tempered gains from new EU sanctions on Russia. OPEC lowered its demand growth outlook, while China signaled potential economic stimulus. Market watchers await U.S. interest rate decisions next week.
Gold rises for fifth day as US data lifts Fed rate-cut bets
Gold prices edged higher for a fifth consecutive session, nearing a two-week high, boosted by expectations of a Fed rate cut next week. U.S. inflation data met forecasts, reinforcing the likelihood of a third rate reduction. The ECB is also expected to cut rates amidst faltering economic conditions. Meanwhile, geopolitical tensions in Gaza added to gold’s safe-haven appeal.
OPEC makes deepest cut yet to world demand forecast
The Organization of Petroleum Exporting Countries chopped projections for consumption growth in 2024 by 210,000 barrels a day to 1.6 million barrels a day, according to its monthly report. The cartel has slashed projections by 27% since July as it belatedly recognizes the deteriorating market picture.
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