Reading Time: < 1 minute Gold held a decline after the Federal Reserve indicated it could start reducing stimulus in November, while investors continued to monitor the debt crisis at China Evergrande Group.
Gold holds still as FED indicates Tapering could start soon
Reading Time: < 1 minuteGold held a decline as investors sensed the Federal Reserve could start reducing stimulus in November, while some concerns about the China Evergrande Group debt crisis…
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Precious holds gains as Evergrande woes, FED Policy meeting in focus
Reading Time: < 1 minute Gold held gains on rising demand for haven assets amid concerns over the potential fallout from the debt crisis at China Evergrande Group, with investors also awaiting the outcome of a Federal Reserve meeting.
Precious metals rebound on ‘big risk-off trading day’ sparked by Evergrande
Reading Time: < 1 minuteGold held an advance on rising demand for haven assets amid concerns over the spillover effects of the debt crisis at developer China Evergrande Group and…
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Precious Metals selloff leads them to oversold zone
Reading Time: < 1 minute Gold’s slight rebound on Friday from a sharp selloff in the previous session lost steam as the dollar gained, putting it on course for a second weekly dip with investors focused on the U.S. Federal Reserve’s tapering strategy.
Silver prices slump on stronger Dollar and improving US economy outlook
Reading Time: 2 minutes Silver fell to its lowest level since December by falling more than 6.5% this week, as indicators of a strong economy fuelled expectations that policymakers would soon begin to remove stimulus.
Revenue of gold jewellery retailers expected to grow 12-14% in FY22
Reading Time: < 1 minute CRISIL report states that after two consecutive years of decline, the revenue of gold jewellery retailers are poised to grow 12-14 per cent year-on-year this fiscal, driven by stable gold prices and recovery in discretionary spending.
Precious Metals set for weekly drop on signs of U.S. recovery
Reading Time: < 1 minute Gold and silver headed for their second straight weekly declines as signs of economic recovery in the U.S. added to speculation that stimulus could be reduced soon.
Gold consolidates around $1800 waiting for cues from US retail sales
Reading Time: < 1 minute Bullion has traded in a tight range around $1,800 an ounce in recent weeks as investors weighed the outlook for reductions in stimulus amid risks from the delta virus variant and inflationary pressures
Gold Can Regain Its Luster
Reading Time: < 1 minute According to a survey by the World Gold Council, almost 80% of central bank reserve managers plan to increase their gold holdings over the next year