Reading Time: 2 minutes The main reason for the rally in bullion price is the expectation that the US Federal Reserve will slow the pace of interest rate rises, and in due course start to reduce the cost of borrowing again.
Reading Time: 2 minutes returns in the last 20 years
If we look at the Gold and Silver performance of the last 20-25 years in various currencies, both metals have yielded the highest average return in Indian Rupee(INR) terms of more than 12%. This is a fantastic return compared to other asset classes, which have yielded a lesser return.
Reading Time: 2 minutes Gold price is struggling to sustain above the immediate resistance of $1930. Hawkish commentary from Fed policymakers is strengthening the US Treasury yields. The overall view is positive, $2000 in International markets and Rs 60000 in domestic markets looks very likely.
Reading Time: 2 minutes Gold price is rising for the first time in four trading days today, as bears take a breather ahead of a fresh batch of economic data from the United States. The United States Dollar (USD) has paused its recovery momentum amid the persistent weakness in the US Treasury bond yields.
Reading Time: 2 minutes Gold trades at a record high in Indian markets on cooling inflation. The major supportive factor for gold’s rise was the US CPI print that came in as per the expectation. As per the report, US CPI rose 6.5% in December as compared to 7.1% in Nov (Y-o-Y).
Reading Time: 2 minutes On January 13, Indian gold prices reached a record high, trading above Rs 56000 without GST and above Rs 58000 with GST, tracking gains in the overseas market and weakness in the dollar index. Let us examine the reasons for this bull run.
Reading Time: 2 minutes Gold pared gains fueled by cooling US inflation as traders assessed the Federal Reserve’s pace of interest-rate hikes. The dollar and Treasury yields extended declines right after the print, but have since pared some of the losses. Bullion soared as much as 1.4% before giving up some gains.