Gold steadied after a two-day advance as investors weighed the latest comments from Federal Reserve officials, which indicated that interest-rate hikes aren’t imminent
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Precious Metals Gains as Bond Yields Weaken and the U.S. Dollar Retreats
Gold snapped a two-day decline as the dollar weakened and U.S. bond yields held steady, while traders awaited comments from a slate of Federal Reserve speakers this week.
Precious Metals ticks higher as U.S. bond yields, dollar ease
Gold prices edged up on Monday, recouping some losses after a steep sell-off in the previous session as U.S. bond yields and the dollar softened, restoring some of the precious metal’s appeal.
Demand for gold ETFs in India on a sharp rise attracting $60 million in September
Gold exchange-traded funds (ETFs) in India reportedly attracted Rs 446 crore (or about $59.43 million) last month, which far exceeded the inflow of Rs 24 crore (or $3.19 million) recorded in August.
India’s gold import jumps 252% in April-September period since a year ago
India’s gold import saw a 252 per cent rise to $24 billion in April-September period compared to the corresponding period last year with the gradual unlocking of the economy and festive demand picking up.
Precious Metals rebounds, will it continue the upward momentum
Bullion saw its biggest weekly gain since August after receiving a boost from the U.S. consumer price index. The data showed high inflation persisting in the world’s largest economy, causing 10-year Treasury yields to sink as traders considered how the Federal Reserve would react.
Inflation and Gold
Following the release of economic statistics showing the largest increase in consumer prices in 30 years, gold traded higher last week. In August, the PCE Inflation, increased by 4.3 per cent YOY, which is at 30 years high.
Precious Metal Holds Biggest Gain Since March on Persistent High Inflation
Gold steadied after its biggest advance in seven months as investors weighed concerns around stubbornly high inflation and the looming reduction in stimulus.
Precious Metals Holds Advance as Bond Yields Dip Ahead of U.S. CPI Data
Gold held a gain as Treasury yields retreated ahead of the release of a report Wednesday that is expected to show U.S. inflation remained elevated.
Precious Metals steady as Investors Focus on Inflation after U.S. Jobs miss
Gold steadied with investors looking ahead to the release of U.S. inflation data, as they continued to weigh the implications of weaker-than-expected jobs data on the timing of Federal Reserve tapering.
Precious Metals recovers from lows on weaker currency
India’s central bank surprised markets by suspending its version of quantitative easing, signaling the start of tapering pandemic-era stimulus measures as an economic recovery takes hold. USDINR depreciated by one-rupee last week.
Gold rebounds from lows amid safe-haven appeal
Gold regained some positive traction in the last week and recovered 1.5% from lows.The ongoing financial stress in China and heightened concerns over US debt limit and Monetary tightening in India caused investors to seek refuge.