Gold rose to the highest in more than two weeks as the dollar weakened amid speculation that the Federal Reserve may delay scaling back its asset-purchase program.
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Gold trades rangebound as Investors await Jackson hole for outlook on policy
Gold prices inched lower today as the dollar held near recent highs, although the losses were limited by growing concerns over the economic fallout from the spread of the Delta coronavirus variant.
Bullion supported amid uncertainty on COVID delta variant and Afghanistan crisis
Market participants are still dealing with uncertainty: uncertainty about the timing of future Federal Reserve monetary policy changes, uncertainty about the length and impact of the new Delta variant of Covid-19 on human lives and economic recovery, and uncertainty about the Taliban’s takeover of Afghanistan.
International Bullion Exchange To Go Live On October 1, 2021
Termed as the gateway for bullion imports into India, all the bullion imports for domestic consumption shall be channelised through the exchange
Gold flat as dollar strength overshadows virus worries
Gold prices were flat on Friday, as a firmer dollar eclipsed support from rising anxiety over increasing cases of coronavirus’ Delta variant that could delay economic recovery.
Gold inches lower, but safe-haven demand intact
Some participants said economic conditions would likely warrant a cut in stimulus in coming months, while others indicated that it was more likely to be appropriate early in 2022
Palantir bought $50 million in gold bars in August as cash pile grows
The data analytics software maker has a growing cash pile thanks to stock sales, and now it’s investing in growth as well as early-stage customers
Gold continues upward trajectory before FED minutes
Gold steadied as the dollar held an advance, with investors on the sidelines before the release of minutes from the Federal Reserve’s latest policy meeting
Gold continues rebound on safe-haven demand
Gold held a four-day advance as Treasury yields ticked lower amid concern the the continuing spread of the highly contagious delta coronavirus strain poses a growing threat to the global economic recovery.
Gold holds gains amid slump in US sentiment, virus concerns
Gold prices traded higher on Friday, with a decline in a U.S. consumer sentiment index contributing to the metal’s rise, prompting prices to finish higher last week.
Adding Gold and Silver in your portfolio for better returns and diversification
You can invest your money in a variety of assets as an investor, including equity, debt, gold, and real estate, among others. Asset allocation is the process of putting money into one or more of these assets
Gold recovers from flash crash as tapering fears ease
Gold reversed a last week’s loss as the drop in Consumer Confidence highlighted larger concerns about the economy being endangered by rising prices and virus outbreaks.