Gold erases post-FED gains as Treasury Yields tick higher
Gold erased gains made in the aftermath of the Federal Reserve’s meeting as bond yields rose, putting pressure on the non-interest bearing metal. US 10-year yields surged to the highest…
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India’s demand for gold jumps 37% in Q1 2021 at 140 tonnes
The demand for gold in India for the first quarter of 2021 was at 140 tonnes, an increase of 37 per cent as compared to the overall Q1 demand for 2020 at 102 tonnes, on the back of COVID containment till February.
Gold set to recover towards $1835 – Credit Suisse
Gold still holds a near-term base after again holding key retracement support at $1682/71. Strategists at Credit Suisse expect the yellow metal to rally past the $1835 mark.
Gold Erases Drop as Powell Says ‘Not Time Yet’ For Tapering Talk
Gold advanced after the Federal Reserve Chairman Jerome Powell said it is “not time yet” to start conversations about slowing the pace of the central bank’s asset purchases. The Fed said that “risks to the economic outlook remain,” softening previous language that referred to the virus posing “considerable risks.” The statement also noted that sectors hit hardest by the Covid-19 pandemic had “shown improvement.”
World Gold Council: Tremendous Potential for Gold in 2021
The Covid-19 pandemic contributed to strong investment growth but damaged consumer demand. While gold hit a new all-time high of $2,067 in August 2020, annual gold demand was at an 11-year low. There is tremendous potential for gold to grow further, particularly among institutional investors. There are many that are not invested in gold.
Gold hits 1-week low as yields rise ahead of Fed statement
Gold prices slipped to a one-week low on Wednesday as U.S. Treasury yields firmed up ahead of a Federal Reserve policy statement later in the day. Strong U.S. consumer sentiment data and higher commodity prices are pushing yields up and gold prices down as a result.
Gold price zeros on Fed’s Powell comments as markets watch for hints of tapering
The gold market is focusing on the Federal Reserve this week with all eyes on chair Jerome Powell’s press conference Wednesday afternoon as markets watch for any hints of future tapering. Markets expect no change to policy or to the forward guidance on asset purchases and rates.
A Golden Future: Visualizing the Economic Case for Gold
Throughout history, people have revered gold as a sign of wealth and a store of value. Today, gold is not only a precious metal but also a precious investment. In fact, in 2020, 47% of global gold demand—the largest share—came from investors.
India to See Strong Uptick in Jewellery Demand
Precious metals demand in India was severely affected by COVID-19, with gold and silver demand falling by 42% and 36% respectively in 2020. That said, signs of an economic recovery have recently emerged, which has translated into improving demand for precious metals.
Gold holds steady as market awaits Fed policy meeting
Gold held steady on Tuesday as market participants looked forward to a U.S. Federal Reserve meeting for cues on its monetary policy outlook, while a firmer dollar weighed on the metal’s appeal. While no major policy changes are expected from the Fed’s two-day policy meeting ending on Wednesday, investors will pay close attention to Chairman Jerome Powell’s outlook on the economy.
India’s coronavirus outbreak nearly halts country’s gold jewellery production
With most of the labourers working in gems and gold processing and jewellery factories in Maharashtra and Gujarat going back to their home states in the wake of the new…
Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low
The price of gold pulls back from a fresh monthly high as the 10-Year US Treasury yield defends the April low (1.53%), but the Federal Reserve interest rate decision may…