Daily Reports

Gold oscillates in a range

Daily Report

A variety of divergent influences is affecting the gold price, which fluctuates within a range. USD bullishness caps the upside, but hawkish Fed predictions drove up US bond rates and in turn supporting the prices. Ahead of the crucial FOMC meeting tomorrow, geopolitical concerns provide some backing to the gold.

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Gold consolidates between $2150 and $2200

Daily Report

It appears that gold is moving in anticipation of the possibility of lower rates at some point. While the Federal Reserve is concerned about rising inflation, the most recent economic data is not having a significant effect on forecasts for interest rates.

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Gold skyrockets to record high

Daily Report

As prospects of forthcoming Fed policy easing grow, gold prices set a new high by trading above $2140 (~Rs. 65000). Following PMI and Factory Orders data highlighting an economic slowdown in the services sector, there is growing speculation that the US Federal Reserve could begin to rate cuts early.

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Gold trades at all-time high price domestically

Daily Report

Gold prices have advanced nearly $70 in the last two trading days, breaking the range of $2000 to $2060, it traded in Jan and Feb. This week we are seeing follow-through buying and investors jumping in gold market with FOMO fear. Due to Rupee depreciation, gold prices have touched record high prices in India.

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