By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. FUNDAMENTALS Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures […]
By Administrator_India Capital Sands Gold prices sank more than 1% on Monday, breaking new ground lower after a week of sideways trading, as market participants tried to suss out a clear direction for the yellow metal amid climbing yields and the dollar. Gold for April delivery was Friday’s session settled down $20.10, or 1.2%, at $1,712.20 […]
By Administrator_India Capital Sands Gold steadied as investors awaited commentary from Treasury Secretary nominee Janet Yellen on the dollar and stimulus when she testifies on Capitol Hill a day ahead of Joe Biden’s inauguration as president. Yellen’s Senate confirmation hearing is likely to feature foreign-exchange policy, and will also serve as the first congressional forum […]
By Administrator_India Capital Sands Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion. Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since Dec. 2, and was down 0.7% at $1,835.96 by […]
By Administrator_India Capital Sands The dollar rose during the previous session after a recent weak spell, buoyed by expectations that today’s Federal Reserve meeting will pursue a policy of keeping interest rates low and controlling inflation. The greenback’s fall on Wednesday helped gold pull back some of its lost territory. Other actors influencing the precious metal’s price include […]
By Administrator_India Capital Sands Gold futures traded 0.35% lower to $1,972 by 12:25 PM ET (5:25 GMT), while the dollar inched up 0.03% to 92.365. Gold prices continued to fall on Wednesday in Asia as the dollar was supported by robust U.S. data. Prices of the precious metal slid back down to below $1,980-mark after a small peak […]
By Administrator_India Capital Sands Gold prices plunged by Rs 1,492 to Rs 52,819 per 10 grams on Thursday in the national capital in line with sell-off in international prices of the precious metal, according to HDFC Securities. The yellow metal had closed at Rs 54,311 per 10 grams in the previous trade. Silver also witnessed weak […]
By Administrator_India Capital Sands Gold was up on Wednesday morning in Asia, with investor worries about rising numbers of COVID-19 cases globally and expectations of further stimulus measures giving the yellow metal a boost. The number of cases topped 9.2 million as of June 24, according to Johns Hopkins University data. Gold futures were up by […]
By Administrator_India Capital Sands India’s gold imports plunged 99.9% year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world’s second biggest consumer of the precious metal imported around 50 […]