Gold Price

[ad_1] According to commodity market experts, the gold price rally may continue in FY25 as the US Fed is expected to declare three interest rate cuts in 2024. So, there would be three US Fed rate cuts in the first nine months or say first three quarters of FY 2024-25. They said that geopolitical tension, ease in the US inflation, and US dollar rates are expected to fuel MCX…

[ad_1] Gold prices in India continued to sparkle throughout the fiscal year 2023-2024, propelled by escalating geopolitical tensions globally. The yellow metal exhibited significant volatility, primarily influenced by decelerating growth in advanced economies and the monetary tightening policies pursued by global central banks in response to elevated inflation levels. During FY24, the price of MCX gold surged over 12%, climbing from approximately ₹59,400 per 10 grams at the year’s…

[ad_1] Gold prices continued to surge on Thursday, poised to achieve their most substantial monthly increase in over a year. This surge was fueled by robust safe-haven demand, anticipation of U.S. interest rate cuts, and increased central bank purchases. As of 10:20 a.m. EDT (1420 GMT), spot gold rose by 0.5% to reach $2,204.99 per ounce. This performance puts it on track for its most impressive month since November…

[ad_1] Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve’s policy path after the central bank kept interest rates unchanged for the fifth straight meeting this month. Spot Gold Prices At 9:53 am EDT (1353 GMT), spot gold was up 0.6 per cent at $2,191.88 per ounce, while US gold futures…

[ad_1] Gold prices strengthened on Monday as investors anticipated significant economic data releases and awaited comments from Federal Reserve officials later in the week, seeking additional insights into the potential timing of interest rate adjustments hinted at by the U.S. central bank. At 1306 GMT, spot gold saw a 0.5% increase, reaching $2,175.21 per ounce, while silver also experienced a 0.5% uptick to $24.78. U.S. gold futures rose by…

[ad_1] Gold rate today: On account of three interest rate cuts in 2024 by the US Federal Reserve, gold price on the Multi Commodity Exchange (MCX) touched a new high of ₹66,943 per 10 gm last week. However, profit-boking soon triggered and the yellow metal price retraced more than ₹1,000 per gm and ended at ₹65,870 level on Friday. After ending below the ₹66,000 mark, the MCX gold rate…