Gold held an advance as investors weighed the outlook for the Federal Reserve’s monetary policy tightening path after new data pointed to some weakness in the US economy.
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Gold At Three-Week Low As Fed Officials Reiterate Hawkishness
Gold traded at the lowest level in more than three weeks as Federal Reserve officials reiterated their commitment to tighter monetary settings to curb inflation.
New issue of sovereign gold bond scheme opens today. 10 things to know
The issue price for the next tranche of Sovereign Gold Bond Scheme (SGB) 2021-22, which will open for subscription for five days from Monday, has been fixed at ₹5,197 per gram of gold, the Reserve Bank of India (RBI) said on Friday.
Gold Silver to Remain Volatile on Growth Worries, Inflation, Geopolitical issues
Gold silver price trade steady after inching lower in the previous session, as the dollar and Treasury yields pulled back slightly after U.S. FOMC minutes hinted policymakers may be less aggressive on future rate hikes.
Gold Trend Sideways: Spot Gold Support at $1727 Resistance at $1812 per Ounce
Spot Gold Trend Sideways: Bullion prices shed weekly gains on Friday after the US reported stronger than expected private payroll numbers. The improved job market report has raised market expectations of aggressive rate hikes and eased worries over recession. The US Nonfarm payrolls rose 528,000 last month, more than double economists’ estimates.
Crude Oil Edges Higher After Slump as Traders Weigh OPEC+ Hike, Demand
Crude Oil edged higher after plunging to the lowest close in almost six months as investors weighed a token supply increase from OPEC+ against weaker US gasoline demand and rising inventories.
Gold Holds Decline After Fed Officials Make Hawkish Comments
Gold held a decline as a resurgent dollar and bond yields weighed on the precious metal, with investors assessing an apparent hawkish turn from the Federal Reserve.