The US Presidential election has a historical tendency to influence financial markets as a change in leadership often brings a shift in fiscal policy. For the gold prices, there has been greater responsiveness to the macroeconomic landscape change since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.
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Gold Prices Today Slip, Down ₹6,000 From Record Highs; Silver plunges
Gold Prices Today – In the previous session, gold prices had risen 0.4% on MCX while silver had jumped about 1.6%. Commodity exchange MCX was closed on Friday due to a public holiday. Gold and silver prices in India have sharply corrected from their August highs of about ₹56,200 per 10 gram and about ₹80,000 per kg respectively in tandem with softness in global rates.
Gold prices climbs to near 1-week high on dollar slide, stimulus optimism
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Gold prices rose to its highest in nearly a week on Tuesday as the dollar weakened and hopes rose for additional fiscal stimulus for the American economy, ahead of the first U.S. presidential debate.
Gold Prices steadies ahead of Trump-Biden debate
Gold prices steadied on Tuesday alongside a subdued U.S. dollar, while investors awaited the first U.S. presidential debate and further developments on a new U.S. coronavirus relief bill.
Silver Turns Positive After Touching Two-Month Low – Gold Silver Reports
Silver turns positive after touching two-month low. Gold prices reversed course and turned positive on Thursday, after touching a two-month low, as the dollar retreated slightly and as Federal Reserve officials reaffirmed to keeping monetary policy loose.
Gold Price Stands at Rs 54,760 Today, Silver at Rs 61,300 – Gold Silver Reports
Gold price in India has plunged by Rs 110 on Tuesday, hitting Rs 54,760 per 10 gram. On Monday, the price of the yellow metal stood at Rs 54,870 per 10 gm.
Gold prices today struggle, remains ₹5,000 lower than last month’s highs
In global markets, gold prices moved higher today as lacklustre US employment data and surging covid cases boosted the safe-haven appeal of gold. Spot gold climbed 0.4% to $1,951.13 per ounce.