Gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm.
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Hedge funds cut bullish bets on U.S. crude as demand outlook worsens
Crude as demand outlook – Hedge funds and money managers cut bullish wagers on U.S. crude, data showed on Friday, as rising coronavirus cases around the world weakened the demand outlook, and a rise in OPEC output last month also weighed on the market.
US Presidential Election Timeline and Implications for Gold Prices
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.
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.