Gold price headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation.
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Trove of 1,000-year-Old Gold Coins Unearthed in Israel – Gold Silver Reports
Israeli youths have unearthed hundreds of gold coins stashed away in a clay vessel for more than a thousand years.
Gold Prices Eye Meeting. Will Gold Rise on FOMC Minutes?
Gold Prices After aggressive selling pressure last week, gold prices bounced off the rising trend line from June. Now, XAU/USD has taken out the 100% Fibonacci extension at 1984, exposing the 123.60% level at 2058.
Gold Price Today: Domestic Gold Futures Slip 1% To ₹ 53,125 As Global Rates Ease
Gold Price Today In India : Domestic gold futures fell on Wednesday as the global gold spot rate slid below the $2,000 per ounce mark a day after registering sharp gains.
Gold Prices Today Fall for 2nd Day in a Row, Silver Edges Higher
Gold prices in India edged lower today, tracking a drop in global rates. On MCX, October gold futures fell 0.04% to ₹52,207 per 10 gram. Silver futures however edged 0.35% higher to ₹67403 per kg.
Why Central Banks Care About Gold
Max Castelli, head of global strategy at UBS Asset Management’s Global Sovereign Markets team, said: “Increasing exposure of central banks to hold more gold is a long-term trend which started a few years ago. There are multiple drivers supporting this trend and price is certainly one of them.”
Spot Gold Set for Worst Week Since March, Pressured by High Yields – GSR
Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.