Global benchmark Brent futures prices fell 0.6% on Friday. West Texas Intermediate also edged lower, posting its first weekly decline in three weeks. A fresh bout of bond volatility spurred a risk-off mood across markets, with U.S. equities declining and the dollar strengthening. Meanwhile, Indian fuel sales dipped in February amid higher pump prices, but demand has been climbing in the U.S. and the U.K.
Gold Prices Slip Near Lowest in a Year, Buying Picks Up in India
The correction in gold prices has triggered fresh retail interest in India. This however allowed dealers to charge higher premiums. On MCX gold futures fell to ₹44271 at day’s low on Friday, near a one-year low of ₹44,150 they touched earlier in the week.
Precious Metal is Proving To Be a Less effective Hedge
Precious metal is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post.
Silver MCX Hit All Down Side Target, Low 66300 | Neal Bhai
Silver MCX price yesterday settled up by 0.1% at 67545 as dollar retreated after the U.S. House of Representatives passed the $1.9 trillion coronavirus relief package.
Spot Gold Prices Bullish : Above $1690 Under Bullish Zone
Spot Gold Prices Bullish : Above $1690 Under Bullish Zone. Gold failed to sustain at weekly highs around $1739.40 on Thursday, ending the day in the red at $1724. The rebound in the US Treasury yields from multi-day lows capped the recovery rally in the non-yielding gold.
Anupam Rasayan Ltd. Will Launch its Rs 760-crore IPO
Anupam Rasayan Ltd. will launch its Rs 760-crore initial public offering (IPO) on Friday as the specialty chemicals maker looks to pare debt.
Gold Silver Update : Profit Book Market Crash, Power of Analysis
Gold Silver Update : Profit Book Market Crash, Power of Analysis | Gold Silver Reports. Spot silver prices have been on the back foot in recent trade and have dropped back to the $26.00 level from early European session highs of above the $26.40 mark. That means that silver is back trading in negative territory, down about 0.75% or just under 20 cents on the day.