Gold edged lower on Wednesday, trading as low as $1,782.31 a troy ounce. The greenback strengthened ever since the day started against its commodity-rival, getting a boost early in the American session from upbeat US data and rallying equities.
Spot Gold
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Gold Extends Gains After Powell Stressed on Inflation Pressures
Gold Extends Gains: Federal Reserve Chair, Jerome Powell, sounded a note of heightened concern over persistently high inflation as he emphasized that the central bank would begin tapering its bond purchases shortly while remaining patient on raising interest rates.
Gold Ready to Break The Bearish Trend | Gold Silver Reports
Gold rose for the fifth consecutive trading session, coming close to testing a critical technical and psychological level near $1800. The bears are in no hurry to give up, foiling attempts by Gold and other precious metals to accelerate their growth. Also worth considering are headwinds such as a global monetary policy reversal.
Gold Inflation-Haven Appeal Means ‘Violent’ Run-Up May Be Ahead
One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons.
Yellow Metal: Gold Eyes a Firm Break Above $1795 Amid Growing Inflation Fears
Gold price reached a four-day high at $1789 in the Asian trades and went on to consolidate the three-day advance all through the day, ending Thursday marginally higher at $1783.
Bullion Trading at Premium on Inflation Fears | Neal Bhai
Bullion Trading: Gold rose for a second day as the U.S. dollar extended declines, with investors waiting for comments from Federal Reserve officials this week which could provide insight into the prospects of tighter monetary policy.
India’s Gold Demand Faces Slowing Savings Rate, Farm Wages Risk
Gold demand in India is likely to face challenges from a declining household savings rate and lower agricultural wages, according to the World Gold Council.