Gold Weakens in Highly Volatile Trade Amid Uncertainty over Interest Rate Cut

Gold Outlook: Investors await US tariff headlines, NFP

On Friday, spot gold was highly choppy and volatile in reaction to the US nonfarm payroll report (August) as the report sent mixed signals on the possible pace of rate cuts that are likely to begin at the September FOMC meeting to be concluded on September 18, 2024. Fed officials’ comments on the US monetary policy also added to volatility in gold prices.

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Gold 13% YTD returns comparable with Sensex. Should you buy as valuation worries weigh on equities?

Gold Price Forecast: Yellow Metal slumps below $3,230 amid hope for US-China trade deal

Gold dropped 6% on July 23 after Finance Minister Nirmala Sitharaman reduced the customs duty on gold and silver to 6%. Although prices have partially recovered, they remain 2% below the levels seen a day prior. Meanwhile, international gold prices have increased by 4%. Despite this, gold prices have risen by approximately 13% in 2024, compared to a 14% gain in the Sensex.

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अमेरिका में रोजगार के कमजोर आंकड़ों और ब्याज दरों में कटौती की उम्मीद के चलते सोने के भाव में तेजी

Chinese Gold Buying

यू.एस. में रोजगार के कमज़ोर आंकड़ों के बाद सोने के वायदे (Gold futures) 0.4% बढ़कर 2,535.70 डॉलर प्रति ट्रॉय औंस हो गए। बुधवार को दबाव में रहने के बाद कीमती धातु में उछाल आया, क्योंकि कमजोर अमेरिकी रोजगार के अवसरों और श्रम कारोबार सर्वेक्षण के आंकड़ों ने सितंबर में फेडरल रिजर्व की ब्याज दर में बड़ी कटौती की उम्मीदों को बढ़ावा दिया

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Nickel at 5-Week Low [05 September 2024]

Nickel at 5-Week Low [05 September 2024]

Nickel futures dropped to $15,960, hitting a 5-week low amid ample supply. Indonesia, now producing over half of the world’s nickel, has significantly ramped up output in recent years, driving prices down and forcing closures of producers elsewhere.

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