Gold Prices and the Latest Market Updates: Gold prices are staying steady as the world watches the ongoing trade talks between the United States and China. These discussions, happening in London, are creating a lot of interest in the financial markets. Let’s break down what’s happening and why it matters for gold prices.
CPI Data
Why MCX Gold Hit ₹99,358 and What’s Next?
The Multi Commodity Exchange (MCX) gold price soared to an all-time high of ₹99,358 per 10 grams on April 22, 2025, driven by a confluence of global and domestic factors. This surge reflects gold’s role as a safe-haven asset amid escalating geopolitical and economic uncertainties. Below, we explore the key reasons behind this peak and provide insights into the future outlook for MCX gold prices, based on market trends, expert analyses, and recent developments.
Traders Cautious About CPI Data As Weak Rupee, High Oil Prices Sour Outlook
Indeed, traders are increasingly worried that high oil prices and a weakening rupee would force the central bank to raise rates sooner rather than later. The yield on the 10-year bond rose two basis points to 8.18 percent on Tuesday.
Big Week Ahead for Central Banks in Australia and New Zealand
Gold Silver Reports (GSR) – The Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) both meet this week
✅ RBA on Tuesday 6 August 2018 (statement at 0130GMT)
✅ RBNZ on Thursday 9 August (statement on Wednesday 8 August at 2100GMT)