Gold prices have gained more than 6% after falling in mid-August to their lowest since January 2017 at $1,159.96 an ounce. “Now we have risen above the 100-day moving average (around $1,224), which is key, so maybe we can see it rise to $1,250, which could be the next target,” said Commerzbank analyst Carsten Fritsch.
Gold Rate Today
Gold Rate Today 22-Oct-2018: Gold, Silver Down in Morning Trade
Bullion counter may trade on sideways path on mixed fundamentals. On domestic bourses strong local currency can keep price under pressure.
Gold Prices Slip Today, Silver Rates slump – Gold Silver Reports
Gold prices today edged lower, tracking a weak overseas trend and subdued demand from local jewellers. But silver prices recorded a sharp fall amid reduced offtake by industrial units and coin makers. Gold prices fell by Rs 30 to Rs 31,870 per 10 gram while silver rates slumped by Rs 500 to Rs 39,300 per kg, according to a report from Press Trust of India. Sovereign gold, however, remained flat at Rs 24,600 per piece of 8 gram.
Gold, Silver Trade Higher in Morning Deals – Gold Silver Reports (GSR)
MCX Gold futures were trading 0.61 per cent higher at Rs 30510 per 10 gram at around 10.50 am (IST), while MCX Silver futures were up 2.66 per cent up at Rs 38,600 per 1 kg at around teh same time.
Gold Prices Inch Up as Investors look for Bargains – Gold Silver Reports
US gold futures were up 0.1 per cent at $1,200.40 an ounce.
Gold Fundamentals Reports
Spot gold had risen 0.2 per cent to $1,196.21 as of 0057 GMT. On Wednesday, the metal touched its lowest since September 11 at $1,190.93 an ounce.
Gold Prices Surge Today, Silver Rates Also Rise: FOMC In Focus
The two-day FOMC meeting begins Tuesday morning and ends Wednesday afternoon with a statement. The FOMC is expected to slightly raise U.S. interest rates at this meeting. Fed Chairman Jerome Powell will also hold a press conference after the meeting. As usual, the marketplace will parse the Fed’s wording for clues on the pace of future Fed rate hikes and the Fed’s inflation expectations.
Gold Prices Recover on Positive Global Cues – Gold Silver Reports
Gold Silver Reports (GSR) – Marketmen said firm global cues where gold inched up as the US dollar slid lower after strong US economic growth data while concerns remain about trade tensions between the US and Europe, attributed the recovery in gold prices, the agency reported.