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Gold prices rose to its highest in nearly a week on Tuesday as the dollar weakened and hopes rose for additional fiscal stimulus for the American economy, ahead of the first U.S. presidential debate.
precious metal prices
Gold Prices steadies ahead of Trump-Biden debate
Gold prices steadied on Tuesday alongside a subdued U.S. dollar, while investors awaited the first U.S. presidential debate and further developments on a new U.S. coronavirus relief bill.
2ND Buy GOLD MCX TIPS Rocking – 52000 to 52880 – Neal Bhai Reports
2ND Buy GOLD MCX TIPS Rocking – 52000 to 52880 – Neal Bhai Reports
MCX GOLD 52000 To 53050
Silver My 2nd Target was 78000, Hit High 77949 – Enjoy – Neal Bhai
Silver My 2nd Target was 78000, Hit High 77949 – Enjoy – Neal Bhai
In global markets, gold prices were flat today, supported by weaker US dollar and hopes of more stimulus measures. Spot gold was steady at $2,039.75 per ounce, after hitting an all-time high of $2,055 in the previous session. US gold futures rose 0.3% to $2,055.90. Among other precious metals, silver fell 0.4% to $26.91 per ounce, while platinum rose 0.4% to $970.67.
5 Reasons Gold Prices Are Soaring
Gold closed above $2,000 an ounce for the first time this week, capping an explosive growth spurt that has blown past analysts’ projections.
Gold is Still Significant and The Main Trend Remains Bullish
Gold retreated after a nine-day rally that included a record high as positive results from a vaccine study curbed demand for the metal as a haven, spurring investors to cash in recent gains.
Gold Consumption Fell 56% From a Year Earlier to 165.6 Tons – GSR
Gold purchases by Indians this year are forecast to tumble to a record low as the coronavirus pandemic hurts the economy and prices surge to all-time highs, according to the World Gold Council.