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Gold remained in range amid expectations of a slower pace of U.S

Gold remained in range amid expectations of a slower pace of U.S

Gold trading range for the day is 28422-28640. Gold remained in range amid expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh on the dollar. The Fed will likely wait at least until a June policy meeting to decide whether to lift U.S. interest rates again. Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.46 percent to 830.25 tonnes on Monday from 834.10 tonnes on...
Gold prices rose as the dollar fell after the U.S. Federal Reserve stuck

Gold prices rose as the dollar fell after the U.S. Federal Reserve stuck

Gold trading range for the day is 27835-28129. Gold prices rose as the dollar fell after the U.S. Federal Reserve stuck to a less hawkish stance on further interest rate hikes this year. Fed raised interest rates for the second time in three months, a move spurred by steady economic growth and strong job gains. In Britain, concerns have increased over a prolonged and painful process of the U.K.s exit from EU, as Scotland mulled a possible second independence...
Gold Market Updates for 6 March 2017

Gold Market Updates for 6 March 2017

Gold futures were trading bigger during afternoon trade in the domestic market on Monday as investors & speculators extended their positions in the precious metal on increase in safe-haven desired on weaker dollar amid rising geopolitical tensions over North Korea. Market participants are closely watching developments after the reclusive state fired 4 ballistic missiles into the sea off Japan’s northwest coast, days after it promised retaliation over US-South Korean military drills. Meanwhile, US Fed Chair Yellen capped off a seemingly coordinated push from the central bank when she cemented the view that the Fed will raise rates at its next meeting on March 14 to 15, & likely be able to move faster after that than it has in years. At the MCX, gold futures for April 2017 contract is trading at Rs 29158/10 grams, upward by 0.48 %, after opening at Rs 29100, against a last close of Rs 29020. It touched the intra-day max of Rs...
Gold rises on Trump uncertainty, Must Check!

Gold rises on Trump uncertainty, Must Check!

Gold futures ended bigger in the domestic market on Monday with uncertainty ahead of President Donald Trump’s address to Congress Tuesday evening helping to boost the metal’s appeal as a haven investment. Prices for the shiny yellow commodity logged their highest finish in more than 3 months Monday after notching a fourth-straight weekly gain. At the MCX, gold futures for April 2017 contract ended at Rs 29690/10 grams, upward by 0.23 %, after opening at Rs 29,587 against a last close of Rs 29,623. It touched the intra-day high of Rs...
Gold Market Updates for 16 Feb 2017

Gold Market Updates for 16 Feb 2017

Gold trading range for the day is 28764-29360. Gold gained shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises. Feds Harker said his view that the economy is ready for three rate hikes this year does not depend on any fiscal policy changes under Trump. Holdings in SPDR Gold Trust rose 0.32 percent to 843.54 tonnes on...
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