Tag: gold price today

Gold has pulled back decisively from a record above $4,380 an ounce last Monday following a blistering rally. It’s still up more than 50% this year. (Bloomberg)
Posted in Business

Gold prices back above $4,000 after plunging on easing safe-haven demand| Business News

Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in the US-China trade talks sapped demand for safe-haven assets….

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$3,500 an ounce is a level that “would be healthy for the gold market, because it still would be a ridiculously high price”. (Reuters)
Posted in Business

Gold prices plunge below $4,000/ounce as US-China truce erodes saven-haven demand| Business News

Gold prices slid below $4,000 an ounce, extending losses from the worst rout in over a decade as progress on a US-China trade deal sapped…

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The gold and silver prices in India are essentially tracking global cues. (Representative image/Unsplash)
Posted in Business

MCX gold, silver prices fall—check city-wise rates| Business News

Gold prices in India fell today, after posting its biggest weekly drop since mid- August, as the progress on a US-China trade deal and a…

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A blistering bullion rally that propelled gold prices to a record high of $4,380 an ounce last week has since gone into reverse on signs the metal had become overbought. (Bloomberg)
Posted in Business

Gold prices extend drop as progress on US-China trade deal erodes safe-haven demand| Business News

Gold prices fell, after posting its first weekly drop since mid-August, as the progress on a US-China trade deal sapped safe-haven demand. A blistering bullion…

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Gold prices in India hit a record high of  ₹1,31,699 per 10 gm this week. (Bloomberg)
Posted in Business

Dhanteras, Diwali demand pushes gold price premiums to highest in more than a decade| Business News

While gold price is smashing records globally, Indians are now willing to pay so much more for access to physical gold on Dhanteras and Diwali…

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Some traders to book cargo slots on transatlantic flights for silver bars—an expensive mode of transport typically reserved for gold—to profit off higher prices in London. (Representational Image/Unsplash)
Posted in Business

Gold, silver prices hit records on US credit fears and ‘US-China trade war’| Business News

Prices of gold and silver rose to records as fears about credit quality in the US economy and a “US-China trade war” called out by…

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Gold price has risen about 5% so far this week and touched a peak above $4,227 an ounce amid a "US-China trade war" and prospects of an outsized US Fed rate cut. (Bloomberg)
Posted in Business

Gold price climbs to record on US-China tensions and US Fed rate-cut bets| Business News

The gold price rose to a record as heightened US-China frictions and bets that the US Federal Reserve will press on with monetary easing through…

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The safe-haven gold has gained 59% year-to-date, driven by multiple factors. (Reuters)
Posted in Business

Gold price hits record high, silver price eases amid US Fed rate-cut, US-China trade woes| Business News

Gold prices rose to a fresh record to just shy of the $4,200-per-ounce levels on Wednesday, after Jerome Powell hinted at more US Fed rate…

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Gold IRAs are not Gold set a record above $4,060 an ounce, after notching an eighth straight weekly gain on Friday. (Representative Image/Pixabay)
Posted in Business

Gold price rallies to a record as US-China tariff war concerns boost safe-haven demand| Business News

Silver swung near a record as an historic short squeeze in London and US-China trade tensions roiled the market, while gold set a new peak….

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Posted in Economy

This gold rush isn’t about inflation — or even gold

The price of gold just broke a more than four-decade-old record when adjusted for inflation. At these levels, gold has more purchasing power than it…

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