Tag: gold prices

Gold has still gained more than 50% this year despite the recent pullback, and remains on course for the best annual gain since 1979. (Bloomberg)
Posted in Business

Gold holds three-day decline as expectations of another US Fed rate cut weaken| Business News

Gold prices held a three-day drop, hurt by fading expectations for another rate cut by the US Federal Reserve next month. Gold has still gained…

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Gold is still up about 55% this year and remains on target for its best annual performance since 1979. (AFP)
Posted in Business

Gold prices steady after two days of losses on dwinding US Fed rate cut bets| Business News

Bullion steadied following two days of losses that were spurred by fading optimism the US Federal Reserve will cut interest rates next month. Gold is…

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Gold is about 50% higher year-to-date, with prices touching a record last month before retracing some gains. (AFP)
Posted in Business

Gold rebounds on safe-haven demand as risk-off mood rattles markets| Business News

Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Gold is about 50% higher year-to-date, with…

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Gold Buying by Central Banks Up 10% in Q3
Posted in Economy

Gold buying by central banks up 10% in Q3

Central banks globally ramped up gold purchases in the third quarter of this calendar year, acquiring a net 220 tonnes of the yellow metal, or…

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The US dollar's weakness is supporting gold prices, which has seen significant profit-booking of late. (AFP)
Posted in Business

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

The prices of gold and silver rose in India today amid a softer US dollar and healthy spot demand, even as bullion fell below $4,000…

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Gold prices are still up by more than 50% in 2025 as the fundamentals that pushed gold higher are expected to remain in place. (Unsplash)
Posted in Business

Gold prices dip below $4,000/ounce after China ends some tax incentives| Business News

Gold dipped below $4,000 an ounce after China ended a long-standing tax rebate for some retailers, a change that could weigh on demand in one…

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Higher interest-rates tend to pose a headwind for non-yielding gold. (AFP)
Posted in Business

Gold price rises amid conflicting views on more US Fed rate cuts in 2025| Business News

Gold staged a partial recovery following a run of losses as traders weighed conflicting views from the US Federal Reserve on chances of more rate…

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Even after the pullback, the gold rate still up about 50% this year. (Bloomberg)
Posted in Business

Gold prices steady after three-day drop on US Fed rate cut bets| Business News

Gold steadied after a three-day selloff, with buyers buying the dip ahead of an expected interest-rate cut by the US Federal Reserve. Even after the…

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Posted in Economy

RBI brings home 64 tonnes of gold between March 2025 and Sept 2025

The Reserve Bank of India (RBI) accelerated the process of bringing home gold with it onshoring nearly 64 tonnes in the half year to September…

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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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