Tag: silver rate

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…

Continue Reading
Gold and silver prices have rallied in India on festive demand and strong global cues around Trump's tariff war. (Bloomberg)
Posted in Business

MCX gold, silver prices rise higher on Diwali after a break over Dhanteras weekend| Business News

Gold and silver prices returned to a rally on Diwali day after a break over the Dhanteras weekend, according to data from the Multi Commodity…

Continue Reading
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…

Continue Reading
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…

Continue Reading