Gold rate today: Yellow metal remains elevated as easing US inflation fuels US Fed rate cut buzz

Gold rate today: Yellow metal remains elevated as easing US inflation fuels US Fed rate cut buzz

Gold rate today: The release of the US CPI data significantly impacted gold prices, leading to a continued rally on Friday last week. The MCX gold rate closed higher at ₹76,307 per 10 gm, while the spot gold price surged over one per cent to $2,657.26 per ounce. The COMEX gold price also saw a … Read more

Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months: What should you bet on amid rate cuts?

Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months: What should you bet on amid rate cuts?

Gold vs Oil: Commodity baskets, including gold, silver, and crude oil, among others, have swung by huge margins ever since the US Federal Reserve delivered its supersized interest rate cut by 50 basis points (bps). Monetary policy rates have varying effects on gold and crude oil prices due to the relative appeal of the commodities, … Read more

Gold price climbs 26% in YTD. Should you book profit or wait for US Fed’s rate cut cycle?

Gold price climbs 26% in YTD. Should you book profit or wait for US Fed’s rate cut cycle?

Gold rate today: After three weeks of consolidation, gold prices moved decisively upwards last week and touched a new peak of $2,583 per ounce in the spot market. During Friday’s session, Comex’s gold price touched a new high of $2,611.60 per troy ounce. While climbing to this new peak, the yellow metal price surged around … Read more

Gold prices hit new record high, continue to gain for third week straight; silver surges by 1.4%

Gold prices hit new record high, continue to gain for third week straight; silver surges by 1.4%

Gold prices surged to achieve a fresh all-time high on Friday, propelled by various factors such as expectations of a U.S. interest rate cut, speculative purchasing, and central bank acquisitions, sustaining the ongoing upward momentum of bullion despite robust job growth in the United States during March. As of 10:57 a.m. EDT (1456 GMT), spot … Read more