Gold prices fell by approximately 1% on Wednesday, pressured by a stronger U.S. dollar as investors closely monitored key inflation data from the world’s largest economy for indications of the Federal Reserve’s potential interest rate cut in September. By 9:44 a.m. ET (1344 GMT), spot gold had declined 0.9% to $2,502.38 per ounce, after dropping … Read more
Gold prices dropped in a volatile trading session on Wednesday after data revealed that U.S. consumer prices rebounded as anticipated in July. This dampened expectations for a significant rate cut by the Federal Reserve next month. Spot gold declined by 0.4% to $2,455.91 per ounce by 1338 GMT, while U.S. gold futures fell 0.5% to … Read more
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce. Spot silver rose 0.3% to $28.17 per ounce. MCX gold rate ended marginally lower … Read more