Oct 7 2024, 14:18 Gold price drops to $2,640, holds above Friday’s post-NFP low and trading range support Gold price (XAU/USD) attracted fresh sellers on Monday and dropped to a fresh intraday low, around the $2,640 region heading into the European session. The US dollar (USD) hovered near a seven-week high as traders continued to…
Oct 3 2024, 07:11 Gold was steady after a modest decline as stronger-than-expected US jobs data damped optimism the Federal Reserve’s would do another half-point rate cut at its next meeting. Bullion was near $2,660 an ounce after closing down 0.2% on Wednesday. Nonfarm payrolls numbers due Friday are the next gut check on the health of the US economy,…
Oct 2 2024, 15:23 Gold fell following Tuesday’s surge, with markets awaiting the potential next steps in an expanding Middle East conflict after Israel pledged to retaliate against Iran’s missile strikes. Bullion traded around $2,650 an ounce after closing 1.1% higher in the previous session, when Iran launched about 200 ballistic missiles at Israel. President…
Oct 1 2024, 11:56 Gold prices rose in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 7,110.69 Indian Rupees (INR) per gram, up compared with the INR 7,099.21 it cost on Monday. The price for Gold increased to INR 82,937.67 per tola from INR 82,803.78 per tola a…
Sep 30 2024, 07:38 Gold edged up – nearing a record high – as traders waited for a crucial US labor-market report and remarks from Federal Reserve Chair Jerome Powell that may give clues on the scale of the central bank’s next interest-rate cut. Bullion traded near $2,660 an ounce, after gaining 1.4% last week following a report…
Sep 30 2024, 09:40 China’s factory activity contracted for a fifth straight month in September, a further sign of economic weakness that highlights the urgency for Beijing’s stimulus blitz. The official manufacturing purchasing managers’ index was 49.8, below the 50-mark separating growth from shrinkage, the National Bureau of Statistics said Monday. That was better than economists’ median forecast…
