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News
Zinc futures retain positive outlook
1+ week, 1+ day ago (222+ words) Zinc futures has been in a long-term uptrend. The July contract is now at ₹384/kg whereas the August series is at ₹379/kg. Since the July contract expires on Friday (July 31), we shall pick August futures for analysis. The August zinc…...
Gold falls as Mideast escalation dims hopes of easing inflation
3+ week, 1+ day ago (273+ words) Gold prices fell on Thursday as the escalating Middle East conflict showed no signs of abating, erasing recent optimism over easing inflation and fuelling concerns that surging oil prices could lead to interest rate hikes. Spot gold was down 0.6% at…...
Gold drops to 2-week low as oil surge drives inflation, rate-hike fears
3+ week, 3+ day ago (337+ words) Gold slid to a two-week low on Tuesday as the U.S.-Iran conflict in the Gulf sent oil prices soaring and fuelled inflation fears, with hawkish remarks from Federal Reserve Governor Christopher Waller further reinforcing bets on higher U.S. interest…...
Gold slides over 1% as oil surges on Strait of Hormuz closure fears
3+ week, 4+ day ago (328+ words) Gold slid over 1% on Monday as fears of a closure of the Strait of Hormuz drove oil prices sharply higher, reviving expectations of elevated interest rates to combat inflationary pressures from escalating hostilities in the Middle East. Spot gold dropped…...
Gold climbs over 1% as oil drops on US-Iran interim deal
1+ mon, 2+ week ago (355+ words) Gold rose more than 1% on Thursday, recouping losses from the previous session, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and supported bullion. Spot gold was up 1.4% at $4,316.42 per ounce, as of 0242 GMT, after…...
Gold extends gains as rate-hike bets ease ahead of Fed verdict
1+ mon, 2+ week ago (373+ words) Gold gained for a fifth consecutive session on Wednesday as optimism over a U.S.-Iran peace agreement eased expectations of U.S. interest rate hikes, while investors awaited further details on the deal and the Federal Reserve's policy meeting. Spot…...
Gold rises on softer dollar, oil, as markets weigh US-Iran peace optimism
2+ mon, 3+ day ago (359+ words) Gold prices gained on Thursday, supported by lower crude oil prices and a weaker dollar, as investors assessed renewed expectations for a resolution to the US-Israeli war with Iran. Spot gold was up 0.7% at $4,461.09 per ounce, as of 0218 GMT. U....
Gold rises as lower oil eases inflation, rate-hike fears
2+ mon, 5+ day ago (323+ words) Gold rose more than 1% on Tuesday, buoyed by lower US Treasury yields, while weaker oil prices eased fears of higher inflation and elevated interest rates. Spot gold rose 1% to $4,525.72 per ounce by 0900 GMT. US gold futures for August delivery gained…...
Gold inches up as investors eye US-Iran ceasefire deal
2+ mon, 1+ week ago (319+ words) Gold edged higher on Friday as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes. Spot gold rose 0.2% to $4,499.56 per ounce by 0231 GMT, but was down about 0.2% for the…...
Gold slips as US-Iran tensions lift oil, stoke inflation fears
2+ mon, 1+ week ago (299+ words) Gold fell on Tuesday as fresh U.S. attacks in Iran pushed oil prices higher, fuelling concerns around inflation and higher-for-longer interest rates. Spot gold was down 1 per cent at $4,524.73 per ounce, as of 0737 GMT. U.S. gold futures for June…...