If the jobs report out of the United States encourages the Fed's hawkish mood, it should lead to a significant breakdown in gold, DailyFX currency strategist Ilya Spivak said
The price of gold varies across the country due to excise duty, state taxes, and making charges
(Reuters) - Gold prices eased ahead of key central bank meetings on Thursday as the U.S. dollar and Treasury yields strengthened a day after dismal private payrolls data sent bullion prices to one-week highs.
Gold is considered a hedge against inflation, but it could see demand take a hit from higher rates as a non-interest-paying asset.
The price of gold varies across the country due to excise duty, state taxes, and making charges
The price of gold varies across the country due to excise duty, state taxes, and making charges
Spot gold was little changed at $1,797.64 per ounce by 0440 GMT. U.S. gold futures were up 0.1% at $1,797.60.
The price of gold varies across the country due to excise duty, state taxes, and making charges
The price of gold varies across the country due to excise duty, state taxes, and making charges
The price of gold varies across the country due to excise duty, state taxes, and making charges
Gold prices rallied to an over two-month high earlier in the week as heightened tensions over Ukraine and increased market volatility ratcheted up interest in safe-have bullion.
Spot gold was unchanged at $1,797.71 per ounce by 0532 GMT. U.S. gold futures was up 0.2% at $1,798.80. The metal fell about 2% for the week, its worst fall since Nov. 26
The price of gold varies across the country due to excise duty, state taxes, and making charges
The demand for gold jewellery hit a six-year high in 2021. Business Standard caught up with Somasundaram PR, Regional CEO, India, World Gold Council, to understand how the demand may pan out in 2022
(Reuters) - Gold prices extended losses to an over one-week low on Thursday as the U.S. dollar and Treasury yields rallied after U.S. Federal Reserve Chairman Jerome Powell signalled an interest rate hike in March.
The price of gold varies across the country due to excise duty, state taxes, and making charges
"Gold's resilience of late is set to be tested by the latest policy signals emanating from the FOMC today," said Extinity analyst Han Tan.
Spot gold held its ground at $1,846.87 per ounce, as of 0325 GMT, after hitting its highest level since Nov. 19 on Tuesday. U.S. gold futures were down 0.3% at $1,847.50
The price of gold varies across the country due to excise duty, state taxes, and making charges