Gold Hits over 3-Month High Ahead of US Inflation Data, Fed Chair’s Speech

Gold hits over 3-month high ahead of US inflation data, Fed chair’s speech

Path of least resistance for gold would ‘continue to be sideways to higher’ in the coming weeks, says an analyst Read more at The Business Times.

Gold prices rise, silver drops on profit booking as focus shifts to US inflation data, US Fed Chair Kevin Warsh's speech

MCX gold October futures were 0.42% up at ₹1,63,120 per 10 grams, while MCX silver September contracts were 0.58% down at ₹2,45,171 per kg around 9:35 AM.

Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live

Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it Ipek Ozkardeskaya, senior analyst at Swissquote, has sent us her thoughts on gold. Renewed appetite for gold despite elevated long-term US yields is striking and sends…

Gold rally explodes past $4,668 as dollar debasement fears return

Gold eased on Tuesday after briefly extending its rally to the highest level in more than three months, as investors shifted attention from US fiscal concerns to inflation data and Federal Reserve Chair Kevin Warsh’s first Jackson Hole address. Spot gold slipped 0.2% to about $4,640 an ounce after trading above $4,668 earlier in the Asian session. US futures were little changed near $4,696. The retreat follows a gain of more than 5% last week, w…