Town Tapan Patel Commodity prices traded lower with most of the commodities in the non-agro segment extended decline for the week on demand growth worries and recession fears. Bullion prices declined on market expectations over aggressive Fed in the July meeting. Base metals traded weak on lower demand from China and global slowdown concerns. Crude … Read more
Gold prices scaled a one-month peak on Friday, riding on a weaker US dollar that has also put bullion on track for a third straight weekly gain.
Gold Price Today: Gold prices extended gains for the fifth straight session on Tuesday, hovering around their two weeks highs it hit on Monday, a Motilal Oswal report said. The yellow metal will take cues from the preliminary manufacturing and services PMI data and US Federal Reserve Governor Jerome Powell, the report note.
World stocks rose from the previous day’s 18-month lows and the dollar pulled back from 20-year highs on Friday, though investors remained nervous about high inflation and the impact of rising interest rates. Markets are becoming anxious about the possibility of recession, with the S&P getting close to a bear market on Thursday, at nearly … Read more
Gold is considered a safe-haven asset during times of economic and political uncertainty, a hedge against inflation and an alternative asset to equities. .