Gold firms as Fed’s Powell calms rate-hike fears

Gold prices advanced to an eight-month high on Monday, as a weaker dollar made greenback-priced bullion cheaper for overseas buyers while hopes of less-aggressive U.S. rate hikes also lifted sentiment. Spot gold was up 0.7% at

Gold started the new year on a solid note after ending a volatile 2022 largely unchanged, with prices rallying to a more than six-month peak on Tuesday as investors positioned for the Federal Reserve’s latest policy

Gold prices rose above the key $1,800 level on Tuesday as the US dollar dropped after the Bank of Japan’s surprise policy tweak, while markets continue to weigh the outlook for the Federal Reserve’s interest rate

Gold prices edged up on Tuesday on the back of a softer dollar, although prices moved in a tight range as investors maintained caution ahead of US inflation data and the Federal Reserve’s policy decision. Focus

Gold prices in India continued their recent upward trend while silver also extended gains. On MCX, gold futures rose 0.3% to five-month high of ₹54,006 per 10 gram, buoyed by firm global rates. Silver futures jumped

Gold prices edged up on Wednesday, aided by a dip in the U.S. dollar, with investors largely focusing on Federal Reserve Chair Jerome Powell’s speech for insights into the U.S. central bank’s monetary policy path. Spot

Gold prices rose as soon as the U.S. Federal Reserve announced that it may slow the pace of interest rate hikes in the future. Gold prices bounced above the key $1,750 an ounce level on Thursday,

Gold hovered near a three-month high on Tuesday, as a top U.S. central bank official’s comment raised hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes, while an uptick in the

Gold price surged sharply in the Kerala market. Sovereign gold is priced at Rs 37,880, higher by Rs 440 per 8 gram. One gram gold is trading at Rs 4735, up by Rs 55. In the

Gold price in the national capital gained Rs 51 to Rs 50,964 per 10 grams on Wednesday amid weak rupee, according to HDFC Securities. In the previous trade, the gold had touched Rs 50,913 per 10

Gold prices edged higher on Tuesday, buoyed by a subdued dollar after soft U.S. economic data raised hopes that Federal Reserve could begin to slow monetary policy tightening later in the year. Spot gold XAU= rose 0.2% to

Gold prices rose on Monday, supported by technical trading after the previous session’s steep fall and a pause in the dollar rally. However, an impending oversized rate hike by the US Federal Reserve limited bullion’s appeal.

Gold prices edged higher on Wednesday helped by a slight pullback in the dollar, as investors look to minutes from the U.S. Federal Reserve’s September policy meeting and inflation data for clues on its rate hike

Gold prices edged higher on Monday on the back of softer dollar, despite rate hike fears worldwide, following their aggressive monetary policies, capping gains in bullion. Spot gold XAU= rose 0.3% to $1,663.99 per ounce, as of 0416

Gold bounced off a 2½-year low on Tuesday as a slight pullback in the dollar and U.S. Treasury yields helped tide over some pressure from prospects of more aggressive U.S. rate hikes. Spot gold was up

Gold prices rose on Monday as the dollar slipped, while investors awaited U.S. inflation data for further clues on the Federal Reserve’s rate-hike trajectory. Spot gold rose 0.6% to $1,725.70 per ounce by 1041 GMT. U.S. gold futures