Gold price

The dollar index steadied, but was still near two-month lows, making bullion cheaper for buyers holding other currencies.

While the markets expect a pause on U.S. The ECB could raise rates by 25 basis points at its May, June and July meetings a Reuters poll found. This time it appears to be able to sustain the momentum as dark clouds gather within the economy," independent analyst Ross Norman said. (Reuters) - Gold prices hit their highest since March 2022 on Wednesday, extending a rally after weaker U.S. economic readings bolstered bets U.S. Gold priced in the euro and sterling was at the highest in more than a week.

Gold prices hit their highest level since March 2022, rising 0.1% to $2,044.90 per ounce as weaker economic data from the US raised bets that interest rates ...

The main trend will change to down on a move through $1965.90. Today’s rally stopped short of the April 18, 2022 main top at $2045.80. The dollar index edged higher but remained near two-month lows, making bullion cheaper for buyers holding other currencies. The Fed raised rates by a quarter percentage point to between 4.75% and 5% in late March, and officials penciled in a single additional rate rise for this year. Gold Prices Rise to Highest Since March 2022 Gold prices hit their highest level since March 2022, rising 0.1% to $2,044.90 per ounce as weaker economic data from the US raised bets that interest rates will rise more slowly.

The price of gold breaks out of the March range to register a fresh yearly high ($2032), and bullion may attempt to test the 2020 high ($2075) as the ...

- The price of gold clears the March high ($2010) to register a fresh yearly high ($2032), with the precious metal, and the recent series of higher highs and lows may lead to a test of the 2020 high ($2075) as the Relative Strength Index (RSI) flirts with overbought territory. With that said, the price of gold may attempt to test the 2020 high ($2075) as the Relative Strength Index (RSI) flirts with overbought territory, but the oscillator may diverge with price if it struggles to push above 70. The price of gold breaks out of the March range to register a fresh yearly high ($2032), and bullion may attempt to test the 2020 high ($2075) as the Relative Strength Index (RSI) flirts with overbought territory.

Following Wednesday's jobs data, traders pulled back expectations for another Fed interest rate hike, pushing the precious metal higher.

"A new all-time closing high in gold prices above 2078 on daily and weekly charts would go a long way in signaling significantly larger upside in 2023-2025 such as 2391/2543," he said. This all points to a more accommodative stance going forward, which would be positive for gold. Since gold has historically weakened during periods of tightening, the expected easing has been a boon for the commodity.

Gold prices hit a 13-month high, touching US$2031 per ounce as weak US economic data spurred demand for the safe-haven asset amid a weakening dollar, ...

Gold price (XAU/USD) is showing a lackluster performance above $2020.00 in the early Tokyo session. The precious metal witnessed a wild gyration afte.

FXEmpire.com -. Highlights. Gold prices hit highest since March 2022; Weaker economic data slows interest rate hike expectations; Gold is seen as a hedge ...

Gold takes a pause and moves without conviction on Wednesday ahead of the March U.S. jobs report, but maintains a bullish outlook and could soon reach fresh ...

United States data keeps weighing on US Treasury bond yields and allowing XAU/USD to stay firmer. Threats to greenback's reserve currency status, downbeat ...

The price of gold breaks out of the March range to register a fresh yearly high ($2032), and bullion may attempt to test the 2020 high ($2075) as the ...

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices.

Gold futures have yielded gains of 10.61% or Rs 5839 per 10 grams on a year-to-date (YTD) basis while returning 2.09% or Rs 1244 in April so far.

In an update of predictions for a range of metals, the bank said it was “mostly marking to market prices” after China's faster-than-expected reopening.

Gold price touched an all-time high of Rs 62300 per 10 grams in the Ahmedabad market on Wednesday in the backdrop of a global economic upheaval trigg.

In India, Gold price for 10 grams of 24-carat gold is Rs.61370, while, the gold rate for 22-carat (10 grams) is Rs.56260.

In Hyderabad and Bhubaneswar, 10 grams of 22-carat gold is being procured at Rs 56250. In both the cities, 10 grams of 24-carat gold is priced at Rs 61360.