Spot gold, at the time of writing this report, was trading nearly 0.77 per cent higher at $2,670, as it extended its rally to the fourth straight day
Gold prices today: Spot gold hit a fresh record high of $2,773.53 on October 29, 2024. Buying the dips is the preferred strategy
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)
Gold hit a fresh record high of $2664 and closed with a hefty gain of 1.09 per cent at $2657.
After consolidating in the $2470-$2530 range for nearly three weeks, spot gold rallied to a fresh record high of $2555 on Thursday.
Spot gold was trading with a gain of around 0.20 per cent at $2514 at the time of the MCX closing. The MCX October gold contract at Rs 71,903 (LTP) was up 0.38 per cent.
Spot gold was trading with a gain of 0.78 per cent at $2,515 at the time of the MCX closing. MCX October gold was at Rs 71,948 (LTP), up 0.67 per cent on the day
Gold trading strategy today, July 31: Unless the US Fed is outrightly dovish, Gold is expected to fall in the coming days. Support for MCX October Gold contract is at Rs 67,600/Rs 66,200
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
Gold trading strategy for today, July 12, 2024: Much-awaited US CPI data (June) trailed the forecasts on all counts. US CPI Y-o-Y at 3 per cent as against the forecast of 3.10 per cent
Oil prices fell 1 per cent to $82.33 amid easing supply disruption concerns from Gaza ceasefire hopes and Hurricane Beryl's impact
Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal
On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said
Spot gold slid on Tuesday following a rebound on Monday as the US Federal Reserve officials continue to maintain a hawkish outlook on rates
Gold rate today: The MCX Gold August contract was at Rs 71,135, down 1.16 per cent at Thursday's close
Spot gold traded with a bearish bias on Tuesday as most of the commodities were under pressure due to the rise of far-right parties in the recently concluded European elections
Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon
The cautious stance of the US Federal Reserve on its monetary policy is somewhat positive for the metal; thus, inflation hedge buying theme dominates