Gold rallies on safe-haven demand, set for best week in over a year
Gold prices breached the $2,700 threshold for the first time in two weeks on Friday, on track for their biggest weekly gain in over a year, as safe-haven demand outweighed dollar strength and lower expectations of a U.
Gold Futures Rise, Shrugging Off Stronger Dollar on Safe-haven Demand
Gold was more than 1% higher as safe-haven demand outweighs a stronger dollar, and FxPro said the precious metal has returned to growth after nearly three weeks of declines, reversing last week’s drop entirely.
Gold rate today ₹1850 away from record high. Will it climb to a new peak this week?
Making their best weekly performance since March 2024, gold prices finished around 5 per cent higher at ₹77,685 per 10 gm on Friday, just ₹1850 away from the record high of ₹79,535. The rally in MCX gold rates was mainly fueled by an escalation in the Russia-Ukraine war.
Gold climbs to over 1-week high on safe-haven demand
Spot gold rose for a fourth consecutive session on Thursday, hitting an over one-week high as safe-haven demand soared following AI bellwether Nvidia's lackluster revenue forecast and intensifying Russia-Ukraine tensions.
Gold surges Rs 1,100 to Rs 80,400 per 10 gm; silver climbs Rs 300
Gold prices surged Rs 1,100 to hit a two-week high of Rs 80,400 per 10 grams in the national capital on Friday due to persistent buying by jewellers and retailers during the ongoing wedding season, ac
Gold could jump 11% next year as central banks ramp up their buying spree, Goldman Sachs economist says
Central banks are in the midst of a gold buying spree that could continue through 2025, according to Goldman Sachs.
Bitcoin vs. gold: State Street worries the crypto rally's allure is distracting precious metal investors
State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays do not offer the stability of gold.
Gold is up 5% this week because it’s a ‘preferred’ hedge to global risks, UBS says
Gold prices were heading for a more than 5% weekly gain as missile attacks between Russia and Ukraine intensified, stoking ...
Gold prices ease from one-week high as US dollar strengthens
Gold prices eased from a one-week high on Wednesday as the dollar strengthened, though safe-haven demand linked to ...
Barrick Gold CEO: Here is what's driving the price of gold lately
Mark Bristow, Barrick Gold president and CEO, joins 'Squawk Box' to discuss what's driving the price of gold lately, if ...
The Fed should sell its 70s-era gold stockpile and buy bitcoin to establish a crypto reserve, Sen. Cynthia Lummis says
The US government already owns 203,000 bitcoin worth nearly $21 billion, which it acquired mainly through asset forfeitures.
Japan will hold first memorial for 'all workers' at Sado gold mines but blurs WWII atrocity. Why?
Japan will hold a memorial ceremony on Sunday near the Sado Island Gold Mines, which were listed this summer as a UNESCO ...
3 big benefits of gifting gold bars and coins this holiday season
That said, there are multiple benefits of gifting gold bars and coins, particularly during this upcoming holiday season.
Hunan Gold Shares Surge After Large Deposit Found in China
Hunan Gold Corp. have surged by their 10% limit for two days in a row after a sizable gold resource was discovered in central ...
Here's what could trigger a 'wildly higher' move in gold prices
Gold prices climbed for a third straight session Wednesday, after ending last week at their lowest level in two months, as ...
Gold scores strongest weekly gain since March 2023, but base metals struggle
Front-month gold futures rallied with their largest one-week move since March 2023, snapping a three-week losing streak, ...