Gold prices dropped due to firmer U.S. Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. Pessimism surrounding China’s coronavirus conditions weighs on the gold prices. Indian gold dealers were forced to offer the steepest discount in six years last week. The yellow metal prices stays pressured on Monday [...]
The yellow metal remains on the front foot as traders seek risk-safety amid the ongoing Russia-Ukraine woes. US House Speaker Nancy Pelosi explores legislation that would ban Russian oil imports, weighs on the market sentiment. Upbeat Employment data favors the Fed hawks and raises the rate hike expectation. Gold prices has scaled the $2000 [...]
Gold is under modest selling pressure expectations of a ceasefire between Russia and Ukraine. The testimony of Federal Reserve (Fed) chair Jerome Powell underpinned the gold. Apart from Russia - Ukraine talks, Traders await US Initial Jobless Claims and ISM Services PMI due later today. The yellow metal is trading up and down within [...]
The yellow metal rallies with investors flocking to safe havens. Russian forces invaded Ukraine after Vladimir Putin authorized a special military operation. Russia-Ukraine crisis walloped risk appetite, which in turn underpins the safe haven demand. Gold rallied on Thursday reaching its highest level in more than a year since investors are crowding towards safe [...]
