Gold Rises

Gold prices inched up in early Asian hours as the dollar eased off a 20-year high, offsetting pressure from expectations of the U.S. Federal Reserve keeping interest rates higher to combat inflation

Gold prices edged higher as the dollar slipped, while investors looked forward to a speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes

Gold prices steadied at a one-month high on Friday, ahead of a much awaited US jobs data, as a retreat in Treasury yields and growing recession fears boosted safe-haven demand kept bullion on track.

Gold prices edged higher, after dropping over 1% in the previous session, as concerns over the economic fallout from surging Covid-19 cases outweighed positive vaccine news

Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.

Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade

Globally, gold and silver were trading a shade higher at $1,517.30 and $16.96 an ounce

The metal ended last week down 1.2% after a sharp midweek slide, though it rebounded 0.8% on Friday