Page 10 - Gold

Gold prices subdued by strong US retail sales, aggressive rate hike bets

U.S. retail sales increased strongly in April suggested demand was holding strong despite high inflation and assuaged some fears that the economy was heading into recession

Gold firms in narrow range as dollar backs off further from two-decade high

"Gold is behaving less like an arrow and more like a feather. It's drifting a little this way, and a little that way on the winds that drive markets," independent analyst Ross Norman said.

Golds ticks up as dip in US yields loosens dollar's grip; palladium up 3%

The dollar inched lower, but still held near a two-decade peak, making gold expensive for overseas buyers. [USD/]

Spiraling inflation may boost gold demand as a hedge, says UBS report

Imports were only worth $34.62 billion in the pandemic-hit FY21.

Bias remains negative for MCX Gold, Silver futures; Key levels to watch out

The MCX Gold futures may slide towards the 200-DMA at Rs 48,840 in the near term; while the broader trend indicates a downside target of Rs 53,000 for MCX Silver futures.

RBI's gold reserves up over 100 tonnes in the last two years, shows data

As at end-March 2022, the Reserve Bank held 760.42 tonnes of gold, including gold deposits of 11.08 tonnes

Equities, cryptos, metals: Most asset classes gave negative return in 2022

These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions

Gold prices inch lower as Dollar rally appeal dims post US inflation data

Spot gold fell 0.2% to $1,848.15 per ounce by 0959 GMT. U.S. gold futures were down 0.2% at $1,849.20.

Investors move to gold amid growth concerns, ETF inflows at 2-year high

Industry players said worsenining geopolitical scenario, tightening of interest rates and volatile equity markets have led to investors showing faith in the yellow metal

Gold firms as dollar rally pauses; focus on US inflation reading

The dollar was steady after touching a 20-year high on Monday, while benchmark 10-year U.S. Treasury yields were off 3-1/2-year peaks. [USD/] [US/]

Gold rises 1% after Fed flags inflation, tones down hawkish bets

Gold is often perceived as a hedge against rising costs

Gold prices pinned near 2-1/2-month low as investors await Fed meeting

Bullion is seen as a safe store of value during times of economic and political crises.

Gold dips as bond yields rise before Fed meeting expecting rate hike

The market is concerned that the Fed could be quite hawkish, pricing in a 50 basis point hike, and it could be 75 basis points in July, said Stephen Innes, managing partner at SPI Asset Management

Second phase of mandatory gold hallmarking to be begin from June 1: Govt

The government on Saturday said the second phase of mandatory hallmarking of gold jewellery and artefacts will come into force from June 1 this year. Gold hallmarking is a purity certification of the precious metal and was voluntary in nature till June 16, 2021, when the government decided to implement mandatory gold hallmarking in a phased manner. In the first phase, 256 districts of the country were covered. The second phase of the mandatory hallmarking, the consumer Affairs Ministry said, will cover additional three caratages of gold jewellery/artefacts (ie 20, 23 and 24 carats) and 32 new districts, wherein an Assaying and Hallmarking Centre has been set up post-implementation of the first phase. The Centre has notified the order in this regard and will come into force from June 1, 2022, the ministry said in a statement. Nodal agency Bureau of Indian Standards (BIS) has successfully implemented the mandatory gold hallmarking in 256 districts of the country with effect from 23 J

Russian President Vladimir Putin looks to peg the ruble to gold

However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way"

Investors should maintain 10-15% allocation to gold, say analysts

While inflation and war will provide support, rising interest rates may act as dampener

PhonePe announces cashback offers on gold, silver purchases via its app

Users can buy 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in form of gold coins or bars

Gold falls to four-week low amid rate hike jitters, robust dollar

Spot gold fell 0.7% to $1,916.17 per ounce by 0922 GMT, earlier hitting its lowest since March 29 at $1,911.80

Want to beat inflation? Hedge your portfolio with exposure to gold

Stock investors must avoid highly leveraged companies and those trading at steep valuations to beat inflation.

Gold rises to five-week high with growing risks boosting havens

The precious metal climbed as much as 0.8 per cent after capping a second weekly gain.