Angel Commodities' report on GoldOn Wednesday, spot gold prices declined marginally by 0.2 percent to close at $1218.7 per ounce as U.S. President Trump's abrupt firing of FBI chief James Comey weighed on U.S. stocks, though gains were capped by expectations of further interest rate increases.
OutlookWe expect gold prices to trade sideways today although the trend continues to be on the weaker side with no risk and uncertainties in any part of the globe. Besides, expectations of further rate increases in the US will exert downside pressure on the yellow metal. On the MCX, gold prices are expected to trade sideways today; international markets are trading flat at $1219 per ounce.
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Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...
its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
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The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
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BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
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