Gold Set For Weekly Drop As Oil Price Surge Weighs On Rate-Cut Hopes

Gold prices were on track for a second consecutive weekly drop, despite rising on Friday, as surging energy prices dimmed prospects for near-term U.S. interest rate cuts.Spot gold was up 0.7% at $5,112.82 per ounce, as of 0411 GMT on Friday. U.S. gold futures for April delivery f

Read More

  • Related Posts

    Dollar Climbs With No End In Sight For Iran War; Yen at 20-Month Low

    The dollar rose to a more than three-month high on Friday and was set for its second weekly gain since the beginning of the war in Iran as turmoil in markets left it the last safe-haven standing.The euro fell to its lowest level since November, and Japan warned that it was ready Read More

    India Gold Discounts Hit Near-Decade High; Mideast Tensions Lift China Demand

    Gold discounts in India widened this week to their deepest point in nearly a decade as demand stayed subdued and some traders steered clear of paying import duties, while escalating Middle East tensions boosted safe-haven demand in China.”A few importers (to India) are declaring Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *