Gold Price Today, 13 Dec 2022- Prices flat as traders await US inflation data, Fed rate hike decision
时间:2024-06-26 19:28:50 阅读(143)
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was flat on Tuesday as traders await rate hike announcements from central banks across the globe, while silver rate was up 0.56%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,159 per 10 grams, up Rs 27 or 0.05%. Silver March futures were trading Rs 378 higher at Rs 68,164 per kg on MCX. Globally, the yellow metal traded flat as investors remained cautious ahead of the US CPI inflation data, as well as the US Fed’s rate hike decision. Spot gold was steady at $1,781.66 per ounce. US gold futures were up 0.1% at $1,793.40.Rahul Kalantri, VP Commodities, Mehta Equities
Gold and silver prices eased on Monday on the back of some profit taking by the shorter-term futures traders and firm US Dollar index. Major central banks will this week complete the most aggressive year of interest-rate hikes in four decades in their fight against inflation, which has slowed down economies. Another major US data point this week will be the consumer price index report for November to be released later today. CPI is seen coming in up 7.3%, year-on-year.
Bullion prices pressurised by strong US dollar: ICICIDirect reportGold prices dropped on Monday as investors stayed on the sidelines ahead of US inflation data and a series of central bank meetings across the world, including the Federal Reserve. Further, bullion prices were pressurised by strong US dollar and US treasury yields. Gold prices are expected to trade with a negative bias for the day amid rise in risk appetite in the global markets. However, sharp downside may be capped as investors are anticipating softer inflation and smaller interest rate hikes from the Federal Reserve. MCX gold prices are likely to break the key support level of 54,000 to continue their downward trend towards the level of 53,850 in the coming trading session. Additionally, MCX silver prices are expected to take cues from gold prices and trade towards 67,000 level.
猜你喜欢
- ts. Thus we believe that this company is suitable only for investors having a high-risk appetite and a long-term view.”
(The stock recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
- Adani Enterprises share price rises 25%, Adani Transmission hits upper circuit as Hindenburg effect dims
- Gold Price Today, 28 April- Gold under 60000 level, headed for monthly gain; traders price in 25 bps rate hike
- Zee’s Punit Goenka pays Rs 50 lakh to settle insider trading case
- Winning streak ends as consumer, auto stocks drag indices down
- Wipro share price falls 2% after Q1 profit fails to beat Street estimates; should you buy, hold or sell-
- Zerodha valued at Rs 30,000 cr, not Rs 1-2 trillion, says CEO Nithin Kamath
- Adani Enterprises, Godfrey Phillips among 144 BSE stocks to hit 52-week highs, 32 fall to 52-week lows
- Gold prices hit fresh record highs twice in April; IMF cautions recession worse than 1930