11:00 (IST) Aug 19
Gold eyes $4,400 break, Brent may head towards $80
Gold’s bias remains positive, but a sustained break above $4,400 an ounce is needed for further gains, while renewed energy inflation or higher yields could trigger consolidation. Brent crude could eventually decline towards $80 per barrel due to sustained Gulf exports and weak demand, Kotak Neo said, as cited by ANI.
09:37 (IST) Aug 19
Gold holds positive bias, Brent faces $80 risk
Gold is expected to remain positive, supported by a weaker dollar and reduced expectations of a near-term US rate hike. Brent crude, meanwhile, could move towards $80 per barrel as continued Gulf exports and weak demand offset geopolitical risks, Kotak Neo said, as cited by ANI.
08:23 (IST) Aug 19
Gold Rate Today: Gold edges up, oil prices rise on Iran tensions
Gold prices rose 0.2% to $4,342.33 an ounce in early Asian trade as US Treasury yields eased. Oil prices rose after Donald Trump said no talks were taking place with Iran and insisted the Strait of Hormuz was open, contradicting Iran’s assertion that the waterway remained shut. Investors also awaited the Federal Reserve’s meeting minutes.
08:22 (IST) Aug 19
Gold Rate Today: Gold recovers as fed minutes awaited
Spot gold climbed 0.2% to $4,342.33 per ounce on Wednesday after falling nearly 2% a day earlier. US Treasury yields eased from recent highs, while investors awaited the Federal Reserve’s meeting minutes for fresh indications on monetary policy. Traders currently see a 65% probability of unchanged rates and a 35% chance of a September hike.
08:22 (IST) Aug 19
Gold Rate Today: Gold gains ahead of fed rate clues
Gold prices edged higher in early Asian trading as US Treasury yields eased, with investors awaiting the Federal Reserve’s meeting minutes due at 1800 GMT. Spot gold rose 0.2% to $4,342.33 per ounce after declining nearly 2% in the previous session. December US gold futures fell 0.6% to $4,396.30.
08:21 (IST) Aug 19
Gold Rate Today: Gold rises as treasury yields ease
Spot gold edged 0.2% higher to $4,342.33 an ounce as US Treasury yields retreated from recent highs. The move came after gold fell nearly 2% on Tuesday. Investors are awaiting the Federal Reserve’s latest meeting minutes, with markets pricing a 65% probability of unchanged rates and a 35% chance of a September rate hike.
08:20 (IST) Aug 19
Gold Rate Today: Gold edges higher as fed minutes loom
Gold prices rose 0.2% to $4,342.33 per ounce in early Asian trade on Wednesday as US Treasury yields eased from recent highs. The precious metal had fallen nearly 2% in the previous session, while December US gold futures slipped 0.6% to $4,396.30. Investors are awaiting the Federal Reserve’s meeting minutes for clues on the interest-rate outlook.
Gold prices recovered slightly in early Asian trading after a sharp decline in the previous session, supported by a retreat in US Treasury yields as markets awaited the Federal Reserve’s meeting minutes. Spot gold climbed 0.2% to $4,342.33 an ounce, while US gold futures declined 0.6%. Investors are weighing the impact of rising oil prices, driven partly by uncertainty over the Strait of Hormuz and the Iran conflict, on inflation and future interest rates. Higher rates typically pressure gold by boosting the dollar and making yield-bearing assets more attractive. Traders currently price a 65% chance of the Fed keeping rates unchanged in September, against a 35% probability of a hike. Silver slipped, while platinum edged higher and palladium declined.
