India's gold imports fall 58% in August, silver imports rise 127%
India's gold imports fell dramatically last month even as silver shipments surged, the Ministry of Commerce announced on Tuesday.Gold imports dropped by 57.75% to $2.3 billion in August, the data showed. However, silver imports actually rose by 127% to $1.02 billion during the month.
Gold, silver prices rise as oil eases before Fed decision - Kitco AM Report
Spot gold and silver prices are higher in early U.S. trading Wednesday, as softer crude oil prices and a modest easing in Treasury-yield pressure helped precious metals recover ahead of the Federal Reserve's rate decision.
Gold price trades at $4,340/oz after retail sales rise 1.2% in August
The gold market is trading near session highs after the latest data showed American consumers' spending rising more than expected last month.U.S. retail sales rose 1.2% in August following an unrevised reading of -0.6% in July, the U.S. Commerce Department announced on Wednesday. The data was better than expectations, as the consensus of economists projected a 0.8% increase in August's headline number.
Gold prices could rally a little on a Fed hike, but a lot on a hold, with $5,000/oz back on the table – Jesse Columbo
If the Federal Reserve hikes interest rates by 25 basis points as expected on Wednesday afternoon, gold could still see a mild relief rally on the removal of lingering uncertainty. But if the central bank ignores market expectations and votes to hold rates steady, gold prices could surge higher as they begin a march back to $5000, according to Jesse Colombo, independent precious metals analyst and founder of the BubbleBubble Report.
Gold is starting to move on something a lot bigger than inflation
Gold should have had a difficult day when inflation data was released last week, but it didn't. And that sent a clear message.
Gold Price Forecast: 200-Day EMA in Focus Ahead of Fed
Gold tests its 200-day EMA as traders await the Fed for clues on the next directional move.
Gold Stays Under Pressure as Oil Heightens Inflation Fears
Gold was trading below $4,300 an ounce after oil prices and inflation fears drove another rise in bond yields overnight.
Gold faces rising yield threat as 10-year Treasury approaches 5%, but debasement demand provides support
Gold prices are facing growing near-term headwinds as surging U.S. bond yields and increasingly hawkish monetary policy expectations raise the opportunity cost of holding a non-yielding asset.
Gold price fall nearly 2% as oil surge and near-5% Treasury yields bolster Fed rate-hike expectations - Kitco AM Report
Spot gold and silver prices are seeing significant selling pressure Monday morning as rising bond yields and surging energy prices strengthen expectations that the Federal Reserve will raise interest rates this week, overwhelming safe-haven demand generated by escalating geopolitical uncertainty in the Middle East.
Gold Edges Lower; Focus on U.S. Core Inflation
Gold edged lower in Asian trade. U.S. core inflation data likely strengthens the case for the Fed to raise its benchmark rate at its meeting this week, CBA said.
The next trillion matters more for gold than the next Fed rate hike
Something incredible happened this week, and even if you weren't paying attention, the gold market certainly was.
Wall Street turns bullish on gold price ahead of the Fed, Main Street clings to slim bullish majority despite weekly slide
The latest Kitco News Weekly Gold Survey showed Wall Street returning to its bullish bias after gold's late-week rebound, while Main Street further pared back its bullish majority following another weekly decline.
