Gold, silver, platinum hit record highs! Silver tops $75 per ounce for the first time — what's fueling the rally?

Gold, silver, platinum hit record highs! Silver tops $75 per ounce for the first time — what’s fueling the rally?

Gold, silver and platinum surged to fresh record highs on Friday, driven by strong speculative momentum, and expectations of further US rate cuts amid rising geopolitical tensions.Silver crossed the $75-per-ounce mark for the first time, as both precious and industrial metals climbed to unprecedented levels amid economic and geopolitical uncertainty, Reuters reported. Major precious metals…

Read More
Gold price hits record high! Yellow metal jumps to $4,383.76 in early trade — What's driving the rally?

Gold price hits record high! Yellow metal jumps to $4,383.76 in early trade — What’s driving the rally?

Gold prices on Monday hit record high on expectations of more interest rate cuts by the US Fed and the yellow metal’s status as the steady safe-haven amid weak dollar.Spot gold surged to $4,383.73 after fresh US economic data signalled continued weakness in the labour market, while easing inflation strengthened expectations of further monetary easing…

Read More
Gold price prediction today: What is the gold price outlook in the coming days? Rs 1,35,000 – 1,36,000 band crucial

Gold price prediction today: What is the gold price outlook in the coming days? Rs 1,35,000 – 1,36,000 band crucial

Gold remains supported amidst steady US yields, falling dollar index and rupee depreciation. (AI image) Gold price prediction today: Gold prices are well supported and the bias remains on the higher side, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. He shares his views and recommendations for gold investors:Silver continues…

Read More
Silver prices at new high of over Rs 1.9L/kg

Silver prices at new high of over Rs 1.9L/kg

MUMBAI: Relentless rally in silver continued in global markets on Thursday that in turn, combined with the rupee’s recent weakness, pushed up domestic prices on the MCX to an all-time high level of over Rs 1.9 lakh/kg. In the international market, in mid-day trades, silver prices touched a new life-peak at $63.25/ounce. In the spot…

Read More
Gold outlook for the week: Yellow metal could once more be near record highs — what analysts have to say

Gold outlook for the week: Yellow metal could once more be near record highs — what analysts have to say

Gold prices are expected to stay strong and may come close to historic highs in the coming week as market participants monitor crucial US data, Federal Reserve Chair Jerome Powell’s speech and the RBI’s policy announcement, according to analysts.“Gold moves out of the consolidation range as investors focus on the manufacturing and services PMI data…

Read More