Gold prices settle higher, then pull back after Fed meeting minutes

as mentioned in Market PulseGold prices settle higher, then pull back after Fed meeting minutesGold prices ended higher Thursday, buoyed by weakness in the dollar. After minutes from the Federal Reserve's June meeting offered no inclination to pause plans for further interest-rate hikes, gold edged down from its settlement level. August gold gcq8-0.23% was at $1,257.10 an ounce in electronic trading, after settling with a gain of $5.30, or 0.4%, at $1,258.80 an ounce. That was the highest finish since June 26, according to FactSet data. See original version of this story

Gold prices to trade higher today: Angel Commodities

Gold prices to trade higher today: Angel CommoditiesAngel Commodities' report on GoldSpot gold prices traded higher by 0.9 percent to trade at $ 1252.4 per ounce while MCX gold prices gained 0. Despite escalating trade tensions between US and China, gold prices have been falling as markets are pricing in two more rate hikes for the rest of the year. Rising interest rate scenarios does not favour investments in the yellow metal and hence the prices correction. The US economy growing at 4.5 annualised rate in the second quarter, and steady dollar are blend of options for gold prices to move down in the coming weeks. On the MCX, gold prices are expected to trade higher today.

Gold prices mark fourth decline for longest losing streak in nearly 5 months

referring to August gold GCQ8-0.23% fell $5.10, or 0.4%, to settle at $1,251 an ounce—the lowest settlement for a most-active contract since Dec. 13. The four consecutive session losses also marked the lengthiest selloff since a four-day slide ended Feb. 7, according to FactSet data. The current dynamic in gold has led some investors to wonder if the precious metal has lost its efficacy as a traditional haven asset. Gold prices have lost 1.4% so far this week and 4% so far in June. October platinum PLV8+0.67% declined by 0.8% to $855.20 an ounce, while September palladium PAU8+0.56% ended at $930.90 an ounce, down 1.4%.

Gold prices end lower, but notch a modest gain for the week

Market PulseGold prices end lower, but notch a modest gain for the weekGold futures settled lower Friday, but managed to hold onto a slight gain for the week, as a mostly upbeat U.S. jobs report was seen as keeping the Federal Reserve on a path toward gradually higher interest rates. August gold gcq8-0.23% fell $3, or 0.2%, to settle at $1,255.80 an ounce. It rose roughly 0.1% for the week. See original version of this story

Gold prices rise by Rs 110, silver gets cheaper by Rs 100; check latest gold price in Delhi before buying

Gold prices rise by Rs 110, silver gets cheaper by Rs 100; check latest gold price in Delhi before buyingGold prices rose by Rs 110 to Rs 31,690 per ten grams on the back of persistent buying by local jewellers even as the precious metal weakened overseas. However, silver slipped by Rs 100 to Rs 40,500 per kg due to reduced offtake by industrial units and coin makers. In Delhi, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 110 each to Rs 31,690 and Rs 31,540 per ten grams, respectively. However, silver slipped by Rs 100 to Rs 40,500 per kg due to reduced offtake by industrial units and coin makers. On the other hand, silver ready fell by Rs 100 to Rs 40,500 per kg, while weekly-based delivery climbed by Rs 680 to Rs 39,880 per kg on speculative buying.

collected by :kiven Dixter