Spdr Gold Shares ETF News

Gold managed to settle above $1915 and is testing the resistance level at $1935.

Gold and silver futures rebounded on Thursday, March 17, taking cues from the international spot rates.

Gold struggles as the Fed maps out aggressive tightening. The precious metal has given up all its gains from the previous parabolic rise, which suggests a lack of commitment to support the rally. The price is testing the origin of the bullish breakout at 1907 which coincides with the 30-day moving average. An oversold RSI […] The post XAU/USD Stabilizes appeared first on Action Forex .

Futures on MCX move up 0.5%; CME gold gains over $20

(Kitco News) - After rising 0.47% on Wednesday gold is another 0.21% higher leading into Thursday''s session. Silver is also 0.16% higher trading at $25.13/oz. In the rest of the commodities complex, copper is 0.29% higher and spot WTI has moved 2.56% into the black.

India''s annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council (WGC) said in a report published on Thursday.

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Gold Up, But Near Three-Week Low as Fed Rate Hike boosts Treasury Yields

Gold prices climbed after the Federal Reserve hiked rates and the US Dollar weakened. A closely watched section of the yield curve remained lower despite market confidence in the central bank. Wher…

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Gold futures on MCX for April delivery were trading at Rs 51,678 per 10 grams, up Rs 458 or 0.90 per cent. But analysts expected gold to fall going ahead as the bullion is highly sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion.

Key Highlights Gold price started a downside correction from the $2,070 high. It traded below a major bullish trend line with support near $1,950 on the 4-hours chart. EUR/USD must clear 1.1080 for a fresh increase, and GBP/USD is facing hurdle at 1.3150. The BoE Interest Rate Decision is scheduled today (forecast 0.75%, versus 0.50% […] The post Gold Price Trim Gains, $1,880 Is The Key appeared first on Action Forex .

It was a volatile session around the FOMC meeting but after the press conference, commodities and therefore commodity currencies rallied into the close. Wednesday US cash market close: The Dow Jones Industrial rose 518.76 points (1.55%) to close at 34,063.10 The S&P 500 index rose 95.41 points (2.51%) to close at 34,058.75 The Nasdaq 100 […] The post Best Day for AUD in 13-Months, Gold Hints at Swing Low appeared first on Action Forex .

Gold prices have been under pressure in past few sessions amid Russia-Ukraine talks and strong equities

Gold prices were flat on Thursday, hovering near a three-week low touched in the previous session, after the U.S. Federal Reserve''s interest rate hike lifted Treasury yields and as the Russia-Ukraine peace talks also capped bullion''s appeal.