Gold Rises Slightly on Lower Oil Prices, Subdued Dollar
21 Articles
21 Articles
The price of gold rose today on Friday, with the support of the fall in the dollar and the fall in oil prices, as operators look forward to developments in the Middle East region and the course of global monetary policy.
Gold and silver prices volatile amid a decline in oil prices, stable dollar; experts highlight key levels to watch
Gold and silver prices were volatile in morning trade on the MCX on Friday, 18 September, as a decline in crude oil prices and a stable US dollar supported prices but lingering concerns over the US-Iran war kept investors cautious.
The Economic Times
Times of IndiaGold rises slightly on lower oil prices, subdued dollar
Gold prices witnessed a small rise on Friday, influenced by lower oil costs and a softer dollar backdrop. Traders remain vigilant regarding the evolving situation in the Middle East and global monetary policy trends. The US Federal Reserve has indicated potential interest rate increases in the months ahead, with other central banks, like the Bank of England and Bank of Japan, also focusing on inflation.
The current rise in gold prices is primarily driven by technical factors, given that the Fed's hawkish message has largely been factored into the market.
Gold prices rose in Asian trades today, Friday, supported by the fall in the dollar and the fall in oil prices, as investors continued to follow developments in the Middle East and global monetary policy prospects. Gold in immediate transactions climbed by 1.1 per cent, to $4386.39 per cent per ounce, while American contracts for yellow metal rose by 0.6 per cent to $4425.80 [...]
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