Feb 2 (Reuters) – Gold and silver prices continued to fall on Monday as higher margin requirements at CME Group compounded last week’s sharp selloff following the nomination of Kevin Warsh as the next Federal Reserve chair. Spot gold was down 4.8% at $4,630.59 an ounce by 01:32 pm ET (1832 GMT), after tumbling nearly…
Despite elevated geopolitical tensions, trade worries, and policy uncertainty in Washington, the sell-off in precious metals deepened further in Monday’s session, February 2, as investors appeared to accelerate their dumping spree. Precious metals, which were once trading at record highs, are now struggling near multi-month lows. Apart from gold and silver, platinum prices also faced…
Gold Price Today: After being one of the hottest trades in precious metals over the past two years, gold has seen a sharp reversal. Gold prices on the MCX have fallen by nearly ₹38,000 from record highs, prompting investors to weigh whether the decline offers a buying opportunity or signals the need for greater caution….
Gold-silver ratio: Gold prices have surged 73% in a year, but this performance gets eclipsed by the sharp 171% gains delivered by silver during this period, despite the pullback seen in prices over the last two trading sessions that ended January 30. Silver rate cracked 27% on Friday to trade around $84, and gold tumbled…
After a record-breaking rally in the last few weeks, the prices of gold and silver crashed on Friday. Gold suffered its biggest slide in four decades, falling more than 12% in its biggest daily decline since the early 1980s. Silver posted a record intraday decline, plunging more than 36%, as the selloff swept through the…
The sharp sell-off in precious metals deepened during Friday’s afternoon session, gold and silver futures on the MCX plunging as much as 15% after opening up to 4% lower earlier in the day. MCX February gold futures slid 9%, or ₹15,000 per 10 grams, to ₹154,157 in afternoon trade. From record highs, the yellow metal…
Jan 29 (Reuters) – Gold fell on Thursday as investors took profits after a record high, yet prices remained on course for their best month since the 1980s amid heightened economic and geopolitical uncertainty. Spot gold was 1.3% lower at $5,330.20 an ounce by 01:30 pm ET (1830 GMT). The metal reversed course, falling more…
Gold rate today: As gold prices top the $5,000 per ounce mark on Monday, January 26, for the first time, Rich Dad Poor Dad author Robert Kiyosaki further reiterated his bullish stance on the yellow metal. Kiyosaki’s latest gold price target signals that the rally may be far from over, projecting a potential rise to…
TACO may have saved the day, but like the storm hitting much of the country, markets could freeze up again. TACO, of course, is an acronym for Trump Always Chickens Out. It was the ticket to a recovery this past week after the president triggered a selloff over his gambit to acquire Greenland for the…
The rally in gold and silver prices on January 23 also extended to platinum, another precious metal, as demand for non-US assets rose amid heightened global uncertainty and escalating geopolitical risks. Platinum prices surged to a record high of $2,684.43 in trade today. Meanwhile, silver and gold prices eyed psychologically important $100 and $5000 marks,…
