LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Gold inches higher after five-week low as dollar gains on rate hike views

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Gold inches higher after five-week low as dollar gains on rate hike views
An ingot is left to cool in Ahlatci Metal Refinery in the central Anatolian city of Corum. Image Source: Reuters
Written By: Reuters
Updated: Tue, Jun 20, 2017
08:17 am
Reuters
RELATED NEWS
Gold Price Today 14-04-2021: Gold turns EXPENSIVE, hits Rs 49,000-mark, in Delhi markets, Silver at 70,000; Expert tells INVESTMENT strategy Gold Price Today 14-04-2021: Gold turns EXPENSIVE, hits Rs 49,000-mark, in Delhi markets, Silver at 70,000; Expert tells INVESTMENT strategy
BUY Gold this Gudi Padwa; fundamentals remain strong; INVEST HERE BUY Gold this Gudi Padwa; fundamentals remain strong; INVEST HERE
Gold Price Today 13-04-2021: Bullion trades positive on Tuesday; Motilal Oswal, IIFL give trends for investors Gold Price Today 13-04-2021: Bullion trades positive on Tuesday; Motilal Oswal, IIFL give trends for investors
Gold Price today 13-04-2021: Expert reveals target of Rs 46,350; Rs 50,000-mark eyed Gold Price today 13-04-2021: Expert reveals target of Rs 46,350; Rs 50,000-mark eyed
Gold Price Today 12-04-2021: Resistance for Gold MCX is Rs 46819 and 46932 while the support is at Rs 46394 and Rs 46550 Gold Price Today 12-04-2021: Resistance for Gold MCX is Rs 46819 and 46932 while the support is at Rs 46394 and Rs 46550

Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank`s hawkish stance.

FUNDAMENTALS

* Spot gold rose 0.1 % to $1,243.90 per ounce, as of 0044 GMT, after it hit a fresh near five-week low of $1,242.61 during the session.

* U.S. gold futures for August delivery fell 0.1 % to $1,245.10 per ounce.

* New York Federal Reserve President William Dudley reinforced expectations that the U.S. central bank will continue on its path of tightening monetary policy.

* World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official. 

* The dollar reached to session highs against the euro and yen on Monday as comments from New York Federal Reserve President William Dudley, suggesting the central bank remains on track to raise U.S. interest rates further despite recent disappointing inflation data.

* With inflation stubbornly soft despite a 16-year low in the U.S. unemployment rate, the Federal Reserve should move only slowly to raise interest rates and trim its massive bond portfolio, Chicago Fed President Charles Evans said Monday.

* Confidence among Japanese manufacturers bounced in June to match a decade-high level recorded in April and is expected to rise for several months, a Reuters survey found, providing more evidence of economic recovery.

* The two men in charge of Britain`s economy are expected to spell out on Tuesday how they plan to prevent a further hit to its already weakened growth prospects following the launch of the country`s historic Brexit talks.

* The British and EU Brexit negotiators agreed how to organise talks on Britain`s divorce at a first meeting in Brussels on Monday, where both sides stressed goodwill but also the huge complexity and tight deadline.

* Sibanye Gold`s Cooke mine in South Africa will remain shut until at least Thursday as the company goes through an appeals process for workers fired for taking part in a wildcat strike, it said on Monday.=>

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
goldGold bulliongold pricesdollar valueInflationEconomy
RELATED NEWS
Gold Price Today 14-04-2021: Gold turns EXPENSIVE, hits Rs 49,000-mark, in Delhi markets, Silver at 70,000; Expert tells INVESTMENT strategy Gold Price Today 14-04-2021: Gold turns EXPENSIVE, hits Rs 49,000-mark, in Delhi markets, Silver at 70,000; Expert tells INVESTMENT strategy
BUY Gold this Gudi Padwa; fundamentals remain strong; INVEST HERE BUY Gold this Gudi Padwa; fundamentals remain strong; INVEST HERE
Gold Price Today 13-04-2021: Bullion trades positive on Tuesday; Motilal Oswal, IIFL give trends for investors Gold Price Today 13-04-2021: Bullion trades positive on Tuesday; Motilal Oswal, IIFL give trends for investors
Gold Price today 13-04-2021: Expert reveals target of Rs 46,350; Rs 50,000-mark eyed Gold Price today 13-04-2021: Expert reveals target of Rs 46,350; Rs 50,000-mark eyed
Gold Price Today 12-04-2021: Resistance for Gold MCX is Rs 46819 and 46932 while the support is at Rs 46394 and Rs 46550 Gold Price Today 12-04-2021: Resistance for Gold MCX is Rs 46819 and 46932 while the support is at Rs 46394 and Rs 46550

LATEST NEWS

YES Bank stock! Expert suggests Rs 17-18 target price for this lender

Mid-Cap Stock Picks With Anil Singhvi: Aarti Surfactants, Greaves Cotton and FDC are top recommendations

Infosys employee count - Up 7 pct YoY even as attrition picks up to 15.2 pct on-quarter basis

Free Fire OB27 update: Check release date and time in India, upcoming patch, weapons and more

What expert said about these Rakesh Jhunjhunwala stocks in gaming space - Delta Corp, Nazara Technologies

Cancel CBSE Board Exam 2021: After Arvind Kejriwal, Punjab CM Amarinder Singh says POSTPONE CBSE board exams, shoots off letter to Pokhriyal

BIG - CBSE Board Exams 2021 - Class 10th boards CANCELLED, Class 12th postponed - Get FULL DETAILS here

PUBG Mobile 1.4 beta update: Check invitation code, new features, Godzilla vs Kong collaboration, APK download link and more

CBSE Class 10 Class 12 Board Exams – Students, Parents welcome Govt’s Decision to Cancel CBSE Board exam 2021

LIC Alert – NEVER surrender your existing policy for exaggerated offers promised by fraudsters, REPORT at spuriouscalls@licindia.com

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved