Tag: Gold Price
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Gold Prices Slump in Vietnam as Saigon Jewelry Company Posts Decline in Gold Bar Rates
Vietnam’s Gold Market Sees a Decline as Prices Fall Across Key Offerings The Vietnamese gold market has moved lower, with fresh data showing a decline in both gold bars and associated products. Notably, the Saigon Jewelry Company reported a fall in its gold bar price, reflecting a broader trend in the regional bullion market. Investors…
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Gold Reaches 50th Record High of the Year as Rate-Cut Prospects Rise
Gold Hits 50th Record This Year Amid Rate-Cut Hopes Gold traded higher on renewed expectations of U.S. monetary easing and ongoing geopolitical tensions, extending a year with a string of all-time records. Prices rose as much as 1.2% to hover just below $4,500 an ounce, marking the 50th time this year that gold has touched…
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Gold Tops 50 Records This Year as Rate Outlook Looms
Gold Reaches 50th Daily Record of the Year on Rate-Cut Bets Gold advanced to a fresh peak for the year, marking the 50th daily record as investors weigh the outlook for U.S. monetary policy and escalating geopolitical tensions. The precious metal climbed as much as 1.2% to trade just below $4,500 an ounce, continuing a…
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Gold climbs to record high near $4,400 on safe-haven flows
Gold hits new intraday high as safe-haven demand intensifies Gold prices surged to a fresh record near $4,400 per ounce as investors sought shelter from market turbulence and inflation concerns. The metal, typically viewed as a hedge against macro risk, gained momentum in early European trading amid mounting bets that the U.S. Federal Reserve could…
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Gold climbs to record high on safe-haven demand ahead of Fed cuts
Gold hits record highs as safe-haven demand intensifies Gold prices surged to fresh record levels on Monday as investors flocked to the precious metal amid growing concerns about inflation and the pace of policy tightening. The yellow metal traded near the $4,300 to $4,400 range in early European trading, signaling a renewed appetite for safety…
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Malaysia’s Gold Rush: Jewelry Stores Buzz as Prices Climb
Malaysia’s Gold Rush Sends Jewelry Stores into a Frenzy Malaysia is witnessing a remarkable surge in activity at jewelry stores as gold prices climb, turning the nation into a busy hub for wedding shopping and precious metal purchases. The recent rise in gold costs has not only affected household budgets but also reshaped the way…
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Gold Prices in Pakistan Today: Global Decline Impacts Local Market
Gold Prices in Pakistan Today Fall Amid Global Decline After a brief two-day pause, bullion markets worldwide retraced as gold prices slipped again. The international spot price declined by roughly $6 per ounce, settling around $4,001. This global movement has direct repercussions for gold markets in Pakistan, where local prices typically mirror the international trend…
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Global Markets Tumble as Gold Soars to Record High amid Bank Stress Fears
Global markets retreat as concerns over US regional banks mount Global stock markets fell sharply on Thursday as headlines about US regional banks exposed to millions of dollars in bad loans and alleged fraud spurred investor risk-off sentiment. European indices led the retreat, with London’s FTSE 100 dropping around 1.5%, Germany’s Dax slipping about 2%,…
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RBA Governor Michele Bullock Faces Senate, ASX Slips as Gold and Oil Tread Water
RBA Governor Michele Bullock Testifies at Senate Estimates Australia’s central bank was back in the spotlight as RBA Governor Michele Bullock faced questions at the Senate Estimates hearing on Friday. The session focused on monetary policy transmission, housing affordability, and the risks around government guarantees in the First Home Guarantee scheme, drawing direct lines between…
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FTSE 100 Slips as Gold Pullback and Easing Geo- tensions Weigh on London Markets
FTSE 100 Faces a Mixed Morning as Gold and Defence Stocks Retreat The London market started Friday with modest declines as gold prices pulled back from their recent highs and investors weighed the impact of easing tensions in the Middle East on defence stocks. The FTSE 100 hovered around the 9,500 level, with sentiment cautious…