Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut. Spot gold fell 1.9% to $4,092.72 per ounce, as of 02:33 p.m. ET (1933 GMT), after falling over 3% earlier in the session. However, bullion is up…
Goldman Sachs has kept gold at the top of its long-term commodity picks, saying the metal’s rally still has room to run as demand from investors and central banks strengthens. The investment bank expects gold to touch $4,300 per ounce by December 2026, supported by what it calls a “structural shift” in buying patterns. The…
Silver prices in the national capital surged to a lifetime high of Rs 1,40,000 per kilogram on Thursday, September 25, driven by strong global cues and investor positioning ahead of crucial US economic data. Silver rallies to record peak The white metal climbed by about Rs 1,000 from the previous session to touch the new…
Silver, often referred to as the “poor man’s gold,” has recently stolen the spotlight in global commodity markets. While silver has always played a dual role as both an investment asset and an industrial metal, recent developments have amplified its volatility and appeal. Silver’s recent surge past ₹1,00,000/kg in India is a result of a…