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COMEX gold falls amid hawkish Fed outlook, silver posts over 4% fall
Gold and silver prices slide as a stronger US dollar, Fed rate hike fears and West Asia tensions weigh on bullion, with key support levels now under threat.
Gold, silver rates today: Comex gold reclaims $4,000/oz; silver rebounds by $1/oz as US dollar softens
Gold and silver prices showed signs of recovery on June 25, lifting gold futures by $44. Despite this, gold remains down 8% in June, while silver fell to a seven-month low. US inflation impacts are leading to cautious optimism among investors.
Gold, silver: Domestic bullion rebounds, global market remains subdued
Gold and silver prices swung sharply on Thursday, recovering from steep early losses as bargain buying emerged despite pressure from a stronger dollar
Gold demand remains weak despite sharp price correction, says IBJA's Surendra Mehta
Despite remaining bullish on gold and silver over the long term, India Bullion & Jewellers Association (IBJA) Secretary Surendra Mehta says a stronger US dollar and weak investment sentiment are weighing on precious metals. He also warns that silver import restrictions could tighten domestic supplies, even as buyers wait for lower prices before returning to the market.
Gold slips marginally in futures trade; silver rebounds on value buying
Gold futures on MCX edge lower on weak global cues and strong US dollar, while silver recovers on bargain buying, analysts see correction but say long term outlook for bullion stays positive
Silver price tanks 14% in a week leading to 9% decline in Hindustan Zinc share price. Is worst over for white metal?
Hindustan Zinc shares dropped 4% to ₹531.1 as silver prices continued to decline, impacted by a stronger US dollar and rising bond yields. Silver fell 14% this week, exacerbated by diminished geopolitical tensions and expectations of higher US interest rates affecting investor demand.
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
Gold, silver ETFs fall up to 4% as stronger dollar, rate-hike fears weigh
Analysts said silver ETFs have corrected more sharply than gold ETFs as silver functions both as a precious metal and an industrial commodity
Vedanta, NALCO, Hind Zinc: Metals stocks dip up to 3%; here's why
A sell-off in precious metals, especially Silver, owing to strength in the US dollar and hawkish US Federal Reserve stance, triggered selling pressure in metal stocks on Thursday, say analysts.
Vedanta, NALCO, Hindustan Zinc shares fall up to 3% as silver, aluminium, other metal prices tumble. Here's why
Metal stocks including Vedanta, NALCO and Hindustan Zinc fell up to 3% as global metal prices declined sharply. A stronger US dollar, easing Middle East tensions and rising expectations of a Fed rate hike pressured commodities like silver, aluminium, copper and zinc, triggering a broad-based pullback in the metal pack.
Gold rate falls on MCX on a stronger dollar amid rising expectations of US Fed rate hikes; what should investors do?
Gold rate on the MCX declined in the morning on Thursday, 25 June, due to a stronger dollar. MCX gold August futures were 0.37% down at ₹1,40,749 per 10 grams, while MCX silver July futures were 1.07% down at ₹2,10,801 per kg around 9:10 am.
Gold slips below $4,000 an ounce, silver tumbles nearly 2%: Factors at play
Gold and silver prices fall as a stronger US dollar and expectations of further Federal Reserve rate hikes pressure bullion, investors eye key US economic data.