Gold Slides Rs 500 as Oil Surge, Strong US Dollar Weigh on Bullion
Global gold slipped 1.3% as traders priced in a likely Federal Reserve rate hike and higher energy costs lifted the dollar.
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4 Articles
US dollar rallies as oil prices jump and AI fears knock markets
[LONDON/SINGAPORE] The US dollar rose to a two-week high on Monday (Sep 14) as conflict in the Middle East pushed up oil prices and sent investors towards the safe-haven currency, weighing particularl... Read more at The Business Times.
Gold slides Rs 500 as oil surge, strong US dollar weigh on bullion
New Delhi, Sep 14: Gold began the week on the back foot, falling Rs 500 to Rs 1,55,400 per 10 gram in the national capital on Monday as a sell-off in global markets gathered pace amid a sharp rise in crude oil prices and the US dollar. The yellow metal of 99.9 per cent purity had closed at Rs 1,55,900 per 10 gram on Friday. However, silver bucked the trend and held steady at Rs 2,34,600 per kilogram (inclusive of all taxes), according to local t…
The most liquid gold contract closed close to stability on Monday (14) in a session with renewed oil discharge in the face of the tightening of disputes in the Middle East. The yields of US Treasury bonds, the Treasures, also advanced, reducing the attractiveness of gold. In Comex, metal division of the New York Mercantile [...]
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