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Gold gains as rising virus cases, easing dollar boost safe-haven appeal

Gold gained on Monday, as surging COVID-19 cases boosted the metal s safe-haven appeal, aided by a weaker dollar ahead of the U.S. Federal Reserve s meeting this week, while auto-catalyst palladium held below a record peak scaled last week.
Spot gold was up 0.1% at $1,778.22 per ounce by 0707 GMT. U.S. gold futures fell 0.1% to $1,775.70 per ounce.
The COVID-19 situation in India and Japan is deteriorating. So that is boiling demand for safety, resulting in higher gold prices, said Margaret Yang, a strategist at DailyFX, adding that an easing dollar is further supporting prices.
Cases in India registered a record surge, while Japan declared states of emergency for Tokyo, Osaka and two other prefectures on Friday to combat a spike. ....

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Gold heads for weekly rise on subdued US Treasury yields, dollar

Gold was little changed on Friday but was set to post a third straight weekly gain after U.S. President Joe Biden s proposal to hike capital gains tax weighed on U.S. Treasury yields, while a weaker dollar also supported.
Spot gold was steady at $1,783.24 per ounce by 0723 GMT. The metal jumped to its highest since Feb. 25 at $1,797.67 on Thursday, and has added about 0.4% so far this week.
U.S. gold futures rose 0.2% to $1,785.60 per ounce.
The knock-on effect from the tax hike (proposal) is attracting bond investors and the yields have dropped, and this is providing a little bit of lift-off for gold, said Stephen Innes, chief global market strategist at financial services firm Axi. ....

Emelia Sithole Matarise , Stephen Innes , Shailesh Kuber , Shreyansi Singh , Joe Biden , Gold Prices , Gold Latest News , Old Latest Updates , Gold Rises , Gold Falls , ஸ்டீபன் இநெஸ் , ஷைலேஷ் குபர் , ஓஹோ பிடென் , பழையது ப்ரைஸஸ் , பழையது விழும் ,

Second coronavirus wave stifles gold demand in India

Second coronavirus wave stifles gold demand in India
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Gold heads for weekly rise on subdued U.S. Treasury yields, dollar

President Joe Biden’s proposal to hike capital gains tax weighed
on U.S. Treasury yields, while a weaker dollar also supported.
Spot gold was steady at $1,783.24 per ounce by 0723
GMT. The metal jumped to its highest since Feb. 25 at $1,797.67
on Thursday, and has added about 0.4% so far this week.
U.S. gold futures rose 0.2% to $1,785.60 per ounce.
“The knock-on effect from the tax hike (proposal) is
attracting bond investors and the yields have dropped, and this
is providing a little bit of lift-off for gold,” said Stephen
Innes, chief global market strategist at financial services firm
Axi.
how the U.S. Federal Reserve is going to play next week.” ....

Emelia Sithole Matarise , Shailesh Kuber , Shreyansi Singh , Joe Biden , ஷைலேஷ் குபர் , ஓஹோ பிடென் ,

Second coronavirus wave stifles gold demand in India

Second coronavirus wave stifles gold demand in India
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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