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Gold subdued as dollar holds firm; Fed meeting in focus


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U.S. business activity grew at a moderate pace for a second straight month in July amid supply constraints, suggesting a cooling in economic activity.
A growing number of European countries are raising their defenses to counter the increase in the Delta variant of coronavirus, trying to pressure more people to get vaccinated.
Physical gold demand in India was lackluster last week with buyers put off by price volatility, forcing dealers to raise discounts to their highest in nearly a month to encourage purchases.
Speculators raised their net long positions in COMEX gold in the week ended July 20, data from the U.S. Commodity Futures Trading Commission showed. ....

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Gold set for third straight weekly gain as US yields, dollar pull back


Gold set for third straight weekly gain as US yields, dollar pull back
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Last Updated: Apr 23, 2021, 07:53 AM IST
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Synopsis
U.S. President Joe Biden s proposal to hike capital gains tax encouraged investors to flock towards bullion.
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Gold gained on Friday and was poised for a third straight weekly rise as a softer U.S. dollar, falling Treasury yields and a dip in equities after U.S. President Joe Biden s proposal to hike capital gains tax encouraged investors to flock towards bullion.
FUNDAMENTALS
Spot gold was up 0.2% at $1,787.11 per ounce by 0135 GMT, after hitting its highest since Feb. 25 at $1,797.67 on Thursday. The metal has gained about 0.6% so far this week. ....

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