Gold Reports

Gold was among the very first metals to be mined because it commonly occurs in its native form. It is pure, beautiful and lasts for a lifetime since it doesn’t age and hence the metal started to gain value. Because of its exquisite properties, chemical and physical, people started crafting expensive objects made in gold that were worn, cherished and passed through generations. Some on the other hand took gold as something they could invest in as they saw its value appreciating while people started treating it as a precious and valuable find. Not just that, artisans of ancient civilizations lavishly used gold to craft sculptures, lifestyle objects and also to decorate tombs and temples. Even today, archaeologists keep uncovering such finds, some even dating back to more than 5,000 years ago.

Gold, even today remains one of the most precious elements that is found on earth. Its value keeps fluctuating with respect to various geographical, political and economical factors. Geographical factors include the availability of gold mines in a geographical area, whereas political factors like wars and international tensions have a drastic effect on the other hand economical factors like demand and supply also play a major role in determining the rate of gold.

Gold-Market-Commentary

Gold prices hovers near $1,800 an ounce, with focus on slowing US inflation

Gold prices rose for a fourth straight week to mid-August, hovering close to $1,800 per ounce, with a focus on data showing a slowdown in U.S. inflation increases. Gold was at $1,801.97 per ounce, up 0.74 percent, in late trade on August 12. After US consumer prices rose by an annualised 8.5 percent in July, […]

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Gold-Market-Commentary

Gold steadies in mid-July, underpinned by softer dollar, with global recession fears growing

Gold prices steadied in mid-July, buoyed by a softer U.S. dollar on receding expectations of a large, 100 basis points (1 percent) U.S. rate hike next week as global recession fears build. Gold prices were down 0.3 percent to $1,709.50 per ounce on July 18. Gold had recovered from its lowest level in nearly a […]

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Gold-Market-Commentary

Gold falls pressured by U.S. rate rise outlook, strong dollar

Gold prices fell around 4 percent in the second week of May, pressured by expectations of more U.S. rate rises in the pipeline to control inflation, and by a rising dollar. Gold slid to $1,798.86 per ounce on May 13, its lowest level since February 4, before clawing back some ground to $1,810.68 later in […]

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Gold-Market-Commentary

Gold rose in second week of April, buoyed by safe-haven status

Gold prices rose in the second week of April, underpinned by the yellow metal’s appeal as a safe haven amid fears of an increasing Russian offensive in eastern Ukraine, and concerns over rising inflation. Gold dipped on April 14, just before the Easter break, pressured by a stronger U.S. dollar. Dollar-denominated gold becomes more expensive […]

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Gold-Market-Commentary

Gold inches up after US hikes rates

Gold prices edged up slightly after the US Federal Reserve (Fed) raised interest rates by a quarter of a percentage point, with the precious metal’s immediate future linked to expectations of further US rate increases and uncertainty over the war in Ukraine. Gold prices were flat after the Fed raised rates on March 16 as [...]

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Gold-Market-Commentary

Gold eases on reports some Russian troops near Ukraine return to bases

Gold prices dipped from 8-month peaks in mid-February on reports some Russian troops near Ukraine returned to their bases, easing worries over risks of an invasion. Some troops in Russia’s military districts adjacent to Ukraine are returning to base after completing drills, Russia’s defense ministry was quoted as saying on February 15. The news also [...]

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Gold-Market-Commentary

Gold dips, pressured by firmer dollar and prospects for higher U.S. rates

Gold slipped in mid-January, pressured by a firmer dollar and sentiment that U.S. interest rates could rise in order to tame inflation. Gold eased 0.3 percent to $1,816.22 per ounce on January 14, weighed by a stronger dollar and firmer Treasury yields on prospects of U.S. interest rate rises. Upside in the greenback makes dollar-denominated [...]

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Gold-Market-Commentary

Gold rises after US central bank decides to reduce stimulus; UK rate rise boosts pound

Gold rose and the dollar fell in mid-December after the US central bank decided to wind back its stimulus measures. In the UK, the decision by the Bank of England on December 16 to raise interest rates to 0.25 percent from their historic low of 0.1 percent, which surprised some market commentators, boosted the pound, [...]

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Gold-Market-Commentary

Gold buoyed by inflation concerns; pound seen well-supported near term

Gold prices accelerated higher in the first half of November, buoyed by nagging concerns over inflation. Prices of gold, seen as a hedge against rising prices, rose around 2.6 percent in the second week of November, underpinned by rising consumer prices in the United States. Spot gold prices were down 0.44 percent at 1,857.26 per [...]

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