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Spot gold is up 0.1% at $3,369.92/troy ounce. The Middle East conflict will meanwhile be another headwind for industrial metal copper, which is viewed as a proxy to global economic growth, Hynes says.
Gold is currently holding its ground at over $2600 (approximately Rs 76,000) per ounce, according to market analysts. However, caution is advised before making any significant investment decisions.
However, Goldman does not expect silver to keep pace with gold’s rise and sees gold as the stronger performer. The bank's base case expects gold to hit $3,700 per ounce by the end of 2025 and ...
Gold prices slid Monday morning after Israel and Iran backed away from the brink of an escalating spiral of attacks. Gold futures dropped 2.6%, or $63 a troy ounce, to $2,350, putting them on pace ...
Spot gold XAU= rose 0.8% to $1,938.79 per ounce by 0248 GMT, after scaling its highest since Sept. 20 earlier in the session. U.S. gold futures GCcv1 also jumped 0.8% to $1,951.50.
Gold held nearly steady on Tuesday after hitting a five-month high last week, while traders kept one eye on U.S. economic data and another on tensions in the Middle East.