Gold prices witnessed a notable decline in both domestic and international markets on Thursday, while silver managed to trade higher on the Multi Commodity Exchange (MCX). The easing of geopolitical tensions linked to Greenland and a stronger US dollar reduced safe-haven demand, prompting investors to book profits after a recent…
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Gold’s Appeal Grows with Fed Rate Cut Hopes and Dollar Softness
Gold prices edged higher on Friday, supported by a softer U.S. dollar and rising market expectations that the Federal Reserve will cut interest rates again before the year ends. The move reinforced gold’s traditional status as a safe-haven asset amid economic uncertainty. At 13:15 GMT, spot gold climbed 0.5% to…
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Gold Prices Rebound Above $3,980 Amid Safe-Haven Demand
Gold prices recovered on Friday, bouncing back from earlier losses as investors sought the precious metal for its safe-haven appeal. Spot gold rose 0.3% to $3,987.65 per ounce, while December futures climbed 0.7% to $4,003.30/oz by 07:59 ET (11:59 GMT). The yellow metal remains on track for its eighth consecutive…