Page 3 - Gold Return News Today

Meanwhile, silver opened at Rs 71,885 per kg and hit an intraday low of Rs 71,590 on the MCX. The price hovered around $22.78 per troy ounce in the international market.

Analysts say Signs of sticky US inflation and continued labour market strength capped gains for precious metals

The Chinese central bank’s decision to keep rates unchanged is being seen as a reflection of the cautious approach central banks around the world are taking

Investors are looking out for further clarity on the US Federal Reserve's future interest rate path after series of positive data points from the US

Bets for a pause in the March meeting of the US Fed are increasing significantly, say analysts

The dollar index rose nearly 1% to a more than one-month high, while yields on the benchmark U.S. 10-year Treasury notes also gained, hovering around the 4% mark

Analysts say this week will be important as along with US retail sales and IIP data, the focus will also be on GDP numbers from China

Analysts say factors like wedding season demand and the dollar index’s recovery contributed to the rise in precious metal prices

However, geopolitical uncertainty has increased once again with the US and UK launching strikes against Houthi rebels in Yemen, raising the risk premium for bullions

All eyes are now on the US inflation data, that analysts say may have inched up in December