Gold and silver prices today: Yellow metal edges up amid dollar relief
Analysts say apart from the dilemma over interest rates, geopolitical tensions in the Middle East are providing a strong floor for bullion
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Analysts say apart from the dilemma over interest rates, geopolitical tensions in the Middle East are providing a strong floor for bullion
It extended losses from the previous week as a mix of strong labour market data and hawkish Federal Reserve signals saw markets dial back expectations of early interest rate cuts
Analysts say this was because of geopolitical tensions, higher crude oil prices and weakness in the dollar after FOMC said it would not cut interest rates soon
Analysts suggest keeping an eye on the Interim Budget 2024-25
ECB Governor Christine Lagarde, however, recently struck a dovish note saying rapid wage growth was already showing signs of slowing in the eurozone