Page 4 - Gold Rises News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gold was little changed on Friday but was set to post a third straight weekly gain after U.S. President Joe Biden's proposal to hike capital gains tax weighed on U.S. Treasury yields, while a weaker dollar also supported. Spot gold was steady at $1,783.24 per ounce by 0723 GMT. The metal jumped to its highest since Feb. 25 at $1,797.67 on Thursday, and has added about 0.4% so far this week. U.S. gold futures rose 0.2% to $1,785.60 per ounce. "The knock-on effect from the tax hike (proposal) is attracting bond investors and the yields have dropped, and this is providing a little bit of lif...

In the previous trade, the precious metal had closed at Rs 47,297 per 10 gram. Silver also declined Rs 909 to Rs 68,062 per kg, from Rs 68,971 per kg in the previous trade. In the international market, gold was quoting marginally higher at USD 1,784 per ounce and silver was flat at USD 26.05 per ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Gold prices traded firm with spot gold prices at COMEX (New York-based commodities exchange) were trading at USD 1,784 per ounce on Friday. Gold prices held firm trading range recovering from Thursday's lows. (Only the headline...

Gold prices steadied near a two-month high on Thursday, a whisker away from the key $1,800 threshold as the U.S. dollar faltered with easing Treasury yields, while supply concerns kept palladium anchored near last session's record peak. Spot gold was little changed at $1,792.66 per ounce by 0707 GMT, after hitting its highest since Feb. 25 at $1,797.67. U.S. gold futures were flat at $1,793 per ounce. "What's obviously underpinning the upswing (in gold) is the dynamic in U.S. Treasuries ... which is sort of pushing lower in the very short term," said IG Market analyst Kyle Rodda, adding tha...

Gold prices inched lower on Tuesday after hitting a seven-week high in the previous session, as a rebound in U.S. Treasury yields eclipsed support from a weaker dollar. Spot gold was down 0.1% at $1,768.01 per ounce by 0711 GMT, after hitting $1,789.77 on Monday, its highest since Feb. 25. U.S. gold futures eased 0.1% to $1,769 per ounce. "Gold came off Monday's high against a backdrop of rising yields. But the rise in yields didn't echo into the dollar. The greenback's soggy performance is supportive for gold," said DailyFX currency strategist Ilya Spivak. Benchmark 10-year U.S. Treasury...