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Global Market Report – 30 Jul 2021

Gold Spot Gold prices held near a two-week high and were set for their biggest weekly gain in more than two months, on renewed signs that the U.S. Federal Reserve may not taper economic support and hike interest rates in the near term. Spot gold was steady at $1,828...

Global Market Report – 29 Jul 2021

Gold Spot Gold prices shook off initial declines to move higher after a U.S. Federal Reserve policy statement as chair Jerome Powell flagged lingering risks to the U.S. economy from the Delta coronavirus variant. Gold found support at $1,798 from a slight pullback in...

Global Market Report – 28 Jul 2021

Gold Spot Gold prices were flat, holding near the key psychological level of $1,800 per ounce, as investors await the U.S. Federal Reserve’s meeting for hints on policy tapering plans. Fed’s policy statement is due at 1800 GMT later in the day followed by a news...

Global Market Report – 27 Jul 2021

Gold Spot Gold prices were pinned below the key $1,800 per-ounce level, as investors turned cautious ahead of this week’s U.S. Federal Reserve meeting outcome for clues on when the central bank might rein in its easy monetary policies. The dollar index was steady and...

Global Market Report – 26 Jul 2021

Gold Spot Gold prices inched lower, hovering around the $1,800 per-ounce psychological level, as the U.S. dollar held firm, with investors turning their attention to the Federal Open Market Committee’s meeting this week. The dollar index held close to a 3-1/2-month...

Global Market Report – 23 Jul 2021

Gold Spot Gold price steadied as stocks and U.S. bond yields pulled back to offset a firmer dollar and restore some of bullion’s allure as a safe haven. Benchmark U.S. Treasury yields retreated after hitting a near one-week high and stocks paired initial gains as risk...