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Global Market Report – 07 May 2021

Gold Spot Gold prices hovered near a 2-1/2-month high, aided by a pullback in the dollar and Treasury yields as investors cautiously await U.S. non-farm payrolls data for further cues on the health of the world's biggest economy. The dollar index slipped to a one-week...

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Global Market Report – 06 May 2021

Gold Spot Gold firmed on Wednesday as the dollar and U.S. Treasury yields eased, while palladium held near record highs propped up by supply constraints. The benchmark 10-year yield backed off from earlier highs, while the dollar index eased off a two week-high,...

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Global Market Report – 05 May 2021

Gold Spot Gold prices fell from a more than two-month high on Tuesday, as a rebound in the dollar dented the metal’s safe-haven appeal, while investors speculated that a swifter than expected U.S. economic recovery might prompt an interest rate hike. Technical...

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Global Market Report – 04 May 2021

Gold Spot Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as well, driven by a retreat in the dollar and U.S. Treasury yields. Technical Resistance: 1800/1815 Technical support: 1770/1756 Market headlines: 'Reopening'...

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Global Market Report – 03 May 2021

Gold Spot Gold was down on Friday as intermittent spikes in the key yield of U.S. bonds kept it under constant pressure. The yield on the 10-year Treasury note hit a two-week high of 1.684 on Thursday as bonds started selling off again this week after a spike in U.S....

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Global Market Report – 30 Apr 2021

Gold Spot Gold fell more than 1% on Thursday as U.S. Treasury yields gained on upbeat U.S. economic data, while a supply deficit lifted palladium to a fresh record peak, setting its sights on the $3,000 mark. Technical Resistance: 1778/1787 Technical support:...

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Global Market Report – 28 Apr 2021

Gold Spot Gold held steady on Tuesday as market awaits a U.S. Federal Reserve meeting for cues on its monetary policy outlook, while a firmer dollar weighed on the metal's appeal. The dollar edged up, making gold less alluring for other currency holders, while...

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Global Market Report – 27 Apr 2021

Gold Spot Gold prices held firm on Monday, supported by a weaker dollar ahead of the U.S. Federal Reserve's meeting this week, while supply worries kept palladium near record highs hit in the previous session. Market participants are awaiting the Fed's two-day policy...

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Global Market Report – 26 Apr 2021

Gold Spot Gold ended the week uneventfully despite coming precariously close to the $1,800 level that would have been key for it to recapture last year’s highs. The gold market is being bombarded with strong economic data, the latest coming from the U.S. housing...

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