Skip to main content
Skip to footer

Bullion loses safe-haven appeal amidst reduced geopolitical risks

Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment

Gold maintains safe-haven appeal despite Federal Reserve's stance on rates

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

Strong dollar and rising treasury yields impact gold's appeal

Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year

Investors eye Federal Reserve meeting minutes and inflation figures for market direction

Gold prices remained undeterred despite the robust U.S. job growth in March

Investors await consumer price index data from U.S. and China later this week

The rise in prices is fueled by geopolitical tension and supply concerns

Gold prices have reached new record highs in each session since last Thursday

While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains

Softer U.S. inflation report strengthens bullish sentiment

Globally, spot gold remained stable at $2,195.34 per ounce

Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months

Globally, spot gold stabilized at $2,179.98 per ounce

Globally, prices continued to rise above the mid-$2,150 mark

The attacks caused potential disruptions to oil capacity, estimated at 900k bpd

Copper rebounds, yet 11-month highs prove elusive

Copper retreats from 11-month highs amid growing concerns over China

Resurgence of copper rally takes center stage, PMIs come into focus

The expectation of limited supplies continued to support crude prices

Prices hold steady above $2,150

Fed, PMIs awaited for more economic cues