Gold heads for weekly decline
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Bitcoin (CRYPTO: BTC) critic and economist Peter Schiff issued warnings on Friday about America’s mounting debt crisis, linking current fiscal challenges to the 1971 decision that ended the gold standard.
With the dollar falling, gold is gaining attention—learn if now’s the right time to invest and how it could protect your portfolio.
Gold futures settled Thursday at a two-week low, contributing to a more than 3% loss so far this week, as the biggest monthly [increase in the producer-price index in three years](
Gold rose on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild U.S. inflation data cemented expectations for a Federal Reserve rate cut in September and nudged up bets on additional easing later this year.
Has the remarkable price uptick finally run out of steam, or is this just a breather before the next big move?
Gold futures prices rose on Friday as the dollar weakened, as markets assess US economic data that reduced the likelihood of a 50-basis-point interest
Central bank gold reserves are hitting levels last seen in the Bretton Woods era, which ended in 1971. According to the FT, they reached 36,000 tonnes in 2024, a figure not too far short of its ...
Explore how a strong dollar and robust economic data impact gold prices. Click for my look at the latest GDP figures and other economic news affecting markets.
South Africa's rand firmed against a weaker dollar on Friday, helped by higher gold prices as worries over the United States' fiscal health sent investors into the safe-haven asset.
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ABP News on MSNChennai Gold Rates Dip Slightly As Rupee-Dollar Dynamics Shift
The city recorded 22-karat gold at Rs 9,280 per gram and 24-karat (999 purity) at Rs 10,124 per gram, marking a modest fall from earlier levels.