archiveWorld Gold Council

New Delhi: Gold prices in India rose 4.1 per cent in May even as global gold prices declined 1.4 per cent during the month, according to the World Gold Council's latest Gold Market Commentary report. The report noted that gold ended May at USD 4,546 per ounce globally, with prices declining in most major currencies. However, India and Turkey were among the few markets that recorded gains during the month."Gold fell 1% in May, finishing the month at US$4,546/oz, and marginally lower in most major currencies. India and Turkey saw...

Wall Street pundits and investors are schizophrenic about US assets. The dollar weakened after Moody’s cut the United States’ credit rating, citing the increasing fiscal deficit, as well as the rising interest costs on government debt.On the other hand, the S&P 500 not only recovered after US President Donald Trump’s April tariff shock, but is now less than 5 per cent off its record high in February. Nevertheless, 30-year US Treasury yields recently exceeded 5 per cent per annum, indicating investors’ nervousness about US deficits and debt sustainability.While Financial Times...