News Articles

Indian official imports hit a 21-month high and the local market premium further strengthened. . . .Mukesh Kumar

U.S. President Joe Biden is reportedly looking to include the first major tax increase since 1993 in his next spending bill. . . . Anna Golubova

The Federal Reserve sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023. . . . Jeff Cox

Poland’s central bank wants to buy at least 100 tonnes of gold -- worth some $5.5 billion at current prices. . . . Reuters

Gold is very likely to bounce because the selloff has been pretty powerful. . . . Dhwani Mehta

Gold's severe correction and weak performance in relative terms has led many to ask if the bull market is over . . . . Jordan Roy-Byrne

U.S. producer prices increased strongly in February, leading to the largest annual gain in nearly 2-1/2 years, but considerable slack in the labor market could make it harder for businesses to pass on the higher costs to consumers . . . . Reuters

Spot silver prices (XAG/USD) have seen upside in recent trade, rallying from around the $25.75 area to current levels around the $26.00 level in wake of a softer than expected US Consumer Price Inflation report for the month of February . . . . Joel Frank

Gold was up on Thursday morning in Asia, hitting a one-week peak as investors digested further progress on a massive U.S. stimulus package and U.S. inflation data that fell below expectations . . . . Gina Lee

Indian gold buyers sidelined for most of the past year due to surging costs are now snapping up bullion as a drop in prices unleashes pent up demand . . . . Swansy Afonso and Shruti Srivastava, Bloomberg News