Connect with us

International News

Gold  rises on  Trump announcement of imposing tariffs on Mexico , Canada

Published

on

Gold rose after US President Donald Trump announced he would likely impose tariffs on Mexico and Canada early next month, even as he held off from immediately hitting China with import levies.

Bullion added to a modest gain on Monday to trade near $2,725 an ounce — on course for the highest close since early November — as traders weighed the potential implications of US tariffs of as much as 25% against its neighbors. If enacted, the move threatens to spark a trade war.

Gold prices surged to over a two-month high on Tuesday as the U.S. dollar weakened, while the yellow metal was also supported as investors flocked towards it amid uncertainty surrounding Donald Trump’s trade policies.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

International News

Global Bullion Markets Experience Downturn As US Fed Keeps Interest Rates Unchanged

Market Analysts Anticipate Continued Volatility In Precious Metals As Traders Digest The Fed’s Stance On Monetary Policy and Its Implications For Future Rate Trajectories

Published

on

Global bullion markets experienced a downturn on Thursday as spot gold and silver prices each fell by nearly 1% following the U.S. Federal Reserve’s overnight decision to keep key interest rates unchanged. Domestic gold and silver prices in India are expected to reflect this global weakness throughout today’s trading session.

ParameterDetails
Gold (MCX) Futures~₹1,43,600.00 – ₹1,43,724.00 per 10 grams
Silver (MCX) Futures~₹1,94,450.00 per kg
Key Contract BenchmarkDecember 2026 Gold Futures are hovering near ₹1,42,324 – ₹1,43,700 levels.
Spot GoldDown ~1%, struggling around $4,044/oz.
Spot SilverDown ~1%, trading below $53.50/oz.
U.S. Fed Policy RateUnchanged at 3.75% – 4.00%.

In international markets, spot gold tumbled nearly 1% to trade near $4,044 per ounce, while spot silver dropped 1% to fall below $53.50 per ounce.

The market reaction follows the latest Federal Open Market Committee (FOMC) meeting, where policymakers voted to maintain the target range for the federal funds rate at 3.75% to 4.00% (3-3/4 to 4 percent).

In an official statement, the FOMC reaffirmed its commitment to supporting its dual mandate of maximum employment and price stability while continuing its policy of maintaining ample reserves within the banking system.

​Market analysts anticipate continued volatility in precious metals as traders digest the Fed’s stance on monetary policy and its implications for future rate trajectories.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x