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Gold price waits for Prices of clues from Jackson Hole

collected by :Irax John

Himalayan News ServiceKathmandu, August 26The price of gold inched up while that of silver remained steady in the week between August 20 and 25.
In the international market, gold price saw some fluctuations towards the mid-week amid concerns over President Donald Trump’s threats to shut down the US government and withdraw from North American Free Trade Agreement (NAFTA).
Compared to its price on Sunday, gold price rose by Rs 100 a tola at the end of the week, but compared to its trading rate of Rs 55,500 per tola last Friday, bullion price dipped by Rs 100 a tola.
FeNeGoSiDA had fixed silver price at Rs 750 per tola on Sunday and its price was unchanged the next day.
Compared to the closing of the previous week, however, silver price dipped by five rupees a tola.

As it stated in

Gold price waits for rates clues from Jackson Hole

The gold price is trading in a tight range but is within touching distance of recent highs, as attention turns to the meeting of central bankers at Jackson Hole, which begins today.
“The big upward push for the gold price which we are not seeing is because of the possibility of some unexpected hawkish comments by Janet Yellen during her upcoming speech.”
Gold price benefits from ‘haven buying’ amid Trump and terror concerns18 AugustThe gold price gained for a third consecutive session overnight and was trading up again in London this morning as markets reacted to the terrorist attacks in Spain and mounting political turmoil in the US.
Gold price rebounds after Fed minutes reveal split17 AugustThe gold price rallied following two days of disappointing trading in New York yesterday evening after the minutes of the latest Federal Reserve meeting were published.
Gold price hits six-week high on Fed’s dovish note27 JulyThe gold price hit a six-week high today after making strong gains overnight in the wake of the latest Federal Reserve policy statement.
Gold price

As it stated in

 

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