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Gold Price Today, 30 Aug 2022: Comex gold off 1-month low, prices on MCX to trade sideways to down intraday

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading lower in India on Tuesday, even as yellow metal gained globally. On Multi Commodity Exchange, gold October futures were down Rs 188 or 0.4 per cent to Rs 51,062 per 10 gram, as against the previous close of Rs 51,250. Silver December fell Rs 347 or 0.6 per cent to Rs 54,893 per kg. Globally, yellow metal prices inched up as the dollar eased off a 20-year high, offsetting pressure from expectations of the US Federal Reserve keeping interest rates higher for longer to combat …

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European shares end five-day losing streak, still down for the week

European stocks rose 2% on Friday, clocking gains for the first time in six days after key U.S. jobs data eased bets of a more aggressive Federal Reserve, but logged their third straight week of falls on concerns over a spike in energy prices. The pan-European STOXX 600 rose 2.0%, but clocked a weekly decline of 2%. “If wage growth continues to moderate along with prices for goods and services the Fed may find a window to ease back on the pace of hiking, an event that would surely set up a relief rally in equities,” said Peter Essele, head …

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