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The global trade war continues as Trump announces a 35% tariff on Canadian goods starting August 1. Gold prices rose amid trade uncertainties, with experts recommending investments in gold and silver despite a strong US dollar limiting gains.
Gold prices continued to rise on July 11. Gold's August contracts on the Multi Commodity Exchange of India ( MCX) opened at Rs 97,252 per 10 grams today. Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on July 11:
The price of gold today, as of 9:12 am ET, was $3,326.71 per ounce. That’s up 0.44% from yesterday’s gold price of $3,312.10. Compared to last week, the price of gold is up 0.08%, and it's up ...
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VnExpress International on MSNGold bar price edges up amid global gainsVietnam gold bar price went up slightly on Friday morning as global bullion rates increased following Trump's tariff announcement.
Emkay Wealth Management reports on gold's consolidation phase amid potential US interest rate cuts and Dollar decline, impacting market dynamics.
A breakout into another upleg from the trading range without any further corrective action first is more likely to prevail.
Demand for physical gold remained sluggish this week across major Asian markets as price volatility weighed on sentiment, with premiums in China holding firm and discounts in India narrowing.
I rate ProShares Ultra Gold ETF (UGL) a hold, citing risks of leveraged ETFs and gold’s technical resistance at $3,500. Periods of high volatility and seasonality make UGL less attractive now; a breakout above $3,500 would improve the outlook.