Page 4 - Gold Safe Haven

Gold price eases as dollar steals safe-haven thunder, yields rebound

Gold eased on Wednesday as the dollar emerged as the preferred safe-haven bet amid fears that the highly contagious Delta coronavirus variant may stall a global economic recovery

Maintain some allocation to gold despite 14% correction from peak

You need it to provide a hedge against a possible third wave, or correction in equities

Gold set to rise for third week on lower yields, coronavirus woes

Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant and a drop in US Treasury yields lifted the safe-haven metal's demand

Gold prices firm as US Treasury yields slide to lowest since late Feb

Gold prices gained on Monday, after posting a 6% drop last week, as a retreat in US Treasury yields bolstered the non-yielding metal's appeal

Gold rises above $1,900/oz as dollar weakens, inflation jitters persist

Gold prices rose above the key psychological level of $1,900 per ounce on Wednesday, helped by a weaker dollar and growing inflation concerns after Federal Reserve officials maintained a dovish stance

Gold prices climb to Rs 49,440 per 10 gm, silver rallies at Rs 54,850

In New Delhi, the price of 22-carat gold rose to Rs 47,900 per 10 gram

Gold prices today: Rs 48,575 per 10 gm; silver falls to Rs 48,505

In New Delhi, the price of 22-carat gold is about Rs 47,050 per 10 gram, while price of 24-carat is retailing at Rs 48,250 today

Gold ETFs attract Rs 815 cr inflows in May on investors' safe haven appeal

The category has been one of the better performing asset classes since last year

Gold rally to continue for some time, book some profit now: Experts

Massive purchases by central banks have been another driver of demand for the yellow metal

Gold reclaiming safe haven status, but high prices may dent demand in India

In India, the worsening current account deficit has raised fears of an increase in import duty of gold