{"id":6868,"date":"2024-01-27T05:39:58","date_gmt":"2024-01-27T05:39:58","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=6868"},"modified":"2024-01-27T05:40:03","modified_gmt":"2024-01-27T05:40:03","slug":"early-gains-and-closes-lowgold-price","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/01\/27\/early-gains-and-closes-lowgold-price\/","title":{"rendered":"Early gains and closes lowGold price!"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"423\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/01\/Senco-illustrative.jpg\" alt=\"\" class=\"wp-image-6870\" style=\"border-width:3px;border-radius:5px;width:540px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/01\/Senco-illustrative.jpg 600w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/01\/Senco-illustrative-300x212.jpg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/01\/Senco-illustrative-200x141.jpg 200w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>Ravindra Rao, Head &#8211; Commodity Research at <a href=\"https:\/\/www.kotaksecurities.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kotak Securities<\/a> said, <a href=\"https:\/\/www.cmegroup.com\/company\/comex.html\" target=\"_blank\" rel=\"noreferrer noopener\">COMEX<\/a> Gold prices pared early gains and closed lower on 24 January, Wednesday, as robust economic data from US prompted investors to pare March Fed rate cut wagers, which now stands at 41% compared with almost 70% a week ago.<\/p>\n\n\n\n<p>The greenback and treasury yields pared some early losses after data showed US factory activity unexpectedly jumped to 50.3 in January 2024, the highest since October 2022 Today, all eye are on the ECB policy meeting and a slew of economic data from the US, including US Q4 GDP estimates, weekly jobless claims and durable goods orders which might provide more cues on Fed\u2019s policy path. <a href=\"https:\/\/www.kotaksecurities.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kotak Securities<\/a> Limited (KSL), are one of India\u2019s oldest stock broking company, offering full-fledged investment services across asset classes, including equity, debt, mutual funds, commodities and currencies &#8211; through a single-login platform. Our pan-India presence, technology-first approach and simplified investment solutions makes us a preferred choice for millions of investors across India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ravindra Rao, Head &#8211; Commodity Research at Kotak Securities said, COMEX Gold prices pared early gains and closed lower on 24 January, Wednesday, as robust economic data from US prompted investors to pare March Fed rate cut wagers, which now stands at 41% compared with almost 70% a week ago. The greenback and treasury yields [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Early gains and closes lowGold price! - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/01\/27\/early-gains-and-closes-lowgold-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Early gains and closes lowGold price! - JNI\" \/>\n<meta property=\"og:description\" content=\"Ravindra Rao, Head &#8211; Commodity Research at Kotak Securities said, COMEX Gold prices pared early gains and closed lower on 24 January, Wednesday, as robust economic data from US prompted investors to pare March Fed rate cut wagers, which now stands at 41% compared with almost 70% a week ago. 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