Spot gold was steady at $2,395.61 per ounce
Spot gold was steady at $2,395.61 per ounce
Gold hit all-time high of $2,483.60/oz last week
Earnings season to test lofty tech valuations
S&P 500’s technology sector has dropped nearly 6% in just over a week
Globally, spot gold prices fell to $2,406 per ounce on Friday, down 1.46 per cent, due to profit-taking after a strong rally in the past few weeks
Analysts expect the prices will recover in the coming weeks and months on Fed rate cut expectations and global uncertainties
The country's debt capital market outstanding is expected to cross $300 billion in the second half
The rally in gold prices has been mainly driven by the expectations of the US Federal Reserve cutting interest rates in September after the latest inflation data
Jewellery is a value-appreciating gift, making it a popular purchase for residents travelling back to their home countries
Globally, spot gold was trading at $2,461.9 per ounce at 8pm