Altın ve gümüşte yükseliş sürüyor; dolar gevşemesi ve Fed kararlarıyla yön belirleniyor

Kısaca

MCX’te 10 gram altın haziran vadeli 149.660 rupya yükseldi; 10 gram için 151.880 rupya oldu Gümüş aralık vadeli 223.888 rupya, kg başına 230.320 rupya seviyesinde Uluslararası piyasalarda spot altın 4.133 dolar/ons seviyesinde; dolar zayıflarken talep artabilir

Ana mesele

Altın ve gümüş fiyatları yükseliş eğiliminde; dolar zayıflasaydı bile hareketin sürdürülebilirliği belirsiz

Ne değişti?

Dolar gevşemesiyle altın/gümüş talebi toparlanıyor; Fed kararına dair piyasa beklentileri değiştiriyor

Beni nasıl etkiler?

Yatırımcılar için güvenli liman talebi artabilir ve altın/gümüş talebi ile portföy dengeleri etkilenebilir

Ne oldu?

Doların 18 ayın zirvesinden geri çekilmesiyle emtia talebi güçlendi

Neden şimdi?

ABD Merkez Bankası toplantı tutanakları Fed’in bir sonraki kararına dair ipuçları veriyor

Neden önemli?

Emtia fiyatları enflasyon ve yatırım maliyeti üzerinde belirleyici olabilir

Kimler etkileniyor?

• yatırımcılar
• emtia şirketleri
• perakende yatırımcılar
• kurumsal yatırım fonları

Sektör ve piyasa etkisi

Emtia fiyatlarındaki yükseliş yatırım portföylerinde çeşitlendirme etkisi yaratabilir

Riskler

• Fed’in sonraki adımları piyasa beklentilerini değiştirebilir
• yüksek getirili varlıklar tercih edilebilir
• dolar heading güçlenirse talep zayıflayabilir

Takip edilmesi gerekenler

• Fed mesajları ve olası faiz artış ihtimali
• Dolar hareketlerindeki değişim
• spot altın ve gümüş fiyatlarındaki ani varyasyonlar

Haberin tamamı

Gold and silver prices rose on the Multi Commodity Exchange (MCX) on Thursday as dollar eased from an 18-month peak, while traders weighed the possibility of another rate hike by the US Federal Reserve after the release of the American central bank’s policy meeting minutes.In the domestic market, MCX gold futures with December expiry gained Rs 557 to rise to Rs 1,49,660 per 10 grams.

The gold futures with February 2027 expiry, meanwhile, increased by Rs 705 to Rs 1,51,880 per 10 grams.Silver futures on the commodity exchange with December expiry gained Rs 327 to Rs 2,23,888 per kilogram. The contracts with March 2027 expiry gained Rs 520 to Rs 2,30,320 per kg.Gold prices rose in the international market as well, helping the precious metal recover from a two-month low. Spot gold gained 0.5% to rise to $4,133 per ounce in the early trading hours.

This comes a day after bullion prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed on the market. US gold futures with December expiry gained 0.4% to $4,158.

Today’s drop in dollar boosted demand for the American greenback-priced gold, which becomes cheaper for buyers using other currencies.Also read | Bitcoin vs gold: Why Cathie Wood feels cryptocurrency's 'turn is in' against the precious metalFed policymakers were divided last month over the rationale behind raising interest rates, with some participants seeing a hike as necessary to keep the impact of energy and other price shocks at bay, but a more hawkish core viewing it as necessary to guard against emerging demand-driven inflation, minutes showed.While traders see only an 18% chance of a rate hike later this month, they are pricing in an 80% chance of an increase in December, according to CME's FedWatch tool.

Higher rates lower the appeal of non-yielding gold.What lies ahead for gold prices?Elevated yields are weighing on bullion investment demand, with institutional investors likely to prefer yield-bearing bonds for liquidity allocation over non-yielding assets, said Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities.

He noted that continued dollar strength and higher yields could keep pressure on prices, with the range between Rs 1,48,000 and Rs 1,50,000 going ahead.Gold rates in physical marketsGold Price today in DelhiStandard gold (22 carat) prices in Delhi stand at Rs 1,37,240 per 10 grams while pure gold (24 carat) prices stand at Rs 1,49,690 per 10 grams.Gold Price today in MumbaiStandard gold (22 carat) prices in Mumbai stand at Rs 1,37,090 per 10 grams while pure gold (24 carat) prices stand at Rs 1,49,560 per 10 grams.Gold Price today in ChennaiStandard gold (22 carat) prices in Chennai stand at Rs 1,37,110 per 10 grams while pure gold (24 carat) prices stand at Rs 1,49,580 per 10 grams.Gold Price today in HyderabadStandard gold (22 carat) prices in Hyderabad stand at Rs 1,37,090 per 10 grams while pure gold (24 carat) prices stand at Rs 1,49,560 per 10 grams.Also read | Gold edges higher after hitting a two-month lowDisclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser.

Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Kaynaklar

• Economic Times - Markets