Wall Street today: Wall Street losses deepened on Friday, August 2, with a sharp drop in US equities and US Treasury yields at multi-month lows after a weak jobs report fueled worries the US Federal Reserve has been too slow to cut key the interest rates, risking a more pronounced […]
gold prices
Gold prices witnessed their best monthly performance since March on Wednesday, driven by geopolitical concerns and expectations of an interest rate cut in September, with attention turning to the U.S. Federal Reserve’s upcoming policy decision. As of 1341 GMT, spot gold rose 0.7% to $2,424.29 per ounce, marking a gain […]
Gold prices rose one per cent on Friday, July 26, supported by lower US Treasury yields amid growing optimism for an interest rate cut by the US Federal Reserve in September after official data showed US prices rose modestly in June. Spot gold was up about one per cent to […]
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at ₹68,801 per 10 grams, while MCX […]
Gold prices dropped over 2% on Friday as the dollar strengthened and investors took profits following bullion’s record high earlier in the week, driven by increasing expectations of U.S. interest rate cuts in September. By 1422 GMT, spot gold had decreased 1.8% to $2,401.49 per ounce. Earlier, on Wednesday, gold […]
Gold prices in India have escalated significantly, hitting record levels, which is expected to support further growth for gold NBFCs such as Muthoot Finance and Manappuram Finance, according to foreign brokerage firm Jefferies. Jefferies has initiated coverage on Muthoot Finance and Manappuram Finance with a ‘Buy’ rating. It has Muthoot […]
Gold prices continued to climb to a new all-time high on Wednesday, driven by increasing optimism for an interest rate cut by the U.S. Federal Reserve in September and a weaker dollar boosting demand. As of 1402 GMT, spot gold rose 0.5 per cent to $2,480.75 per ounce, after reaching […]
US Market News: Tuesday’s record-breaking closing high for the Dow Jones Industrial Average and Wall Street stocks came from data supporting the belief that the US Federal Reserve is about to embark on its easing cycle, which will control inflation and prevent a recession, as per Reuters news report. In […]
Gold prices surged over 1 per cent to a record high on Tuesday as investors turned to the safe-haven asset following comments from Federal Reserve officials that solidified expectations for a U.S. interest rate cut in September. By 11:01 a.m. ET (1501 GMT), spot gold increased by 1.3 per cent […]
Gold Prices Today: The yellow metal held above the key $2,400 per ounce pivot on Friday, July 12, and were headed for their third straight weekly gain, as investors grew confident that the US federal Reserve was on track to lower interest rates soon after the latest consumer price-based inflation […]