Technical posture for gold remains bullish – analyst India slashes import tax on gold, silver Focus on US PCE data on Friday July 23 – Gold prices edged up on Tuesday and were set to break a four-day losing streak, as investors awaited U.S. economic data due later this week […]
Federal Reserve
US stock indices edged higher on Monday as investors assessed Donald Trump’s odds of winning the US election after President Joe Biden withdrew from the presidential race and endorsed Kamala Harris’s candidature At 11:44 a.m. ET, the Dow Jones Industrial Average was down 0.95 points at 40,286.58, the S&P 500 […]
The Nasdaq and the S&P 500 rebounded on Thursday, as megacap and chip stocks regained ground. At 9:39 a.m. ET, the Dow Jones Industrial Average was up 13.09 points, or 0.03 per cent, at 41,211.17, the S&P 500 was up 18.07 points, or 0.32 per cent, at 5,606.34, and the […]
Wall Street: S&P 500 and Nasdaq declined on Wednesday, with major chip and tech stocks leading the fall on worries about trade sanctions on companies giving China access to advanced semiconductor technology. A report by news agency Bloomberg said President Joe Biden is considering the most severe trade restrictions available […]
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 […]
US stocks edged higher on Tuesday after strong retail sales data and on hopes for a interest rate cut by the Federal Reserve in September. At the opening bell, the Dow Jones Industrial Average rose 52.06 points, or 0.13%, to 40,263.78. The S&P 500 was higher by 12.87 points, or […]
US stock indices gained on Monday on increased bets over presidential candidate Donald Trump winning a second term after he survived an assassination attempt. At the opening bell, the Dow Jones Industrial Average rose 137.50 points, or 0.34%, to 40,138.40. The S&P 500 was higher by 22.81 points, or 0.41%, […]
Next Week, Wall Street will see two key economic reports on industrial production and retail sales, and second quarter results of several major companies such as streaming giant Netflix, Goldman Sachs, Bank of America, Abbott Laboratories, and Johnson & Johnson. After Federal Reserve Chairman Jerome Powell’s testimony to the US […]
European Central Bank officials may be about to prime investors for another interest-rate cut, though only after one of the Governing Council’s longest-ever summer breaks between decisions. With a move on Thursday effectively ruled out as policymakers take time to assess the strength of lingering inflation pressures, traders are likely […]