The outcome of the 2024 Lok Sabha elections triggered a significant downturn in the Indian stock market, with the Nifty plummeting by 8.5% and the Sensex experiencing a nearly 6% decline. However, experts suggest a different scenario for gold. “The outcome of central elections typically doesn’t have directly influence commodities […]
gold
US stock indices were mixed after opening higher on Wednesday amid hopes for an earlier-than-expected cut in interest rates by the Federal Reserve. At 12:20 p.m. ET, the Dow Jones Industrial Average was down 4.89 points, or 0.01 per cent, at 38,706.40, the S&P 500 was up 35.69 points, or […]
US stock indices gained on Monday, lifted by chip and megacap stocks. At the opening bell, the Dow Jones Industrial Average rose 23.67 points, or 0.06%, to 38,709.99. The S&P 500 was higher by 19.64 points, or 0.37%, at 5,297.15, while the Nasdaq Composite gained 130.69 points, or 0.78%, to […]
On Wall Street in the week ahead, spotlight will be on the jobs data for May, among other economic reports. The jobs data holds significance as it will be the last economic report before the Federal Reserve’s upcoming monetary policy meet on June 11-12. Investors are hoping for a interest […]
Gold prices rose marginally on Thursday as both the dollar and Treasury yields declined following optimistic U.S. economic data, fueling expectations that the Federal Reserve will likely implement interest rate cuts later this year. At 10:30 a.m. ET (1430 GMT), spot gold rose by 0.4 per cent to $2,348.36 per […]
US stocks slid on Thursday after the revised data showed the US economy grew less than previously expected in the first quarter. US gross domestic product (GDP) growth for the first quarter was lowered to 1.3 per cent from previous estimate of 1.6 per cent. At 12:04 p.m. the Dow […]
Gold prices slumped on Wednesday due to a stronger dollar, rising bond yields, and hawkish remarks from a Federal Reserve official, which dampened market sentiment ahead of the U.S. inflation data release. By 10:00 a.m. ET (1400 GMT), spot gold had decreased by 0.7 per cent to $2,345.62 per ounce, […]
US stock indices edged lower on Wednesday, as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields higher. Treasury yields rose to near four-week highs after unexpectedly strong consumer confidence data. The 10-year yield rose to 4.58 per cent from 4.54 per cent […]
The brokerage firm Motilal Oswal (MOFSL) has revised upward potential target of gold to ₹81,000, while maintaining a positive bias on the precious metal. MOFSL, in its latest report, recommended ‘buy on dips’ approach on the yellow metal with advice to accumulate near ₹69,000. Meanwhile, the brokerage firm further advised […]
By 1119 GMT, spot gold dipped by 0.3% to $2,344.20 per ounce, following a 0.7% uptick on Monday. The precious metal slipped below its 21-day moving average, currently at $2,348, yet remained poised for its fourth consecutive month of growth, boasting a 2.5 per cent increase in May. Notably, the […]