Wall Street: US stocks rose on Monday, following last week’s gains, with investors awaiting inflation data this week. The inflation data – Consumer Price Index (CPI) – is due on Wednesday. On the same day, the US retail sales data will also be released. Both, inflation and retail sales data have […]
gold
Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail […]
Gold rate in India ended flat on Friday, while the international gold prices witnessed their best week in five led by weaker US jobs data this week that reinforced hopes for interest rate cut by the US Federal Reserve. On Friday, MCX gold price ended 0.01% lower at ₹72,722 per […]
Gold prices surged on Friday, marking their most substantial weekly gain since early April, driven by pessimism surrounding the weak U.S. employment data, which bolstered expectations of interest rate cuts by the Federal Reserve in the coming months. Spot gold saw an impressive 1.1% increase, reaching $2,372.46 per ounce by […]
He advised buying gold as long as prices maintain above ₹68,500 per 10gms, targeting an initial upside of ₹74,000 per 10gms, followed by ₹78,000 per 10gms levels. Conversely, a decisive break below the previous swing low of ₹65,200 per 10gms could disrupt the trend, potentially leading gold to retest the […]
Gold prices on Wednesday saw a slight decline thanks to a strong dollar exerting pressure on prices. Investors remained cautious, awaiting US data to glean insights into potential rate cuts by the Federal Reserve. At 1335 GMT, spot gold experienced a slight decline of 0.19 per cent, reaching $2,309.29 per […]
US stock indices edged lower on Wednesday as Treasury yields rebounded on worries about the Federal Reserve’s monetary easing plans. At 09:38 a.m. ET, the Dow Jones Industrial Average fell 7.11 points, or 0.02 per cent, to 38,877.15, the S&P 500 lost 16.17 points, or 0.31 per cent, to 5,171.53 and […]
MUMBAI : When the West Asia conflict flared up and boosted gold prices, it was time for some of India’s gold bond investors to cash out. Buyers of sovereign gold bonds (SGBs) have prematurely redeemed 1.25 tonnes, clocking a near-doubling of returns on their issue price, Reserve Bank of India […]
Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments. Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% […]
US stock indices advanced on Tuesday, buoyed by expectations that the Federal Reserve will ease monetary policy this year. At 09:46 a.m. ET, the Dow Jones Industrial Average rose 60.27 points, or 0.16 per cent, to 38,912.54, the S&P 500 gained 8.89 points, or 0.17 per cent, to 5,189.63 and […]