Gold prices surged over 1 per cent on Thursday, surpassing the $2,400 per ounce mark, following data revealing a surprise decline in U.S. consumer prices last month. This development heightened expectations for interest rate cuts by the Federal Reserve. Spot gold climbed 1.5 per cent to $2,406.99 per ounce by […]
us dollar
The US dollar’s first weekly loss in more than a month is probably a temporary setback, according to currency strategists, as political and inflation risks come back into focus. The Bloomberg Dollar Spot Index extended a decline on Friday, pulling further away from last week’s year-to-date high, amid weakness in […]
Emerging-market stocks rose for the first time in three days as optimism grew over the corporate-earnings outlook and as the US dollar halted a rally. The MSCI gauge for developing-world stocks traded 0.2% higher as of 9:40 a.m. London time, with semiconductor companies contributing most to the gains. The average […]
Brent futures rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29 from where it closed on Thursday. That put Brent on track for its highest close since April 30 for a second day in […]
Asian markets traded higher, while the US stock market saw a record rally overnight led by gains in technology stocks on Artificial Intelligence (AI) boost. On Friday, the Indian stock market benchmark indices ended higher, with the Nifty 50 hitting record high during the session. The Sensex rose 181.87 points, […]
The foreign exchange reserves, or forex reserves, of India dropped more than USD 2 billion to USD 646.673 billion in the week ended on May 24, according to data released by the Reserve Bank of India (RBI) on Friday. In the prior week, the forex reserves had increased by USD […]
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, […]
Crude oil prices rose by more than $1 per barrel on Tuesday, May 28, on the expectations that the Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain the current crude supply curbs, while a weaker US dollar made the commodity more attractive to holders of other currencies. […]