Wall Street today: US stocks crashed in the previous session due to a global selloff fueled by mounting recession fears among investors in the world’s largest economy. On Monday, more than $1.93 trillion was wiped out of the US stock market as the tech-heavy Nasdaq composite dropped over 1,000 points. […]
US Fed rate cuts
Amid fresh concerns of a looming recession in the US triggered by weaker-than-expected July payroll data, expectations have soared that the US Fed could potentially propose a significant rate cut in its next policy meeting in September. July payroll data last Friday showed the US unemployment rate jumped to near […]
Spot gold rose 0.4 per cent to $2,338.67 per ounce as the US dollar index slipped 0.3 per cent, making gold relatively less expensive for other currency holders. US gold futures were up 0.2 per cent to $2,340.40. Bullion hit a record high of $2,449.89 on Monday, but has shed […]
Gold prices have pulled back from their record highs in recent trading sessions, marking a reversal after a strong rally. Over the course of the last three sessions, the price of the yellow metal dropped from ₹74,367 per ten grams to reach a new one-week low of ₹72,111 on the […]