In a year marked by volatile data, shutdown-delayed indicators, and doubts surrounding America’s tech giants, Indian equities have held their ground with remarkable composure. Despite the Dow Jones being around 9% up year to date, domestic benchmarks have repeatedly tested the 26,000 mark, wavering just shy of fresh highs. The broader question, however, lingers: Is…
Gold fell for a fourth straight session on Tuesday, weighed down by a firm dollar and diminished prospects of a U.S. interest rate cut next month. FUNDAMENTALS * Spot gold was down 0.1% at $4,038.43 per ounce, as of 0104 GMT. U.S. gold futures for December delivery fell 0.9% to $4,037.50 per ounce. * The…
Gold and silver prices fell in early trade on Monday, November 17, as investors booked profits following a sharp global rally this year and hawkish comments from the U.S. Federal Reserve officials, which tempered expectations of a December rate cut. On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 420…
Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut. Spot gold fell 1.9% to $4,092.72 per ounce, as of 02:33 p.m. ET (1933 GMT), after falling over 3% earlier in the session. However, bullion is up…
Gold prices edged up on Friday and were on track for a weekly gain, supported by a weaker dollar, although gains were kept in check as hawkish comments from the U.S. Federal Reserve officials doused hopes for an interest rate cut in December. FUNDAMENTALS Spot gold was up 0.2% at $4,180.57 per ounce, as of…
Indian gold prices have bounced back sharply in recent days, tracking gains in global bullion markets amid rising optimism over a potential resolution to the US government shutdown. In just 10 days, domestic gold prices have surged nearly 7% or by Rs 8,200 from their recent low of Rs 1,17,628 per 10 grams (recorded on…