New York: US stocks fell Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 was 1.2% lower in a wipeout where nine out of 10 stocks in the index fell. The Dow Jones Industrial Average was down 514 points, or … Read more
Gold bulls unleashed on Wednesday, hitting yet another lifetime high of Rs 71,505 per 10 gram in the opening trade. Silver too joined the party with strong gains after ending the previous session with a fresh all-time high of Rs 83,038. Around 9:20 am today, the MCX June gold futures were trading at Rs 71,474, … Read more
Gold and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs … Read more
WASHINGTON – Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners – pretty much everyone – began obsessing over a single question: When will the Fed start cutting rates? But now, with the U.S. economy showing surprising vigor, a different … Read more
NEW YORK: U.S. stocks finished higher on Friday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates. All major S&P 500 sectors advanced, with communication services, industrials and technology the top gainers. U.S. Labor Department data showed employers hired … Read more
Mumbai: The Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the seventh straight review meeting citing an uncertain food prices trajectory and the elbow room provided by robust economic growth, thus pushing back the start of a much-anticipated rate easing cycle while extending a status quo to at … Read more
NEW YORK: The three major U.S. stock indexes fell more than 1% each and the S&P 500 had its biggest daily percentage drop since Feb. 13 on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday’s U.S. monthly jobs report. Investors … Read more
Notwithstanding a firmer dollar index (DXY), gold prices held their ground on Tuesday in hopes of an early rate cut as softer inflation numbers in the US lifted sentiments. The domestic yellow metal prices took cues from their overseas peers and traded with a positive bias. The MCX June gold futures were trading at Rs … Read more
Gold is a unique asset that embodies characteristics of both commodities and currencies while also serving as an investment asset. Mined like any other commodity, it holds intrinsic value and is sought after during financial uncertainty and geopolitical tensions, making it a form of anti-fiat currency. Its enduring appeal as a store of value spans … Read more
Mumbai: Indian stocks rose on Thursday, tracking the strength in global markets, as the US Federal Reserve’s policymakers reaffirmed that there could be three interest rate cuts this year fuelled optimism among investors. The Nifty closed above 22,000, considered a psychologically important level, while the beaten-down mid-cap, small-cap and PSU stocks rebounded the most in … Read more
