On Thursday, 11 April, gold prices surged as softer-than-expected US producer prices data fueled optimism for potential interest rate cuts this year, while ongoing geopolitical uncertainties continued to bolster the appeal of the yellow metal. Spot gold witnessed a 0.3 per cent increase, reaching USD 2,340.69 per ounce, while US gold futures climbed 0.4 per […]
In the early trade on Monday, the price of 24-carat gold saw a decline of Rs 10, with ten grams selling at Rs 62,940, as reported by the GoodReturns website. Simultaneously, the price of silver experienced a Rs 100 decrease, with one kilogram selling at Rs 74,400. The price of 22-carat gold also witnessed a […]
The Indian rupee ended slightly stronger on Thursday, aided by dollar inflows, even as most of its Asian peers were on the back foot as investors moderated their expectations of early US rate cuts this year. The rupee ended at 83.23 against the US dollar, higher by 0.05 per cent compared with its close at […]
The price of 24-carat gold saw a modest increase of Rs 110, reaching Rs 63,000 for ten grams, according to reports from the GoodReturns website. Meanwhile, the cost of silver also witnessed an uptick, climbing by Rs 1,000, with one kilogram now selling at Rs 78,500. For 22-carat gold, the rise was Rs 100, setting […]
Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank’s latest meeting for further policy cues. Spot gold climbed 0.5 per cent to USD 1,987.79 per ounce, as of 12:15 GMT, […]
The US economy continues to display resilience with robust growth throughout the year. The third quarter of 2023, in particular, exceeded expectations with GDP expanding at a strong 4.9 per cent seasonally adjusted annual rate, marking the highest quarterly gain since the fourth quarter of 2021. According to a JP Morgan report, this growth was […]
Investors are focusing on a tighter supply outlook as oil prices rose on Monday. This comes after Moscow issued a temporary ban on fuel exports while remaining cautious about further rate hikes that could dampen demand. Brent crude futures increased by 0.5 per cent, or 48 cents, to USD 93.75 a barrel by 0110 GMT […]
The Indian rupee rose on Monday, but higher near-maturity US Treasury yields were expected to limit the upside for the currency. The rupee was at 82.61 against the US dollar by 10:35 a.m. IST, compared with 82.6475 in the previous session. The domestic currency reached an intraday high of 82.5325. The two-year US Treasury yield […]
US Federal Reserve Governor Michelle W Bowman has said an additional interest rate increase will likely be needed to get inflation on a path down to its 2 per cent target. The US central bank in its July meeting raised its benchmark interest rate by 25 basis points, the highest in the past 22 years […]
