Gold Price Today: Gold prices dip by Rs 1,200/10 gm in 1 week, silver down by Rs 3,800/kg
Gold December futures contracts at MCX opened flat today at Rs 75,063 per 10 gram, which is up by 0.17% or Rs 129 while silver December futures contracts were trading at Rs 89,157/kg, up by 0.32% or Rs 285. Gold prices have been witnessing some profit booking in the last few sessions. In the last…
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Fed meet, FII action among 10 factors that will steer D-Street this week
The Nifty Index ended the week with a 2% gain, reaching a record high of 25,433, driven by strong performances in the IT and FMCG sectors. When markets resume trading on Monday, a series of important domestic and global events scheduled for the week are likely to impact them. On Friday, the Nifty Index closed…
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World braces for Fed easing amid 36-hour rate rollercoaster
The world economyβs tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary rollercoaster will start with the Federal Reserveβs probable decision to cut interest rates on Wednesday, and finish on Friday with the outcome…
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Asian stocks shaky ahead of US presidential debate; oil at 3-year lows
Asian stocks wobbled on Wednesday as investors gear up for U.S. inflation data and an eagerly awaited U.S. presidential debate, while oil prices loitered around three-year lows on concerns over a weak demand outlook. Democratic Vice President Kamala Harris and Republican presidential candidate Donald Trump will meet in their first and perhaps only debate, a…
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Dow jumps over 400 points as Fed’s Powell hints at rate cut
Stock markets jumped on Friday after US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates as inflation is cooling. The Dow was up 476 points or 1.17 percent following the speech while the broad-based S&P 500 gained more than one percent and the Nasdaq bounced by…
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If Fed starts cutting rates from September, will it have a multiplier effect on stock markets?
Notwithstanding the 17% surge seen in Sensex and Nifty so far in the calendar year, Fed’s expected rate cut in September can still have a multiplier effect on the stock market. The Fed move of holding rates steady on Wednesday night and strong hints of a first cut in September unleashed animal spirits in global…
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We see the Budget as being neutral for the Rupee: Abhishek Goenka
The US economic surprises are now the most negative since 2015. Month-on-month CPI print at -0.1% is the lowest in four years. Fed members have been reiterating that they want to be more confident about inflation reaching the 2% target and the latest June inflation print should help in that regard. Deceleration in sequential core…
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