Gold and silver prices traded lower in the international markets on Thursday as a recovery in the US dollar and Treasury yields weighed on investor sentiment following stronger-than-expected US jobs data. The weakness in bullion prices was mirrored in the domestic market, with MCX gold and silver futures also trading lower. Robust US labor market…
Gold and silver prices on the Multi Commodity Exchange of India opened lower on Thursday, following weakness in international bullion prices amid a strong US dollar. MCX gold rate today for April contracts expiry opened 0.47% lower at ₹1,58,000 per 10 grams level as against its previous close of ₹1,58,755 level. It touched a low…
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat on Thursday, following mixed global market cues. Asian markets traded higher, with Japan’s Nikkei hitting record high, while the US stock market ended lower on strong jobs data overnight. On Wednesday, the Indian stock market ended the choppy session on…
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday amid mixed global market cues. Asian markets traded higher, while the US stock market ended mixed overnight, with the Dow Jones posting its third consecutive record close. On Tuesday, the Indian stock market extended its rally for the…
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, following upbeat cues from global markets. Asian markets traded higher, while the US stock market rallied overnight, led by gains in technology stocks. On Monday, the Indian stock market ended higher following the announcement of a preliminary framework…
Gold prices recouped part of their recent losses during Friday’s session, as the sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment. On the economic front, weaker US labor market data reinforced expectations of a US Federal Reserve rate cut in June, supporting safe-haven demand. On the…
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, following a sell-off in global markets, and ahead of the RBI monetary policy. Asian markets traded lower, while the US stock market plunged overnight, dragged by heavy selling technology stocks. The Reserve Bank of India (RBI) will announce…
After a two-day relief rally, both silver and gold prices came under renewed selling pressure during Thursday’s session on 9 February, wiping out the recent recovery. Prices were pressured by a firm US dollar, a lack of fresh triggers, and easing geopolitical tensions, which kept safe-haven metals out of investors’ radar. Following a flat close…
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat on Thursday, following weak global market cues. Asian markets traded mixed, while the US stock market ended mostly lower overnight as selling continued in technology stocks. On Wednesday, the Indian stock market ended with minor gains, despite heavy selling in…
China’s renewed push to internationalise the yuan could mark a decisive moment in the global monetary order, according to Peter Schiff, Chief Economist and Global Strategist at Europac.com. In a wide-ranging interview with Rick Sanchez, Schiff argued that Beijing’s latest announcements — expanding currency swap agreements, promoting oil trade in yuan, and building a cross-border…
