Gold climbed over 1% on Wednesday after the U.S. Federal Reserve indicated they expect to reduce interest rates by three quarters of a percentage point by end-2024, sending the dollar and Treasury yields lower. Spot gold rose 1.2% to $2,183.02 per ounce by 15:23 p.m. EDT (1923 GMT). U.S. gold futures settled 0.1% higher at … Read more
Stock market this week: Indian frontline indices S&P BSE Sensex and Nifty50 ended with half a percentage points cuts on weekly basis amid profit booking at higher levels. When markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact … Read more
A buoyant dollar pushed the yen to a 10-month trough on Thursday and kept the euro and sterling pinned near three-month lows, as investors placed their faith in a still-resilient U.S. economy even amid a dour global growth outlook. The greenback scaled a fresh top of 147.865 yen in early Asia trade, its highest since … Read more
MUMBAI: The rupee appreciated by 9 paise to 82.61 against the US dollar in early trade on Friday, tracking cues from positive domestic equity markets on the back of robust macroeconomic data. However, outflow of foreign funds and crude prices hovering around $87 per barrel weighed on the domestic unit, according to forex traders.As per … Read more