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September 11, 2024 New Delhi, India Gold Prices Gold (XAU/USD) extended its upward move for the third consecutive day on Wednesday, rising from the $2,485 region to reach a fresh weekly high during the early European session. The precious metal is currently hovering around the $2,525-$2,526 supply zone, with bulls looking to build on this…
September 9, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) are under selling pressure for the second consecutive day, staying below the $2,500 psychological mark during early European trading on Monday. The recent mixed US jobs report has reduced the probability of a larger 50 basis point rate cut by the Federal Reserve (Fed),…
September 5, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) weakened during Thursday’s early European session, pressured by a sell-off in Indian equities tracking negative global cues. Despite a weaker US Dollar (USD), the INR is edging closer to all-time lows. Key Highlights: Equity Sell-Off Pressures INR: A significant sell-off in domestic equities,…
September 4, 2024 New Delhi, India Gold prices Gold prices continued to slide on Wednesday, with XAU/USD trading in the $2,490s as market sentiment remained negative. This downturn followed a global sell-off triggered by disappointing US manufacturing data and concerns over the potential bursting of the Artificial Intelligence (AI) tech bubble. Key Highlights: Market Performance:…
September 3, 2024 New Delhi, India Stock Market Today Indian benchmark indices BSE Sensex and Nifty 50 saw marginal movements on Tuesday, maintaining their positions near record highs from the previous session. The Nifty 50 surged by 4.7% in the last 13 trading sessions, marking its longest rally ever. Market Performance: NSE Nifty 50: Closed…
September 2, 2024 New Delhi, India Gold Prices Gold (XAU/USD) continues to trade in a narrow range above $2,500 on Monday, despite mixed market signals. Asian stocks declined due to concerns over China’s economic growth, following the release of mixed Manufacturing Purchasing Managers Index (PMI) data. While China’s official NBS Manufacturing PMI fell further into…
August 30, 2024 New Delhi, India WTI Oil Prices West Texas Intermediate (WTI) Oil prices continue to rise, trading around $75.50 per barrel during Friday’s Asian session, driven by growing supply concerns in the Middle East. Key factors behind this increase include Libya’s halted Oil exports and Iraq’s plans to cut Oil production starting next…
August 29, 2024 New Delhi, India Stock Market Today On Thursday, Indian benchmark indices rebounded strongly, with the BSE Sensex and NSE Nifty 50 reaching record highs. The Sensex closed at 82,135 points, marking a gain of 349 points or 0.43%. The Nifty 50 ended at 25,152, up by 100 points or 0.40%. Top Gainers…
August 29, 2024 New Delhi, India Gold prices Gold prices (XAU/USD) rebounded above $2,500 per troy ounce in Thursday’s early European session, recovering from weekly lows. The metal’s rise is supported by increasing expectations of Federal Reserve rate cuts, which reduce the opportunity cost of holding non-yielding gold, and ongoing geopolitical tensions in the Middle…
August 27, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) traded on a weaker note during Tuesday’s early European session. The local currency faced pressure from month-end demand for the US Dollar (USD) by local banks and corporations, as well as a surge in crude oil prices, which typically weigh on the INR….
