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Gold price at record high: What’s fuelling the surge?

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Gold price at record high: What’s fuelling the surge?

Domestic gold surged to a fresh all-time high as the most active MCX near-month futures boomed to Rs 63350 per ten grams last week. Firm overseas prices, weak Indian rupee and expectations of an increase in jewelry demand and peak wedding season propelled the sentiment towards the metal. The Indian trade body is expecting business … Read more

Weak fundamentals continue to put downside pressure on crude oil prices

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Weak fundamentals continue to put downside pressure on crude oil prices

Global oil prices have held relatively steady since November last year. Despite several geopolitical factors affecting its fundamentals, it has been congested inside $83-70 per barrel throughout this period. Amid fears of a global supply glut, the G7-led price cap on Russian oil and Moscow’s plan for a drastic production cut had little impact on … Read more