Gold steadies near all-time high on Trump tariff concerns

Gold steadies near all-time high on Trump tariff concerns

Gold prices hovered near a record high on Tuesday, supported by safe-haven demand amid concerns over U.S. President Donald Trump’s tariff plans which could fuel inflation and escalate a global trade war. FUNDAMENTALS * Spot gold was little changed at $2,949.46 an ounce as of 0105 GMT, about $7 shy of the all-time high of … Read more

US equity funds hit by outflows on rising yields, rates uncertainty

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more

Gold, silver price on 13 May 2024: Yellow metal and silver retreat as investors book profits amid uncertainty

Gold, silver price on 13 May 2024: Yellow metal and silver retreat as investors book profits amid uncertainty

Gold prices on the MCX hovered at Rs 72,363 per 10 grams on Thursday, hitting an intraday low of Rs 72,281. In the international market, prices maintained a similar trend, hovering around $2,353.18 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 84,598 per kg and … Read more

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as $1, or 1.1% to … Read more