Peter McGuire, Commodity Expert, says the LME has run up a bit in the past few weeks. Actually, the market hasn’t fully absorbed the Trump threat and there’s still uncertainty about future prices. The core factors will be demand and supply, along with any potential disruptions, which the futures market will influence. McGuire is eager … Read more
On February 15, spot gold was highly volatile and choppy amid weak US data and traders reassessing the impacts of the US President Trump’s tariff policies. The yellow metal came close to it’s all-time high level of $2943; however, it slumped as traders opted to book profits. The yellow metal traded between $2854 (February 10) … Read more
Spot gold fell for six consecutive days before rising on October 10. The metal extended its rebound on October 11. The yellow metal, taking support at $2600, recovered sharply on stagflationary US data that showed higher inflation and deterioration in job market and consumer sentiments. Spot gold closed with a gain of nearly 1% at … Read more
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
The US dollar index is a measure of the US dollar relative to a basket of foreign currencies. It was established by the US Federal Reserve in 1973 with a base of 100 after the Bretton Woods Agreement collapsed. The six currencies which are included in the US dollar index are America’s major trading partners. … Read more
New Delhi: Riding high on the back of buying by FIIs, healthy monsoon and better than expected earnings season, Sensex has rallied over 2,800 points in just four days to scale 58,000. Analysts believe that if the US dollar index continues to slide against major currencies, the bounce back in Indian equities may last longer. … Read more
NEW DELHI: The rupee on Wednesday fell to an all-time low of 78.86 against the US dollar at the open. A few analysts said it is a matter of time till it touches the 79 mark. The partially convertible rupee was trading at 78.94/95 per dollar. The currency closed at 78.77 on Tuesday. “As equity … Read more