Gold prices surged on Tuesday, supported by a weaker dollar and heightened uncertainty over U.S. President Donald Trump’s tariff policies ahead of the July 9 deadline, driving investors toward safe-haven assets. At 10:13 am, August gold futures on the Multi Commodity Exchange (MCX) were trading at Rs 96,788 per 10 grams, up Rs 713 from … Read more
New York: The reverberations from a blowout US employment number could threaten an assortment of trades predicated on falling interest rates, if stronger-than-expected growth spurs investors to radically shift views on how much the Federal Reserve will need to cut borrowing costs in the months ahead. Expectations of steep rate cuts spurred bets on everything … Read more
Palladium extended its blistering rally to an all-time high within striking distance of $3,000 on Friday on supply concerns and bets for improving demand, while gold pulled back on strong US economic data. Palladium jumped more than 3% to a record high of $2,925.14 per ounce, poised for a second straight weekly gain. Many analysts … Read more