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Gold price outlook: Gold Futures on India’s Multi Commodity Exchange (MCX) closed 0.59 per cent or ₹568 lower on Friday, 30 May 2025, amid tepid demand for safe-haven assets and a rising US dollar backed by US economic data. MCX Gold’s June contract closed 0.59 per cent lower at ₹95,891 per 10 grams after Friday’s…
OPEC+ agreed to hike July oil output by 411,000 barrels per day (bpd) on Saturday, the same as in May and June, after the group of oil-producing countries looks to grab back market share and punish over-producing members. According to Reuters, eight OPEC+ members of the group are unwinding 2.2 million bpd in voluntary curbs…
The Indian equity markets have delivered an impressive rally since April 7th, with the broader market posting a return of 13.3% over the past one and a half months. The uptrend was initially driven by the U.S. pausing retaliatory tariffs and further supported by a ceasefire agreement that eased tensions between India and Pakistan.FIIs cautiously…
Gold price outlook: Gold Futures on India’s Multi Commodity Exchange (MCX) closed 0.02 per cent or ₹21 lower on Friday, 23 May 2025, after a rally fueled by the renewed trade tensions in the global economy over US President Donald Trump’s stance with the European Union tariffs. Gold Futures for the June 2025 contract closed…
Gold price outlook: Gold Futures on India’s Multi Commodity Exchange (MCX) closed 0.74 per cent or ₹689 per 10 grams lower on Friday, 16 May, 2025, as investors’ demand falls for the safe haven gold over the trade agreement between the United States and China. Gold futures fell 0.74 per cent to ₹92,480 per 10…
Moody’s downgraded the US sovereign credit rating on Friday due to concerns about the nation’s growing $36 on debt pile. The credit rating agency cut the US government’s rating by one notch to “AA1” from ‘AAA’, and changed its outlook on the US to “stable” from “negative.” Moody’s first gave the United States its pristine…
NEW YORK – Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC to boost output and worried U.S. President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel. Brent crude futures fell by $1.61, or 2.4%, to settle at $64.25 per barrel. U.S….
Stock market today: Indian stock market benchmarks extended their winning streak for a seventh straight session on Wednesday, April 23, supported by steady Q4 earnings, robust foreign capital inflows, and a positive growth outlook. The Sensex opened at 80,142, up from its previous close of 79,596, and gained 659 points (0.80%) to reach 80,254.55 during…
Christopher Wood, a US-based investment banking group, Jefferies’ global strategist, recommended that global investors increase their exposure in the Indian stock market and sell US stocks amid the uncertainties looming over the capital markets due to Trump tariffs, as per a Business Standard report. Wood reiterated his bullish stance on the Indian stock market in…
Portfolio-management services firm, Marcellus Investment Managers’ founder and chief investment officer (CIO), Saurabh Mukherjea, warned the Indian middle class about the reducing number of traditional white-collar jobs due to the industry-wide shift to automation. In a recent podcast named ‘Beyond the Paycheck: India’s Entrepreneurial Rebirth,’ Mukherjea said that the current decade will determine the effective…