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New Delhi, RBI’s interest rate decision, macroeconomic data announcements and global trends are the key factors that would dictate the momentum in the equity market this week, analysts said. Moreover, trading activity of Foreign Institutional Investors and developments on the tariffs front would also guide investors’ sentiment, experts noted. “Looking ahead, all eyes will be…
Canadian dollar falls 0.3% against the greenback Trades in a range of 1.3902 to 1.3984 Price of U.S. oil settles 0.8% lower Canada-U.S. 2-year spread widens to 145 basis points TORONTO, May 14 (Reuters) – The Canadian dollar edged lower against its U.S. counterpart on Wednesday as oil prices fell and interest rate spreads moved…
Gold rate today: Precious metal remained subdued in the domestic futures market on Tuesday morning, as the US-China trade agreement increased investor interest in equities, reducing the appeal of safe-haven assets like gold. MCX Gold contracts were up by 1.22 per cent at ₹94,031 per 10 grams, after having dropped nearly 4 per cent to…
Gold rate today: Prices decline on trade deal hopes, stable dollar; what should investors do?
US stock indices opened slightly higher on Wednesday ahead of the Federal Reserve’s decision on interest rates later in the day. Investors are hoping for de-escalation in trade tensions with China. At the opening bell, the Dow Jones Industrial Average rose 127.1 points, or 0.31%, to 40,956.08. The S&P 500 rose 7.3 points, or 0.13%,…
Gold prices on Multi Commodity Exchange of India (MCX) opened lower on Wednesday amid escalating tensions between India and Pakistan, and ahead of US Federal Reserve’s monetary policy later today. MCX gold rate opened lower at ₹96,900 per 10 grams as against its previous close of ₹97,491. At 9:05 AM, MCX gold price was trading…
Gold rates surged more than 2 per cent in Monday’s session, supported by the dollar’s weakness and healthy spot demand even as investors and traders kept a close eye on news flows surrounding the US-China trade tension. MCX Gold June 5 contracts traded 2.14 per cent higher at ₹94,615 per 10 grams around 4:50 PM….
Gold rate today: Following the downside pressure in the US dollar rates and trade talks not yielding any concrete results, gold prices extended their post-correction rally for yet another session during Monday morning deals. MCX gold rates today opened with an upside gap at ₹93,249 and touched an intraday high of ₹93,340 per 10 gm…
Employers added 177,000 jobs in April Treasury to auction 3-, 10-, 30-year debt next week Traders pus bets on next rate cut to July Japan says could use Treasury holdings in trade negotiations (Updated in New York afternoon time) May 2 (Reuters) – U.S. Treasury yields rose to a one-week high on Friday after data…
US Fed policy in focus: Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report. They had previously forecast a rate cut in June. Data on Friday showed, nonfarm payrolls increased more than expected in April,…