Gold rate today: Following the escalating US-China trade war tensions and a weakening US dollar after an unexpected shift in Donald Trump’s tariff policy, gold prices climbed to a new peak in domestic and international markets. MCX gold rates settled at ₹93,887 per 10 gm after hitting a new high of ₹93,940 per 10 gm…
Asian markets traded lower on Friday, following overnight sell-off on Wall Street as trade war tensions between US and China escalated and fueled risk-off mood. Japan’s Nikkei share average led the losses in the region with a steel cut of over 5%. Japan’s Nikkei 225 plunged 5.46%, while the Topix tanked 5.05%. The Nikkei had…
China’s yuan closed at its weakest level in over 17 years on Wednesday, following a record-low drop in its offshore counterpart overnight, as tensions from the escalating U.S.-China trade war shook currency markets. The onshore yuan ended domestic trading at 7.3498 per dollar — the lowest closing since December 2007. The currency slide coincides with…
Gold prices jumped on Thursday on rising safe-haven demand after US President Donald Trump escalated tariffs on China despite his decision to temporarily ease steep duties on several other countries. In the previous session, the international gold rate spiked 3%. The Indian stock market and commodity market are closed on April 10 on account of…