Gold hit a record high on Friday as global stock markets gained on reassuring data about the health of the world’s biggest economy and likely US interest rate cuts.
Ananya
Gold Kiss All-time High [$2500]
Spot Gold increased to an all-time high of $2500t.oz. Over the past 4 weeks, Gold gained 1.26%, and in the last 12 months, it increased 33.95%.
SEBI approves appointment of Praveena Rai as MD and CEO of MCX
The stock of MCX rose 5.2% to hit a new 52-week high of Rs 4,433.10 from its previous close of Rs 4,213.
Crude oil prices jump due to sharp drop in reserves
Crude Oil Forecast for Today, 08 August 2024: Oil prices rose for a third day after a significant drop in US crude oil reserves. Brent and WTI futures saw marginal gains. An unexpected drop in US crude oil reserves and potential supply risks in the Middle East also fueled the surge in prices. In addition, Libya announced production cuts due to protests, which increased market volatility.
Gold’s Decline Remained Capped Due to Expectations of Federal Reserve Cutting Interest Rates in September
Gold prices fell on Wednesday as the US dollar and Treasury yields strengthened, while the prospect of the Federal Reserve cutting interest rates in September limited further downside.
कच्चे तेल में लगातार गिरावट; ब्रेंट क्रूड 8 महीने के निचले स्तर पर पहुंचा, जानिए क्या है वजह?
अमेरिका में मंदी की आशंका और मिडिल ईस्ट में जियो पॉलिटिकल तनाव के कारण कच्चे तेल की कीमतों (Crude Oil Prices) में लगातार दूसरे दिन गिरावट आई और ये 8 महीने के निचले स्तर पर पहुंच गया. ब्रेंट क्रूड 1% टूटकर $76/बैरल के नीचे फिसला है.
Fed Expected to Keep Interest Rates Steady and Hint at Rate Cuts in September 2024
Federal Reserve officials this week may move closer to lowering interest rates from two-decade highs by signaling a possible rate cut in September, though they may stop short of giving details beyond that.