Gold prices slid to the lowest in nearly two weeks as U.S. bond yields surged, curbing the appeal of the non-interest bearing metal.
Gold Silver to Remain Volatile on Growth Worries, Inflation, Geopolitical issues
Gold silver price trade steady after inching lower in the previous session, as the dollar and Treasury yields pulled back slightly after U.S. FOMC minutes hinted policymakers may be less aggressive on future rate hikes.
Natco Pharma Gains As U.S FDA Grants Tentative Nod For Ovarian Cancer Drug
Shares of Natco Pharma jumped nearly 3%, the most in this week so far. Trading volume is thrice the 30-day average. A dividend of Rs 3.5 is payable on August 30 and the stock will trade ex-dividend on Friday.
Power Mech Projects Surges To Record After Bagging Over Rs 6,100 Crore From Adani Group
Shares of Power Mech Projects rose nearly 8%, the most in a week, to a record. Trading volume is 25 times the 30-day average. The relative strength index is 84, suggesting the stock may be overbought.
Investment Demand to Lift India’s Silver Imports to Record High
India’s silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.
Stock Recommendations For Today [18-08-2022]
Stock Recommendations For Today: Asian equities and U.S. futures declined as investors digested the uncertainty in Chinese economy. The U.S. and Federal Reserve minutes hinted at the need for delicate balancing act to tackle inflation while reducing the chances of a recession, simultaneously.
Gold Holds Drop After Fed Minutes Signal Slower Rate-Hike Pace
Gold held a drop as investors weighed minutes from the Federal Reserve’s July meeting, which signaled ongoing interest-rate hikes but at a slower pace down the track.