Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.
Finance
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.
India Stocks Move in the Red [04 Sep 2024]
The BSE Sensex fell 477 points or 0.6% to 82,079 in early deals on Wednesday after being flat in the previous session, tracking a drop in Asian peers, following losses on Wall Street overnight amid a significant sell-off in tech stocks.
IRFC, IREDA, SJVN among 19 PSU stocks that qualify for F&O entry post Sebi rule revision
As the revised norms for stocks’ entry and exit in the futures & options (F&O) segment comes into force, there are 19 PSU counters which are eligible for inclusion according to estimates by Nuvama Institutional Equities.
हेज फंड्स का सोने पर तेजी का दांव चार साल के उच्चतम स्तर पर पहुंचा
मनी मैनेजर्स (Money Managers) द्वारा सोने में लगाए गए दांव चार साल के उच्चतम स्तर पर पहुंच गए हैं, जो अमेरिकी राष्ट्रपति चुनाव अभियान के बारे में निवेशकों की चिंताओं के साथ-साथ फेडरल रिजर्व (federal reserve) द्वारा ब्याज दर (interest rate) में कटौती के समय पर नए सिरे से ध्यान केंद्रित करने का संकेत देता है।
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks. The argument for cutting interest rates below zero is the same as …
Brexit vote: EU President Says UK Remaining is only option ‘if a Deal is Impossible, and No one wants No Deal’
The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA)
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA) Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical TeamMobile No. 9582247600 & 9899900589
President Trump: Predicts ‘Great Deal’ with China on trade
Gold Silver Reports (GSR) — He expects a bounce after the midterm elections thanks to strong earnings, monetary policy that is still “pretty easy” and fiscal policy that should continue to support the market.
Draghi: Central bank Independence
Advanced economies are now emerging from the aftermath of the great financial crisis. Despite facing the largest shock in the postwar period, central banks have succeeded in maintaining price stability and fulfilling their mandates.