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Source: Live Mint Gold Prices Today: The yellow metal declined in global markets on Friday, December 13, after bullion hit a more than five-week high in the previous session and as the US dollar gained, but prices were on track for a weekly gain, driven by expectations of an interest rate cut by the US…
Source: Live Mint Gold rate today: After climbing to the five-week high, gold price slipped on Friday after the profit-booking trigger. The MCX gold rate for the February 2024 future expiry finished at ₹77,130 per 10 gm, ₹2,645 away from the lifetime high of ₹79,775 per 10 gm. In the international market, spot gold price…
Source: Live Mint Gold rate today: Following the cautious tone of the US Fed chairman Jerome Powell on an interest rate cut that strengthened the US dollar, gold prices logged a decline in the international market for the second straight week. However, gold prices registered marginal gain in the domestic market despite the Indian National…
Source: Live Mint Stock market today: Domestic equity benchmarks Sensex and Nifty 50 staged a spirited recovery on value buying from their early losses in the previous session amid firm trends in global equities ahead of the tightly fought US presidential elections 2024. Late buying in banking, metal, steel, and oil and gas shares helped…
Source: Live Mint Meanwhile, Varmaji, plagued by FOMO (fear of missing out) and spurred on by his wife’s remarks about his “conservative” approach, dives into the stock market at its peak—and is left holding not just the baby, but the bathwater and the tub too. Now he’s forced into the role of a ‘long-term investor’—the…
Source: Live Mint Ending the weeks of intense speculation, the US Federal Reserve’s Federal Open Market Committee (FOMC) has taken a decisive step in initiating a new monetary easing cycle, announcing a 50 basis points (bps) cut to the federal funds rate. The move comes after months of market speculation and a 14-month policy pause….
Source: Live Mint The US Federal Reserve reduced its benchmark interest rate by 50 basis points, marking the first decrease since 2020, as the central bank started to unwind the restrictive policies it had put in place to address inflation. The Federal Reserve’s benchmark policy rate has remained in the 5.25%-5.50% range for 14 months….
Source: Live Mint Indian IT stocks experienced a sharp sell-off in Wednesday’s trade, leading the Nifty IT index to plunge by 3.7% to 41,820 points, falling below the 42,000 mark for the first time since September 9. This decline has pushed the index to a two-week low. All 10 constituents are currently trading with significant…
Source: Live Mint US Fed meeting underway: The much-awaited event is here. After over four years, the US Federal Reserve is expected to start the rate-reduction cycle on Wednesday, September 18, as inflation has eased considerably in the US while the jobs market is showing signs of cooling off. Rate cuts are overall positive for…
Source: Live Mint Oil prices increased by approximately 2% on Monday, driven by ongoing disruptions to U.S. Gulf oil infrastructure, which offset persistent concerns about demand following new data from China. Investors are also anticipating a potential reduction in U.S. interest rates later this week. By 1315 GMT, Brent crude futures for November rose by…
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