market sentiment
Gold Repesentative Image by Getty Images
| April 7, 2024, 7:16 a.m.
Gold Hits Record High at $2330 Amid Middle East Tensions and Fed Rate-Cut Hints
Gold closed at a record high of $2330 amidst escalating Middle East tensions, positive US economic data, and hints of potential rate cuts by the Fed Chair. Despite surging yields and steady US Dollar, gold rallied for the third straight week, posting significant gains driven by geopolitical uncertainties. The upcoming US CPI data and FOMC minutes will be crucial for market direction, with resistance at $2360/$2400 and support at $2300/$2250/$2200.
Read More.| March 12, 2024, 6:55 a.m.
Asian Stocks Steady Ahead of U.S. Inflation Data; BOJ Policy Speculation Rises
Asian stocks remained relatively stable on Tuesday as investors awaited the influential U.S. inflation report. Japanese shares experienced a decline while the yen strengthened amid growing expectations that the Bank of Japan (BOJ) might consider scaling back its ultra-easy monetary policy. Gold prices hovered just below their record peak, and the dollar remained steady as traders awaited the U.S. consumer price index report to gauge the Federal Reserve's potential actions.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
Latest News
