Month: May 2023

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Gold prices eased by Rs 120 to Rs 60,580 per 10 grams in the national capital on Monday amid weak global trends, according to HDFC Securities. The precious metal had settled at Rs 60,700 per 10 grams in the previous trade. Silver also plunged by Rs 500 to Rs 73,600 per kg. “Spot gold prices
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Share: “Meeting with US President Joe Biden was ‘productive’ but no agreement had yet been reached on the debt ceiling,” said US House Speaker Kevin McCarthy late Monday per Reuters. The US policymaker spoke after his much-anticipated meeting with US President Biden. It’s worth noting that a US Republican Patrick Mchenry also crossed wires, via Reuters
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Similar to EUR/USD and USD/JPY last week, it looked like gold was facing a technical break lower as price fell through the support region of $1,975-81. However, with the dollar getting checked back on Friday and in trading today, we are seeing price action consolidate a little as traders call into question the breakout move
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Oil prices edged lower on Thursday, easing on concerns over plentiful supply after surging nearly 3% during the previous session. Brent crude futures dipped 24 cents to $76.72 a barrel. U.S. West Texas Intermediate crude dropped 21 cents to $72.62. Both benchmarks rose nearly 3% on Wednesday on optimism over oil demand and U.S. debt
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