Month: June 2023

Gold price plunged Rs 550 to Rs 59,700 per 10 gram in the national capital on Thursday amid weak global trends, according to HDFC Securities. The precious metal had ended at Rs 60,250 per 10 gram in the previous trade. Silver also tumbled Rs 900 to Rs 72,600 per kilogram. “Gold extended its fall in
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Bullion prices fell sharply in the opening trade on Thursday on a stronger Dollar Index and the Federal Reserve’s assertions that the Central Bank could go for two more rate hikes by the end of this year. The Fed commentary strengthened the greenback and led to slippages in the price of gold and silver. MCX
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The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Fed Chairman Jerome Powell revealed that the central bank would pause rate hikes for June. While this move aligned with investors’ expectations, the crypto market has yet to show any bullish momentum. Powell also mentioned that at
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Below is a snapshot of the markets ahead of the FOMC rate decision: EURUSD 1.0853 USDJPY 139.39 GBPUSSD 1.2683 USDCHF 0.8978 USDCAD 1.3301 AUDUSD 0.6814 NZDUSD 0.6221 DXY 102.75 US stocks: Dow industrial average down -154 points at 34058.49 S&P index up 6.40 points or 0.15% of 4375 NASDAQ index up 19.33 points or 0.14%
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Oil prices rose on Wednesday after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC and as investors awaited the outcome of the U.S. Federal Reserve’s June meeting. Brent crude futures were up 95 cents, or 1.3%, at $75.24 a barrel by 1346 GMT. U.S. West Texas Intermediate (WTI) crude was
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