Gold Price- MCX gold surges as Israel-Hamas conflict spark interest for safe haven bets
时间:2024-06-26 14:43:03 阅读(143)
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Tuesday, while Silver rates slipped 0.37%. On the Multi Commodity Exchange, gold October futures were trading at Rs 57695 per gram, up Rs 123, or 0.21%. Silver December futures were trading down Rs 254 at 68840 per kg on the MCX.
Gold prices continued to rise on Tuesday, a day after posting sharp gains on increased market uncertainty due to conflict in the Middle East, as dovish remarks from top US Federal Reserve officials weighed on the dollar and bond yields, according to Reuters. Spot gold gained 0.1% to $1,862.80 per ounce, after earlier hitting its highest since Sept. 29. US gold futures climbed 0.7% to $1,876.90.
“Fed official Jefferson also mentioned that they need to move more carefully to balance risks of tightening but it is also soon to say if the rates are higher enough or no. Bets for a pause in the November meeting has increased once again to 85%. The economic calendar is fairly muted as no major economic data from the US is scheduled, however, we could see some volatility as the US opens after the Columbus day holiday,” Manav Modi added.
上一篇:5 biggest mergers and acquisitions in the US- These deal values dwarf anything ever seen in India
猜你喜欢
- Rupee falls to fresh record low for 4th straight session on strong dollar, risk aversion in markets
- Rupee at nearly three-week high- Global cues drive stocks rally, indices up 8
- 3 Adani group shares exit NSE’s short-term additional surveillance framework
- Rishabh Instruments stock ends on muted note in debut trade
- Buy these two stocks for medium-term gains while Nifty remains in downtrend
- Rupee rises 7 paise against US dollar in early trade
- 5 money-management insights to adopt from Indian business tycoons like Mukesh Ambani, Ratan Tata, Falguni Nayar, and more
- Rupee likely to appreciate on retreat in dollar, declining crude prices; USDINR pair to trade in this range
- 8-10% of one’s portfolio should be allocated to precious metals- Tapan Patel, Tata AMC