Brutal selloff! Gold, silver prices crash in exceptionally volatile session - what’s causing the sudden dip?

Why has gold and solver prices fallen? Brutal selloff! Gold, silver prices crash in exceptionally volatile session – what’s causing the sudden dip? | India Business News

Gold and silver futures saw a sharp decline on Friday as traders locked in profits following Thursday’s record-breaking rally. On the MCX, silver futures fell by 3.04% while gold dropped 1.28%, influenced by bearish global markets and a stronger US dollar.The dramatic shift came after both metals had achieved historic highs the previous day. Silver…

Read More
US markets today: S&P 500 crosses 7,000 for first time; tech stocks, AI optimism keep Wall Street buoyant

US markets today: S&P 500 crosses 7,000 for first time; tech stocks, AI optimism keep Wall Street buoyant

US stocks edged higher on Wednesday, with the S&P 500 breaching the 7,000-point mark for the first time, underscoring sustained investor optimism around artificial intelligence, resilient Big Tech earnings prospects and expectations of eventual monetary easing.The benchmark index rose 0.3 per cent, extending gains after its latest record close. The Dow Jones Industrial Average advanced…

Read More
'Low inflation boost for competitiveness': RBI

‘Low inflation boost for competitiveness’: RBI

MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…

Read More
US monetary policy: Fed’s official sees no urgency for further rate cuts, flags distorted inflation data

US monetary policy: Fed’s official sees no urgency for further rate cuts, flags distorted inflation data

A senior US Federal Reserve official has said there is no immediate need to cut interest rates further, cautioning that recent inflation data may have been distorted due to disruptions in data collection during the federal government shutdown, AFP reported.Speaking to CNBC on Friday, New York Federal Reserve President John Williams said inflation readings for…

Read More
Japan inflation holds steady ahead of BoJ rate decision

Japan inflation holds steady ahead of BoJ rate decision

Japan’s inflation rate held steady in November, official data showed Friday ahead of the Bank of Japan’s monetary policy decision which could see central bankers raise interest rates to their highest level in 30 years.The hike would be the first since January and could potentially exacerbate turmoil in debt markets.Yields on Japanese government bonds have…

Read More