Gold and silver prices soared to fresh record high levels on Friday with the precious metal breaching Rs 74,000 per 10 grams mark here on bullish global trends. According to HDFC Securities, gold price jumped Rs 400 to hit its lifetime high of Rs 74,100 per 10 grams in Delhi. It had closed at Rs
Month: April 2024
Financial markets have steadied following a brief period of heightened volatility triggered by fears of escalating conflict in the Middle East. Initial concerns about a full-scale confrontation were alleviated. Both Israel and Iran played down the significance of recent explosions near an Iranian military base, suggesting a broader conflict might be avoided for now. As
A “Now Hiring” sign is displayed on a shopfront on October 21, 2022 in New York City. Leonardo Munoz | View Press | Corbis News | Getty Images Calling the state of the U.S. jobs market these days stable seems like an understatement considering the latest data coming out of the Labor Department. That’s because
In this photo illustration, Pantene and Head & Shoulders hair products are displayed on July 28, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years of hiking prices across its portfolio, from Tide detergent to Charmin
Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step. Key takeaways “Progress on US inflation has stalled.” “Fed’s current restrictive monetary policy is appropriate.” “Proper Fed policy going forward will depend on the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
NEW YORK: Oil prices sank by about 1% a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1:17 p.m.
Dollar bounces slightly in early US trading following unexpectedly strong retail sales data. However, there is no clear follow through buying in the greenback for now. The only exception is USD/JPY which continues to make new 34-year highs. Against others, Dollar might extend its consolidation phase for a while longer, as the impact from rising
Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% rise though below the upwardly revised 0.9% in February, according to Census Bureau data that
In this article UNH Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images UnitedHealth Group’s first-quarter earnings report Tuesday will mark the health-care giant’s first major public comments since a cyberattack on its Change Healthcare billing and payments subsidiary in February, which has led to the largest disruption in U.S. health
Dow Jones index is practically flat on afternun trading after having given away early gains. High yields and concerns about an escalation of the Middle East conflict have offset the upbeat quarterly results by Goldman Sachs. The technical picture remains bearish with DJIA drifting away from March high. The Dow Jones Industrial Average (DJIA) is
The decline in the US yields has now been retraced with the yields further out the curve, now up on the day again. 5-year yield 4.615%, +0.2 basis points 10 year yield 4.572%, +1.2 basis points 30-year yield 4.666%, +3.2 basis points The U.S. Treasury will optional 30-year bonds at 1 PM ET, completing their
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Spot gold slid on Wednesday across the board hotter than expected US CPI inflation report that showed that both headline and core CPI climbed more than forecast. Spot gold closed with a loss of 0.80% at $2334. The Core CPI rose 0.40% for the third straight month Vs the forecast of 0.30%. The headline CPI
Euro weakens broadly following ECB’s decision to maintain interest rates unchanged, coupled with explicit suggestions of a potential rate cut ahead. However, selloff has been relatively mild, primarily because ECB’s statement didn’t serve as a definitive pre-announcement of rate cuts, unlike its 2022 guidance on rate hike. Moreover, the conditional guidance regarding future rate adjustments
A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will hold higher for longer than many economists had expected. The producer price index rose 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not as much as the 0.6%
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it