Gold prices have cooled from recent record highs as investors anticipate the Federal Reserve’s next move. On Wednesday (August 21), spot gold traded slightly higher at $2,517.08 per ounce, following an all-time peak of $2,531.60 on Tuesday. US gold futures also saw a modest increase, rising 0.2% to $2,554.90, according to news agency Reuters. Gold
InCred Equities Nifty 50 Overview: •\u0009Resistance Levels: 24,622, 24,650, 24,694 (based on pivot points) •\u0009Support Levels: 24,534, 24,507, 24,462 (based on pivot points) •\u0009Market Sentiment: As long as Nifty 50 sustains above 24,500-24,550, it is likely to move towards 24,700-24,800. A fall below the 24,400-24,300 range could trigger further downside. •\u0009Candlestick Pattern: Despite forming a
INDIA 1)India’s retail inflation in July dropped to 3.54%, marking a near five-year low as food prices eased, government data showed. The actual figure fell below the Reserve Bank of India’s 4% target, primarily due to a high-base effect from last year. 2)Food prices, which constitute nearly half of the retail inflation basket, saw a
Domestic gold futures experienced a minor dip on Wednesday (August 14). Investors are eyeing key US inflation figures that could influence interest rates in the coming months. Around noon on the Multi Commodity Exchange (MCX), gold futures were down by ₹110 at ₹70,589 per 10 grams. Despite the drop, gold prices are well-supported. “Gold remains
Gold prices have been on the rise recently, and many investors are wondering if now is the right time to invest in the precious metal. On Tuesday, the October futures contracts for gold on the Multi Commodity Exchange (MCX) opened flat at Rs 70,679 per 10 grams, marking a slight decrease of 0.08% or Rs
Gold prices remained stable on Monday, August 5, as profit-taking balanced against expectations of a US Federal Reserve rate cut. Concerns about a potential US recession also influenced market sentiment. Spot gold held at $2,443.44 per ounce as of 0335 GMT, after an earlier 1% drop. US gold futures rose 0.7% to $2,485.80, according to