Amidst a confluence of factors typically bearish for the precious metal, gold prices managed to post solid gains on Thursday. This resilience in the face of economic data and market dynamics that would normally weigh on the yellow metal suggests the recent price correction may be nearing its end. According to the U.S. Labor Department,
Although the stock market has performed strongly in 2024, the market has been more volatile over the past few weeks, with the S&P 500 down since the start of July. With rising unemployment, more people are concerned about a possible recession. As a result, many are looking for alternative investments, such as gold. With a
Gold price slides below $2,400 after profit-booking but holds ground on multiple tailwinds. The Fed is expected to cut interest rates by more than 100 bps this year. The US Dollar falls near the March bottom, and bond yields post fresh annual lows. Gold price (XAU/USD) exhibits sheer weakness performance despite deepening geopolitical tensions and growing fears of
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
Gold and Silver rate today (Aug 5, 2024): Domestic precious metal futures on Monday edged higher amid weak US employment data that sent bond yields and the dollar tumbling. At the last count, MCX gold futures (Oct 4) were up Rs 403 or 0.58 per cent at Rs 70,192 per 10 gm. Meanwhile, MCX Silver futures (Sept 5) were up 0.74 per cent or Rs 607 at Rs
The Union Budget 2024 introduced significant changes in the taxation of mutual funds, impacting both short-term and long-term capital gains. Image: Shutterstock Sunainaa Chadha NEW DELHI Union Budget 2024 has introduced several changes to the tax rules for mutual fund investments. Let’s break down what this means for you: Short-Term Capital Gains (STCG) Click here