Sensex
82,408.17 profit arw 1,046.30 (1.29%)
Nifty
25,112.40 profit arw 319.15 (1.29%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 05-Dec-2023
Other Markets - Bullion Markets
05-Dec-2023     12:37

Gold Holds Strong above $2050 Amid Fed Signals and Safe Haven Demand

Gold maintained its position above $2050 per ounce during the mid-Asia session, stabilizing after a recent surge to record highs earlier in the week. Investors are now eyeing the upcoming US monthly jobs report on Friday for insights into potential shifts in interest rates. The precious metal experienced an unusual spike, surpassing $2152.30 an ounce on Monday before a sharp decline. Factors contributing to the surge included less hawkish signals from the Federal Reserve, heightening expectations of early interest rate cuts, and increased safe haven demand fueled by concerns over a Red Sea attack on U.S. vessels. Meanwhile, MCX February bullion futures in India reached an all-time high above Rs 64000 before settling at Rs 62566.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

82,408.17 1,046.30 (1.29%)

Nifty

25,112.40 319.15 (1.29%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,530.49 292.74(1.26%)