Sensex
81,796.15 profit arw 677.55 (0.84%)
Nifty
24,946.50 profit arw 227.90 (0.92%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 04-Apr-2024
Other Markets - Bullion Markets
04-Apr-2024     14:19

Gold Pauses After Rally, Awaits Next Move

Gold futures were seen trading slightly lower in the electronic trades today, with the traders awaiting the latest US monthly jobs report. The dollar index, weakening below 104, lingered at its weakest level in over a week, prompting a reevaluation of interest rate expectations. The ISM data's unexpected slowdown in US services growth, coupled with easing price growth for service providers, bolstered rate cut expectations, weighing on the dollar. Meanwhile, ADP data revealed 184,000 private-sector job additions in March, underscoring the labor market's resilience. Federal Reserve Chair Jerome Powell emphasized the need for further evidence of inflation sustainably moving toward the 2% target before considering rate cuts. MCX gold traded lower at Rs 69694 per 10 grams, reaching a session high of Rs 69908.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

81,796.15 677.55 (0.84%)

Nifty

24,946.50 227.90 (0.92%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,061.00 168.43(0.70%)