Sensex
81,431.47 profit arw -13.19 (-0.02%)
Nifty
24,816.00 profit arw 3.95 (0.02%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 14-Jun-2024
Other Markets - Bullion Markets
14-Jun-2024     14:18

Gold Holds Firm Above $2330; Set for Weekly Gains

Gold surged above $2330 per ounce in the Asia trades today, set for its first weekly gain in four weeks after falling over 1% in the previous session. Investors are assessing softer-than-expected US inflation data against the Federal Reserve?s interest rate projections. The US PPI unexpectedly fell in May, indicating easing inflation pressures, following cooler consumer inflation figures. However, FOMC members' latest projections reveal an expectation of only one 25 basis point rate cut this year, with some members forecasting no cuts at all. The dollar index steadied around 105.2 on Friday and was set to advance for the second straight week, underpinned by fears that the Federal Reserve could keep interest rates higher for longer. MCX August bullion futures were seen trading higher at Rs 71509 per 10 grams.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

81,431.47 -13.19 (-0.02%)

Nifty

24,816.00 3.95 (0.02%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,710.70 -269.61(-1.12%)