Sensex
81,395.24 profit arw -188.06 (-0.23%)
Nifty
24,796.55 profit arw -56.85 (-0.23%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 06-Sep-2024
Other Markets - Bullion Markets
06-Sep-2024     14:05

Gold nears $2550 as fed rate cut hopes surge

Gold prices rebounded to near $2550 per ounce on Friday, reaching one-week highs as traders await the US jobs report, which could fuel expectations of a major Fed rate cut. Weak US labor data, including ADP's slowest hiring pace in 3.5 years, raised concerns about economic health. This, along with declining job openings and sluggish manufacturing, has strengthened the case for a 50 bps rate cut. Meanwhile, MCX October bullion futures bounced above Rs 72000 per 10 grams and are set to end the week higher.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

81,395.24 -188.06 (-0.23%)

Nifty

24,796.55 -56.85 (-0.23%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,980.31 -80.69(-0.34%)