Sensex
81,118.60 profit arw -573.38 (-0.70%)
Nifty
24,718.60 profit arw -169.60 (-0.68%)
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-2024
Other Markets - Bullion Markets
05-Dec-2024     14:10

Gold steady within $40 range; focus shifts to jobs report

Gold remained range-bound this week, trading within a $40 range as markets awaited key payroll data. Despite a weaker dollar, with the index at 106.1, gold showed limited movement, while silver saw gains. Fed Chair Jerome Powell signaled no rush to cut rates, citing robust growth, a strong labor market, and persistent inflation. Geopolitical tensions, including South Korea's political turmoil and potential conflict in the Middle East, continued to support gold's safe-haven appeal. On MCX, bullion futures slipped ₹200 to ₹76,900, with supports at ₹76,700 and ₹76,450. Investors await Friday's November jobs data for further clarity on the Fed's policy outlook.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

81,118.60 -573.38 (-0.70%)

Nifty

24,718.60 -169.60 (-0.68%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,892.57 -142.82(-0.59%)