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 : 11-Feb-2025
Other Markets - Bullion Markets
11-Feb-2025     14:29

Global unrest and inflation concerns push gold to record levels

Gold futures soared to a historic $2968.5 per ounce, propelled by surging safe-haven demand as investors navigated deepening trade tensions and geopolitical turmoil. The suspension of hostage releases by Hamas over alleged Israeli ceasefire violations heightened uncertainty, adding to gold's bullish momentum. Meanwhile, a strengthening dollar, buoyed by President Trump's latest tariff policies, posed resistance, yet inflationary fears and potential Fed rate constraints provided underlying support. Traders eagerly awaited Fed Chair Powell's testimony and key US inflation data, which could shape future monetary policy moves. On MCX, gold futures retreated ₹300 after touching ₹85950 per 10 grams in the previous session, reflecting some profit booking after the sharp rally.

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%)