Sensex
84,950.95 profit arw 388.17 (0.46%)
Nifty
26,013.45 profit arw 103.40 (0.40%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 07-Aug-2025
Other Markets - Bullion Markets
07-Aug-2025     14:53

Gold hits $3470 on tariff tensions, Fed cut bets

Gold futures surged above $3470 per ounce on Thursday, hitting their highest level since June 16, as safe haven demand soared amid fresh US tariff threats and expectations of a Fed rate cut. MCX October bullion futures also climbed 0.5% to ₹101729 per 10 grams, tracking global gains. President Trump confirmed an additional 25% tariff on Indian imports and raised duties on select Brazilian goods to 50%, fueling market uncertainty. A weaker US dollar index, now below 98, added to the momentum as traders bet on a September rate cut, with another move likely in December. The latest jobless claims data is now awaited for further cues.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

84,950.95 388.17 (0.46%)

Nifty

26,013.45 103.40 (0.40%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

26,384.29 -188.18(-0.71%)