Gold price surges to a one-month high. Should you buy now?

Gold price surges to a one-month high.  Should you buy now?

Gold price today: On account of rising concern of slowdown in global economic activities and escalation in US China tension, gold prices surged to a one month high in the week gone by. Gold price October future contract on Multi Commodity Exchange (MCX) finished at ₹51,864 per 10 gm whereas the spot gold price ended … Read more

RBI MPC meeting to US job data: 5 factors that may impact the stock market this week

RBI MPC meeting to US job data: 5 factors that may impact the stock market this week

Stock market this week: Following strong global cues and return of foreign investors (FPIs and FIIs), Indian stock finished higher on third straight session on Friday. In the week gone by, Nifty 50 index gained 2.62 per cent last week whereas it logged 8.70 per cent monthly gain in July 2022. Similarly, BSE Sensex shot … Read more

Bank of England to OPEC meeting: Top 5 triggers for gold price in the near term

Bank of England to OPEC meeting: Top 5 triggers for gold price in the near term

Gold price shot up by nearly 2.39 per cent in the week gone by, while carrying forward the positive momentum of the previous week driven by a ‘mildly hawkish’ stance of the US Fed on interest rate hike. as expected, the US central bank raised the interest rate by 75 bps for the second month … Read more

Market Live: Sensex Jumps 500 Pts, Nifty Above 16,750; It Stocks Gain, Ril Up 2%

Market Live: Sensex Jumps 500 Pts, Nifty Above 16,750;  It Stocks Gain, Ril Up 2%

Indian indices are likely to witness a positive start on Friday amid positive global cues. The last trading session surprised everyone by snapping its losing run to close higher. Globally, the Wall Street stocks rallied in overnight trade after two down sessions ahead of key jobs data, as markets fixate on the implications for inflation … Read more

US labor market tightening; unemployment rolls smallest since 1969

US labor market tightening;  unemployment rolls smallest since 1969

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week as demand for labor remained strong, helping to underpin the economy amid rising interest rates and tightening financial conditions. The weekly unemployment claims report from the labor department on Thursday, the most timely data on the economy’s health, also showed … Read more

US labor market in spotlight as weekly jobless claims hit 4-month high

US labor market in spotlight as weekly jobless claims hit 4-month high

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, reaching a four month-high and potentially hinting at some cooling in demand for workers amid tightening financial conditions. Still, the labor market remains tight as the report from the labor department on Thursday also showed the ranks of the unemployed … Read more