Sensex
82,408.17 profit arw 1,046.30 (1.29%)
Nifty
25,112.40 profit arw 319.15 (1.29%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 04-Jul-2024
Other Markets - Bullion Markets
04-Jul-2024     14:10

Gold Extends Losses; Soft Dollar to Limit Downside

Gold futures slipped in Asia after gaining over $30 an ounce previously, as weak US economic data reinforced expectations for Federal Reserve interest rate cuts. Despite this, a weakening US dollar, which fell below 105 to a three-week low, supported dollar-denominated assets. Investors are now focused on the upcoming US monthly jobs report for further guidance. Safe-haven demand for gold increased amid escalating tensions in the Middle East after Israel killed a senior Hezbollah commander. The recent FOMC minutes revealed Fed officials noting a slowing US economy but recommending caution before deciding on rate cuts. MCX August bullion futures traded marginally lower at Rs 72,386 per 10 grams.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

82,408.17 1,046.30 (1.29%)

Nifty

25,112.40 319.15 (1.29%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,530.49 292.74(1.26%)