Sensex
83,655.68 profit arw -222.49 (-0.27%)
Nifty
25,706.20 profit arw -84.05 (-0.33%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 22-Dec-2023
Other Markets - Bullion Markets
22-Dec-2023     13:12

Gold Surges above $2,060; Weekly Gains Fueled by Dollar Weakness

Gold surged past $2,060 per ounce for its second consecutive weekly gain, driven by a weakened dollar and falling Treasury yields. Speculation about potential US Federal Reserve interest rate cuts in the coming year intensified as data revealed softer Q3 US economic growth and a disappointing December Philadelphia Fed Manufacturing Index. Investors are closely watching Friday's US core PCE reading for insights into future monetary policy. UK inflation hitting a two-year low in November adds to expectations of a global rate-cutting cycle. MCX February gold futures rose nearly Rs 250 to Rs 62,750 per 10 grams in response to these global dynamics.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

83,655.68 -222.49 (-0.27%)

Nifty

25,706.20 -84.05 (-0.33%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

26,848.48 240.00(0.90%)