Gold prices rose Thursday as investors turned to gold as the US President escalated tariffs on China, the world’s top metal consumer. US President temporarily eased steep duties on several other countries, but he raised the tariff on Chinese imports to 125%, escalating a high-stakes confrontation between the two largest economies. Gold is traditionally seen…
Wednesday’s oil prices remained stable as traders awaited the U.S. Federal Reserve’s remarks in the wake of recent statistics suggesting the prospect of additional interest rate hikes, which may slow global economic growth and reduce fuel demand. After losing 1.2% on Tuesday, Brent crude futures for April delivery were up 2 cents at $83.07 per…
Due to unfavourable global cues, the price of gold is trading unchanged on Tuesday, while the price of silver is down 0.11%. Gold April futures were selling at Rs 56,996 per 10 kilos on the Multi Commodity Exchange, down Rs 51 or 0.09%. On the MCX, silver March futures were selling at Rs 68,515 per…
In this month alone, foreign investors have made a net withdrawal of Rs. 15,236 crore due to the appeal of the Chinese markets and worries that the US economy may be ready to face a recession. However, over the past four trading sessions, foreign portfolio investors (FPIs) have switched from sellers to purchasers. Following a…
