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Tag: US inflation

gold
  • Commodity Market

Gold prices fall on US inflation news, Fed rate cut

Mahalakshmi@fastura.com2 weeks ago02 mins

Gold prices fell 0.2% to ₹96,704 per 10 grams after weaker-than-expected US inflation data. Core inflation was 2.8% in May, while headline inflation was 2.4%, lower than the expected 2.5%. This led many traders to book profits. However, the low inflation has increased expectations that the US Federal Reserve may cut interest rates in early…

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gold
  • Commodity Market

Gold prices fall on President’s new policy changes

Mahalakshmi@fastura.com5 months ago02 mins

Gold prices fell 0.26% to ₹79,023 as markets anticipated a change in policy ahead of the new Fed interest rate announcement. However, losses were somewhat limited by better-than-expected US inflation figures, which fuelled hopes for a repeat Federal Reserve rate cut. The US manufacturing sector showed strength, with output rising 0.6% in December, beating market…

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  • NYMEX Market

Rupee gains 32 paise to 83.01 in early trading, against the U.S. dollar,

guna@fastura.com2 years ago02 mins

In early trade on Wednesday, the US dollar dropped from its high levels after US inflation data came in lower than anticipated, giving the rupee a 32-paise boost to 83.01 against it. The US dollar declined after US inflation slipped to its lowest level since September 2021, according to forex traders, and the rupee began…

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