Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for…
Gold price attracts fresh buyers on Friday and moves closer to a two-week top set on Thursday. US fiscal concerns, US-China trade tensions, and geopolitical risks underpin the XAU/USD pair. Fed rate cut bets weigh on the USD and support prospects for further gains for the commodity. Gold price (XAU/USD) retains its intraday bullish bias…
Bullion retreats from two-week high as US House passes debt-heavy budget. A strong US Dollar and firmer US S&P PMIs dent safe-haven appeal. Geopolitical risks with Iran still support longer-term bullish bias for Gold. Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of…
Gold price pulls back after touching a two-week top earlier this Thursday, though the downside seems limited. US fiscal concerns and Fed rate cut bets continue to weigh on the USD, and should lend support to the XAU/USD pair. Renewed US-China trade tensions and geopolitical risks might also contribute to limiting any meaningful slide. Gold…
Gold and silver prices in your city today on May 18: Prices of the precious metals have slipped on eased trade talks between the United States and China, and calming of geopolitical tensions between India and Pakistan. While eased pressure has made investors opt for riskier equities, experts still back gold and silver as safe…
India has been actively advancing its semiconductor industry through the India Semiconductor Mission (ISM), launched in 2022, with a focus on attracting investments and building a domestic chipmaking ecosystem. Below is an overview of recent semiconductor investments approved by the Indian government, based on the latest available information: Semiconductor Investments: HCL Group and Foxconn Joint…
US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 11:47 AM EDT, the Dow Jones Industrial Average fell 0.21%, the S&P 500 gained 0.93%, and the Nasdaq Composite rose 1.65%. At 10:48 AMEDT, the Dow…
Wall Street’s key stock indices surged sharply on Monday as the United States and China reached a deal to reduce tariffs. China and the United States announced a 90-day truce in their trade war, agreeing to cut most of their tariffs. The US will cut tariffs on Chinese goods to 30% from as high as…
Wall Street stock indices edged higher on Friday on stronger-than-expected jobs data and easing trade tensions. At 12:58 PM EDT, the S&P 500 gained 1.58%, the Dow Jones Industrial Average rose 1.49%, the Nasdaq Composite surged 1.76%. At 11:31 AM EDT, the S&P 500 gained 1.04%, the Dow Jones Industrial Average rose 0.81%, the Nasdaq Composite rose 1.26%. At…
Gold price retraces losses on Wednesday after US GDP turns negative. Traders sent Gold initially lower after President Trump signed an order to ease tariffs on car parts. Both daily resistances and supports for Gold are narrowing, signaling the increasing chances of a breakout, from a technical point of view. Gold price (XAU/USD) is recovering…
