Sensex
83,432.89 profit arw 193.42 (0.23%)
Nifty
25,461.00 profit arw 55.70 (0.22%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 30-Nov-2023
Other Markets - Bullion Markets
30-Nov-2023     13:43

Gold Retreats from 6-Month Peaks on Weekend Profit-Taking

Gold futures dipped below $2070 per ounce over the weekend as profit-taking ensued, following a surge near all-time highs driven by a weakened US dollar. Despite the pullback, the yellow metal is set to close the month with over 3% gains, following a robust 7% increase in October. Dollar remained weak on speculating of potential Federal Reserve easing measures in the coming year amid hints of a rate cut due to cooling inflationary pressures. With the US economy showing Q3 expansion at 5.2%, investors now await Thursday's pivotal personal consumption expenditure inflation report and anticipate insights from Fed Chair Jerome Powell on Friday. MCX bullion futures for February delivery are trading down Rs 8 at Rs 62800 per 10 grams.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

83,432.89 193.42 (0.23%)

Nifty

25,461.00 55.70 (0.22%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

23,916.07 -153.88(-0.64%)