Sensex
83,442.50 profit arw 9.61 (0.01%)
Nifty
25,461.30 profit arw 0.30 (0.00%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 12-Apr-2024
Other Markets - Bullion Markets
12-Apr-2024     13:54

Gold Surges Above $2400 on Middle East Tensions

Gold futures rose above $2400 an ounce in Asia, driven by ongoing geopolitical risks, particularly in the Middle East. Tensions escalated after a suspected Israeli airstrike on Iran's embassy in Syria, prompting Iran to vow retaliation. This instability has increased Gold's appeal as a safe-haven asset. The Dollar Index, another safe-haven asset, also rose above 105. Additionally, the U.S. Producer Price Index for March showed a milder-than-expected increase, bolstering hopes for near-term rate cuts by the Federal Reserve and adding to Gold's momentum. MCX June bullion rose Rs 1090 to Rs 72734 per 10 grams.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

83,442.50 9.61 (0.01%)

Nifty

25,461.30 0.30 (0.00%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

23,887.84 -28.23(-0.12%)