Sensex
75,502.85 profit arw 938.93 (1.26%)
Nifty
23,408.80 profit arw 257.70 (1.11%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 25-Apr-2024
Other Markets - Bullion Markets
25-Apr-2024     13:59

Gold Bounces Back Above $2340 as Investors Await US GDP Data

Gold futures recovered from earlier losses to rise above $2340 an ounce as investors awaited further US economic data for insights into the Federal Reserve's monetary policy direction. Market focus is on the first-quarter GDP data and Friday's March PCE report, especially after higher-than-expected consumer inflation shifted rate-cut expectations. Fed officials' recent comments suggest a delay in rate cuts, with the first hike likely in September. The commodity has retreated nearly 5% from its April 12 peak of $2448.80, driven by technical factors, geopolitical concerns, and the Fed's reduced rate cut expectations. MCX June gold futures bounced back above Rs 71000 mark, trading marginally higher.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

75,502.85 938.93 (1.26%)

Nifty

23,408.80 257.70 (1.11%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

25,834.03 368.42(1.45%)