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 : 19-May-2025
Other Markets - Bullion Markets
19-May-2025     14:40

Gold rebounds after worst weekly fall, Moody's downgrade lifts sentiment

Gold prices rebounded above $3250 per ounce in Asian electronic trades on Monday after suffering their steepest weekly fall in six months. Safe-haven demand picked up following Moody's decision to downgrade the US government's credit rating, citing large fiscal deficits and rising interest costs. Last week, bullion dropped over 3% as improved risk sentiment from the US-China trade truce weighed on the market. The two countries agreed to a 90-day pause on most tariffs, easing global recession fears. Meanwhile, weak US economic data and slowing inflation have strengthened expectations of further interest rate cuts by the Federal Reserve later this year. On MCX, June gold futures surged past ₹94000, gaining over ₹1300 in early trade.

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%)