Gold struggled for direction in choppy trading on Friday en route to its worst week in nine months as the resumed its rally while investors took stock of the US Federal Reserve‘s hawkish outlook. Spot gold edged 0.2% down to $1,770.60 per ounce by 10:28 a.m. EDT (1428 GMT),...
LONDON: OPEC officials heard from industry experts that US oil output growth will likely remain limited in 2021 despite rising prices, OPEC sources said, giving it more power to manage the market in the short term before a potentially strong rise in shale output in 2022. Officials from OPEC’s...
Domestic gold and silver futures recovered some of the previous day’s losses on Friday as market participants looked past the US central bank’s surprise hawkish tilt. MCX gold futures (August 5) traded 0.56 per cent higher at Rs 47,220 per 10 grams in the early hours of the evening...
TOP 5 STOCKS TO WATCHOUT:- 1.APPLE: -Apple Inc said Thursday it will give $5 million to four historically Black universities to help expand their engineering programs for designing the chips that power electronic devices. Apple said the $5 million will be spread across Alabama A&M University, Howard University, in...
Facebook (NASDAQ:FB) is trading down 1.64% at 336.51 When Facebook (NASDAQ:FB) began testing its new “Neighbourhoods” feature in Canada last October amid the COVID-19 pandemic, the tech giant described it as a dedicated place for people to connect with their local communities. Here, in a corner of the world’s...
NEW DELHI: Zinc prices on Friday fell 0.09 per cent to Rs 233.35 per kg in the futures trade, as speculators reduced their exposure taking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for the June delivery traded lower by 20 paise, or 0.09...
NEW DELHI: Crude oil prices on Friday fell by Rs 13 to Rs 5,229 per barrel after the participants cut their positions. On the Multi Commodity Exchange, crude oil for the June delivery dropped by Rs 13, or 0.25 per cent, to Rs 5,229 per barrel with a business...
NEW DELHI: Gold in the national capital on Friday rose Rs 188 to Rs 46,460 per 10 gram reflecting recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,272 per 10 gram. Silver also jumped Rs 173...
European shares ended a touch lower on Thursday as hawkish signals from the U.S. Federal Reserve raised concerns over early policy tightening, with mining stocks falling the most as commodity prices tumbled. The pan-European STOXX 600 index was down 0.1% at 459.33, snapping a nine-day gaining streak, after the...
HANOI: London copper prices were set on Friday for their biggest weekly fall since March 2020 as the dollar firmed on the prospect of US interest rate hikes and after China announced a plan to sell part of its reserves of the metal. Three-month copper on the London Metal...