Author: Updates McxIndia

Gold symbolizes wealth that appreciates over time, never diminishes, and provides financial security during difficult times. In our country, people buy gold whatever the celebration is, and wonderfully there is one festive occasion in the Hindu calendar ‘Akshaya Tritiya’ when buying gold is considered auspicious. From the ancient times to the modern age, from the Read More

Gold prices inched higher on Monday to trade near a three-month peak hit last week after weaker-than-expected U.S. jobs data supported hopes that interest rates will remain low for some time, bolstering the metal’s appeal. Spot gold was up 0.1% at $1,832.26 per ounce by 0315 GMT, after hitting its highest since Feb. 11 at Read More

Oil prices edged up in early Asian trade after a 1% dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook while the surging pandemic in India capped prices. Brent crude futures for July were at $68.17 a barrel by 0052 Read More

Oil prices fell on Thursday as gasoline inventories in the United States, the world’s largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices. Brent crude oil futures fell by 16 cents, or 0.2%, to $68.80 barrel by 0123 GMT, and U.S. West Texas Intermediate (WTI) Read More

Gold prices slipped on Tuesday after hitting a seven-week high in the previous session, as a rise in U.S. Treasury yields eclipsed support from a weaker dollar. Spot gold was down 0.2% to $1,766.32 per ounce by 0245 GMT, after hitting its highest since Feb. 25 at $1,789.77 on Monday. U.S. gold futures eased 0.3% Read More

Oil prices rose in early trade on Wednesday, adding to overnight gains, after industry data showed U.S. oil inventories declined more than expected and OPEC raised its outlook for oil demand. Brent crude futures rose 28 cents, or 0.4%, to $63.95 a barrel at 0057 GMT, after climbing 39 cents on Tuesday. U.S. West Texas Read More

Oil rose on Monday amid hopes that fuel demand is picking up in the United States as the summer driving season approaches and the rollout of COVID-19 vaccinations there accelerates, though increasing case numbers in other countries are set to cap gains. Brent was up 25 cents, or 0.4%, at $63.20 a barrel by 0155 Read More

Gold prices rose on Thursday, as yields on longer-term U.S. Treasuries dropped along with the dollar after the Federal Reserve in its latest policy meeting minutes reinforced expectations that interest rates would remain low for some time. Spot gold gained 0.3% at $1,741.85 per ounce. U.S. gold futures rose 0.1% to $1,742.90 per ounce. “Gold Read More

Copper prices were steady at Rs 668.05 per kg on April 1 as participants increased their short positions as seen by the open interest. The base metal traded in the negative territory after a gap-down open, tracking muted global cues. The non-ferrous metal has been trading higher than 50, 100 and 200 days’ moving averages Read More