Gold prices experienced an upward movement, concluding with a gain of 0.83% at Rs 137,885 after reaching a new all-time high, bolstered by anticipations of a more accommodative US monetary policy and increased geopolitical tensions. Market confidence has bolstered regarding the Federal Reserve’s potential implementation of two 25-basis-point rate cuts in the upcoming year, as Read More
Gold prices experienced a significant increase, rising by 1.9% to finish at Rs 136,744, following a peak at a record high. This movement was largely influenced by escalating geopolitical tensions and anticipations regarding future Federal Reserve rate reductions. The rally has been bolstered by persistent investment demand, as evidenced by gold-backed ETFs experiencing five consecutive Read More
Zinc prices experienced a decrease of 0.59%, concluding at Rs 302.45. This decline was primarily driven by an unexpected increase in supply from China, coupled with renewed apprehensions regarding domestic demand. In November, China’s zinc production experienced a year-on-year increase of 13.3%, reaching 654,000 metric tons, highlighting a significant near-term supply surplus. Weak Chinese macro Read More
Gold prices experienced a slight decline, closing down by 0.28 per cent at Rs 134,521, as traders took profits following the recent rally, even in the context of a generally favorable macroeconomic and geopolitical environment. The yellow metal maintains its foundational support due to anticipations of additional U.S. monetary easing and ongoing global uncertainties. Federal Read More
Gold prices increased by 0.36 percent to close at Rs 134,894, as investors continued to consider the likelihood of further monetary easing by the US Federal Reserve in the coming year. Recent US labour market data indicated a continued cooling trend, as the unemployment rate unexpectedly increased to 4.6 percent in November, while wage growth Read More
