FOLLOW US :
  • |
  • |

Equity

Daily Market Tracker
Market Analysis
Other Markets
Corporate Actions
News
Corporate Information

Other Markets

Back
Gold Bounces Back Above $2340 as Investors Await US GDP Data
(25-Apr-2024, 13:59 Hours IST)  
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

IMPORTANT LINKS

QUICK LINKS

FOR GRIEVANCE MAIL TO invgrieviss@iseindia.com

BSE EQUITIES : INB011077733 | NSE F&O EQUITIES : INF231077737 | NSE CASH MARKET : INB231077737 | NSE CURRENCY DERIVATIVES : INE231077737 | MCX-SX : INE261077737

ISS Enterprise Limited [Erstwhile: ISE Securities & Services Limited], a wholly owned subsidiary of Inter-connected Stock Exchange of India Ltd. (ISE)

© 2013 ISS Enterprise Limited [Erstwhile: ISE Securities & Services Limited]. All rights reserved.

Designed, developed & powered by C-MOTS Infotech (ISO 9001:2008 certified)