gold

Skip gold this Akshaya Tritiya; consider THESE 5 alternative investment options, say experts

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Skip gold this Akshaya Tritiya; consider THESE 5 alternative investment options, say experts

Akshaya Tritiya 2024: Investing in gold has long been a tradition for investors seeking stability and security in their portfolios. However, there are alternative avenues that offer similar benefits with unique advantages. Diversifying investment portfolios with these alternative instruments alongside or instead of gold can enhance risk-adjusted returns and align with specific investment objectives and … Read more

Akshaya Tritiya 2024: Gold prices dip a bit ahead of festival — is this the right time to buy precious metal?

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Akshaya Tritiya 2024: Gold prices dip a bit ahead of festival — is this the right time to buy precious metal?

Gold prices on Wednesday saw a slight decline thanks to a strong dollar exerting pressure on prices. Investors remained cautious, awaiting US data to glean insights into potential rate cuts by the Federal Reserve. At 1335 GMT, spot gold experienced a slight decline of 0.19 per cent, reaching $2,309.29 per ounce. Simultaneously, US gold futures … Read more

Gold slips as US dollar strengthens, investors await Fed officials comments; silver trades flat

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Gold slips as US dollar strengthens, investors await Fed officials comments; silver trades flat

Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments.  Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% to $2,320.60 per ounce. The … Read more

Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision and jobs data

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Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision and jobs data

Investors will also closely watch Fed Chairman Jerome Powell’s press conference for insights on the US central bank’s future monetary policy path.  The Fed is widely expected to hold interest rates steady. The week will also see other economic data such as auto sales and ISM manufacturing, and earnings reports from a wide range of … Read more

Wall Street week ahead: Focus on US GDP data, earnings from Microsoft, Alphabet, Meta Platforms, Tesla

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Wall Street week ahead: Focus on US GDP data, earnings from Microsoft, Alphabet, Meta Platforms, Tesla

On Wall Street in the week ahead, the focus of stock market investors will be on the first quarter (Q1) US GDP data, the Federal Reserve’s preferred inflation gauge – the PCE (personal consumption expenditures) index, and quarterly financial results from Microsoft, Alphabet, Meta Platforms and Tesla. Market participants will also keep an eye on … Read more

Why Devina Mehra is bullish on silver

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Why Devina Mehra is bullish on silver

“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on industrial production is also looking good. So, all this put together bodes well for silver,” she says. Barring some legacy stock holdings, about 90% of Mehra’s investments are channeled through … Read more

Wall Street today: Dow Jones, S&P 500, Nasdaq surge led by megacaps

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Wall Street today: Dow Jones, S&P 500, Nasdaq surge led by megacaps

Wall Street: US stock indices surged on Wednesday bolstered by megacap stocks and positive corporate earnings. At 9:41 a.m. ET, the Dow Jones Industrial Average was up 146.74 points, or 0.39 per cent, at 37,945.71, the S&P 500 was up 20.02 points, or 0.40 per cent, at 5,071.43, and the Nasdaq Composite was up 71.46 … Read more

World markets today: US stocks mixed as Treasury yields advance

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World markets today: US stocks mixed as Treasury yields advance

Wall Street: US stocks were mixed on Tuesday as Treasury yields advanced amid conflict in Middle East. At 9:48 a.m. ET, the Dow Jones Industrial Average was up 87.56 points, or 0.23 per cent, at 37,822.67, the S&P 500 was down 13.26 points, or 0.26 per cent, at 5,048.56, and the Nasdaq Composite was down … Read more

Gold declines as dollar, yields strengthen following US retail sales data

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Gold declines as dollar, yields strengthen following US retail sales data

Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year. Spot gold saw a 0.5 per cent decrease, reaching $2,332.97 per ounce as of 10:18 … Read more

What gold’s new playbook is telling equity investors

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What gold’s new playbook is telling equity investors

At the end of the Mahabharata war, Yudhishthira, the leader of the Pandavas, is overwhelmed with guilt and grief over the massacre of his relatives. Looking to boost his flagging spirits, Lord Krishna and sage Vyasa advise him to perform the Ashvamedha Yagna—an extravagant and elaborate ceremony meant to demonstrate the suzerainty of Vedic kings. … Read more