Gold prices dipped slightly as investors awaited the results of the U.S. election and the Federal Reserve’s upcoming meeting. The Fed is widely expected to announce another interest rate cut, which could impact gold prices. Meanwhile, economic data showed a widening U.S. trade deficit and strong services activity in China.
Posts in category All News
Trump Team Revokes Election Party Access for Some Journalists (06-11-2024)
A reporter for Puck and other journalists were barred after critical coverage of the campaign.
US stock futures, dollar firm in Asia as US results trickle in (06-11-2024)
U.S. stock futures, the dollar, and Treasury yields saw an uptick in Asian markets as early U.S. election results remained tight. While initial state wins were largely predictable, some betting sites shifted odds towards Trump, triggering market movements reminiscent of his previous term. Despite the uncertainty, futures markets indicated continued confidence in an impending Federal Reserve interest rate cut.
Dollar dips as US voters head to polls (06-11-2024)
The US dollar dropped as voters went to cast their ballots in the US elections. The election results were expected to impact the dollar’s value. The dollar’s fall came despite predictions of a win for a particular candidate. Market analysts observed cautious sentiment among investors. The outcome of the Federal Reserve’s meeting was also a point of interest for traders.
GIFT Nifty down 35 points; here’s the trading setup for today’s session (06-11-2024)
The underlying short-term trend of Nifty is on the verge of reversal. A decisive move above 24500 levels could open fresh upmove in the market. Any weakness from here is expected to drag Nifty down to 23900-800 levels again, said Nagaraj Shetti of HDFC Securities.
Stocks in news: Hindustan Zinc, GAIL, Titan, Dr Reddy’s, Apollo Hospitals (06-11-2024)
GAIL (India) on Wednesday reported 11% growth in its standalone net profit at Rs 2,672 crore for the September quarter. This was Rs 2405 crore in the last year quarter.