China, traditionally one of Asia’s biggest consumers of gold alongside India, appears to be turning its back on the yellow metal, according to Christopher Wood, Global Head of Equity Strategy at Jefferies. In his latest “Greed & Fear” report, Wood outlines the signs of weakening Chinese demand, reflecting a shift […]
commodities
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at ₹68,801 per 10 grams, while MCX […]
Domestic brokerage house Motilal Oswal Financial Services (MOFSL) has revised its target price for silver, recommending a ‘buy on dips’ strategy. In a recent note, MOFSL set a new target price of ₹1,25,000 from a 12-15 month perspective, reflecting increased confidence in the precious metal’s performance. Silver, traditionally considered a […]
Corporate investments in fixed assets remained robust during FY24, despite the hike in interest rates, backed by their cash flows. A Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased […]
Oil prices surged approximately 2% to reach a one-week peak on Monday, driven by optimism surrounding increased fuel demand anticipated during the summer months, despite the strengthening of the U.S. dollar and expectations that the Federal Reserve (Fed) will maintain higher interest rates for an extended period. Brent futures climbed […]
In a recent report, brokerage house Emkay said that it believes that the immediate range for Brent is projected between $83 and $92 per barrel, with continued assessment needed for affirmation in the coming months. Analysing the current state of Brent oil prices, the brokerage highlighted that their recent range-bound […]
The rally in the previous metal prices has been led by strong fundamentals and geopolitical tensions, and analysts believe MCX silver rate may touch ₹1,00,000 per kg soon. “Silver price has breached $31 level and the next target is set at $34 level. Thus, we believe the silver rate to […]
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long […]
Gold rate on Multi Commodity Exchange (MCX) rose and Silver price jumped above 91,100 level tracking gains in international bullion prices amid interest rate cut hopes. MCX gold rate rose 0.05%, or by ₹39, to ₹73,750 per 10 grams on Friday. The yellow metal made a high of ₹73,782 and […]
Gold rate in India ended flat on Friday, while the international gold prices witnessed their best week in five led by weaker US jobs data this week that reinforced hopes for interest rate cut by the US Federal Reserve. On Friday, MCX gold price ended 0.01% lower at ₹72,722 per […]