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MUMBAI: The economy gained momentum in Oct as manufacturing and services expanded on festive demand and the continuing impact of GST reforms, while inflation eased to a historic low and stayed well below target, RBI said in a report.“The fiscal, monetary, and regulatory measures undertaken so far this year should pave the way for a…
In the very short-term, spot gold will move as per the shifts in the December Fed rate cut probability. (AI image) Gold price prediction: Gold prices are likely to be influenced by the buzz around the prospect of the US Federal Reserve cutting rates in the coming reviews, says Praveen Singh, Senior Fundamental Research Analyst-…
File photo (Picture credit: AP) Asian equities began the week on a firmer footing as expectations for a US interest rate cut lifted sentiment across the region, even as oil prices slipped on progress in Russia-Ukraine peace efforts.Market confidence improved after New York Federal Reserve President John Williams indicated there was still “room for a…
Gold is likely to trade in a tight range in the near term as investors await key US economic indicators—including GDP and inflation data—and signals from the Federal Reserve’s December policy meeting that could define the direction of interest rates, analysts said, according to news agency PTI. They added that weekly US jobless claims, consumer…
US manufacturing slipped to a four-month low in November as tariffs pushed up prices and dampened demand. According to news agency Reuters, the slowdown caused a build-up of unsold goods, raising concerns that it may drag down wider economic growth. Manufacturing hit by rising prices and weak demand S&P Global said the flash US manufacturing…
As per retail price statistics from the Ministry of Consumer Affairs, the national average retail prices rose by 27% between October 19 and November 19. (AI image) Tomato prices have skyrocketed! Even as retail inflation hits a record low, tomato prices have soared anywhere between 25% to 100% in the last month. The cost of…
Asian markets jumped on Thursday as strong earnings from Nvidia lifted sentiment and eased fears of an AI-driven bubble, even as investors tempered expectations for a December rate cut following signals from the US Federal Reserve. According to news agency AFP, Nvidia’s quarterly results and upbeat comments from CEO Jensen Huang — who said “we…
Gold prices recovered in Wednesday’s futures trade after three straight sessions of losses, as traders engaged in value buying ahead of the release of the US Federal Reserve’s meeting minutes.On the Multi Commodity Exchange (MCX), December gold futures rose by Rs 674, or 0.55%, to Rs 1,23,314 per 10 grams in 10,726 lots. The February…
The Ministry of Road Transport and Highways has revised the fees for vehicle fitness tests, introducing a new age-based structure under the Central Motor Vehicles (Fifth Amendment) Rules, 2025. The biggest change is that the higher fee slabs now begin from the 10-year mark instead of 15 years, bringing many more vehicles under the updated…
Gold price prediction: Gold prices are expected to trade within a range as investors await global cues and US economic data. Buying on dips is advised, with support levels at $4050/$4000/$3936 and resistance at $4160/$4200/$4260. Silver also presents a dip-buying opportunity, with support at $50/$49.30/$47.50 and resistance at $52.30/$55. Source link
