One of the reasons why India and Indians weather global economic crises better than their global peers is due to their significant gold holdings. Gold tends to do well or at least offers a store of value during economic calamities. Whether it was the Great Financial Crisis of 2007-08 or the COVID-19 catastrophe, if you had gold in your portfolio.
2024 united states elections: Donald Trump closer to reclaiming the White House
Donald Trump won the battleground state of North Carolina on Tuesday, fending off a challenge from Kamala Harris, who was looking to flip the state and expand her pathways to 270 electoral votes. The former President also won the swing State of Georgia, returning its 16 electoral votes to the Republican column.
![Why the Stock Market is Down Today? [04 November 2024]](https://www.goldsilverreports.com/wp-content/uploads/2018/04/Stock-Market-x4s2x@goldsilverreports-GSR.jpg)
Why the Stock Market is Down Today? [04 November 2024]
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade on Monday. While BSE Sensex plunged over 1,400 points, Nifty50 went below the 23,900 mark. At 1:14 AM, BSE Sensex was trading at 78,526.57, down 1,198 points or 1.50%. Nifty50 was at 23,906.90, down 397 points or 1.64%.
MCX Gold Declines with US Election, Fed policy in focus; Experts’ Strategy for MCX Gold
Gold price today: Gold rates dropped significantly in the domestic futures market on Monday morning as investors exercised caution ahead of two critical events this week: the US election and the Federal Reserve’s policy announcement. Both are expected to significantly impact the movement of the US dollar, bond yields, and bullion prices going forward. MCX Gold for December 5 expiry traded 0.55 per cent down at ₹78,430 per 10 grams around 9:30 am.
![Gold Weekly Trading Levels [21 October 2024]](https://www.goldsilverreports.com/wp-content/uploads/2023/03/gold-price-forecast-30032023.webp)
![Spot Silver Update: Silver skyrockets as buyers eye $33.75 [21 October 2024]](https://www.goldsilverreports.com/wp-content/uploads/2023/08/2.webp)
Spot Silver Update: Silver skyrockets as buyers eye $33.75 [21 October 2024]
Spot Silver (XAG/USD) Update: The RSI is indicating increasing bullish momentum, with key resistance kye seen at $33.75 and $35.00.
Geopolitics, US election uncertainties drive gold’s record rally
Gold prices extended gains and scaled another record high on Monday, steered by elevated Middle East tensions and U.S. election uncertainty, while silver hit a near 12-year peak.
WTI appreciates to near $69.00 due to PBoC rate cuts, easing geopolitical tensions
West Texas Intermediate (WTI) Oil price edges higher following a more than 7% decline registered in the previous week, trading around $68.90 per barrel during the Asian hours on Monday. However, the downside may be limited as rate cuts in China, the largest Oil importer, are expected to stimulate domestic economic activity, potentially increasing demand for Oil. The People’s Bank of China (PBoC) lowered the 1-year Loan Prime Rate (LPR) to 3.10% from 3.35% and the 5-year LPR to 3.6% from 3.85%, aligning with expectations.