With US election uncertainties behind us and the Fed cutting rates as anticipated, gold prices are experiencing profit-taking amid a lack of new catalysts.
Ananya
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 Monthly Forecast: Gold’s rally is just getting started
Gold Monthly Forecast: We believe the most anticipated US rate cut in decades will bring fresh impetus to gold prices. We have revised our gold forecast higher, and we now expect prices to average $2,700 in 2025.
When is Diwali festival in 2024: Date, Timings, History and More
Introduction to Diwali (Deepavali) Festival: Diwali, also known as the Festival of Lights, is one of the most significant festivals in Hindu culture. Celebrated by millions across India and around the world, Diwali symbolizes the victory of light over darkness and good over evil. This vibrant festival holds profound cultural and spiritual importance, featuring an array of traditions that highlight themes of renewal, prosperity, and illumination.