Gold rate today: Yellow metal remains elevated as easing US inflation fuels US Fed rate cut buzz

Gold rate today: Yellow metal remains elevated as easing US inflation fuels US Fed rate cut buzz

Gold rate today: The release of the US CPI data significantly impacted gold prices, leading to a continued rally on Friday last week. The MCX gold rate closed higher at ₹76,307 per 10 gm, while the spot gold price surged over one per cent to $2,657.26 per ounce. The COMEX gold price also saw a … Read more

Nifty IT soars 5% on strong TCS Q1 earnings, Fed rate cut hopes; nears all-time high

Nifty IT soars 5% on strong TCS Q1 earnings, Fed rate cut hopes; nears all-time high

Indian IT stocks are performing exceptionally well today, with many trading with gains of up to 6%. This surge is attributed to TCS’s strong Q1 earnings and the anticipation of a Fed rate cut. All 10 constituents of the index are in positive territory, led by Coforge, which has gained 6.1%, followed by Mphasis and … Read more

Bitcoin plunges 3.7% to $66,870; here’s why its falling

Bitcoin plunges 3.7% to $66,870; here's why its falling

World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, it has struggled to achieve … Read more