archiveGold

Wall Street pundits and investors are schizophrenic about US assets. The dollar weakened after Moody’s cut the United States’ credit rating, citing the increasing fiscal deficit, as well as the rising interest costs on government debt.On the other hand, the S&P 500 not only recovered after US President Donald Trump’s April tariff shock, but is now less than 5 per cent off its record high in February. Nevertheless, 30-year US Treasury yields recently exceeded 5 per cent per annum, indicating investors’ nervousness about US deficits and debt sustainability.While Financial Times...

On March 6, 2025, U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin reserve and digital asset stockpile for the United States government. Within this executive order, Trump refers to the notion that Bitcoin is akin to “digital gold.”  Cryptocurrency enthusiasts often refer to Bitcoin as “digital gold” and consider both as equal forms of sound money. In reality, gold and Bitcoin are quite different in asset quality and in terms of their hierarchy as sound money.  Digital assets vs real assets According to Investopedia, a digital asset, such as Bitcoin, is...

Gold prices climb for the third consecutive session amid a softer dollar and geopolitical tensions. NEW YORK, May 22: Gold prices rose for a third straight session on Wednesday, reaching a one-week high, supported by a weakening US dollar and growing safe-haven demand amid ongoing economic and geopolitical uncertainty.As of 1:55 p.m. ET (5:55 p.m. GMT), spot gold gained 0.7% to trade at $3,312.77 per ounce, while US gold futures closed 0.9% higher at $3,313.50.The US dollar index (.DXY) fell 0.6% against a basket of major currencies, making gold more...

US Stock Market Highlights: The S&P 500 closed higher, marking a five-session winning streak with a 5.3% weekly gain. The Nasdaq rose 0.52%, up 7.2% for the week, led by tech stocks amid easing US-China trade tensions.US Stock Market Live: The S&P 500 closed higher on Friday, extending its winning streak to five sessions and posting a strong weekly gain of 5.3%. The Nasdaq Composite rose 0.52% to end at 19,211.10, surging 7.2% for the week, while the Dow Jones Industrial Average added 331.99 points, or 0.78%, to finish at...

US Stock Market Live: The Dow Jones opened lower but rose 50 points. S&P is up 11 points, and Nasdaq is up 50 points. Stocks gained as bond yields fell, but Fed chair warned rates may stay high. Trump announced major FDI.US Stock Market Live: The Dow Jones Industrial Average has opened Friday's trading session on Wall Street in the red, trading 80 points lower, before it ticked up into the green, rising 50 points. Meanwhile, S&P is marginally up, 11 points, and the Nasdaq Composite Index is up 50...

US Stock Market Live: Futures on Wall Street are trading with gains indicating a positive start for Wall Street on the final trading day of the week. The Dow futures are up 150 points, while the S&P 500 and Nasdaq futures are up 15 points and 50 points respectively. Stocks had received a boost on Thursday as bond yields fell in anticipation of more rate cuts from the US Federal Reserve, after some disappointing macro data. Watch this space for all live updates.US Stock Market Live: Futures on Wall Street...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,842.47 Indian Rupees (INR) per gram, down compared with the INR 8,908.96 it cost on Thursday. The price for Gold decreased to INR 103,144.70 per tola from INR 103,911.70 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,842.47 10 Grams 88,424.86 Tola 103,144.70 Troy Ounce 275,022.80   Daily Digest Market Movers: Gold price bulls refrain from placing aggressive bets amid trade optimism The US and China...

US Stock Market Updates: The S&P 500 climbed 0.72% to close at 5,886.55 on Tuesday (May 13), recovering into positive territory for the year as easing US-China trade tensions lifted investor sentiment for a second straight session. The tech-heavy Nasdaq Composite outperformed, jumping 1.61% to end at 19,010.08, powered by strong gains in chip stocks. However, the Dow Jones Industrial Average slipped 269.67 points, or 0.64%, weighed down by an 18% plunge in UnitedHealth shares.US Stock Market Updates: The S&P 500 climbed 0.72% to close at 5,886.55 on Tuesday (May...

US Stock Market Live: US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his reciprocal tariff program for 90 days. The Dow futures are down 80 points, while the S&P 500 and Nasdaq futures are down 15 points and 70 points respectively. In regular trading on Monday, the Dow rose nearly 1,200 points after US and China announced that they will reduce tariffs on...

Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 8,839.07 Indian Rupees (INR) per gram, broadly stable compared with the INR 8,830.46 it cost on Monday. The price for Gold was broadly steady at INR 103,099.20 per tola from INR 102,996.80 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,839.07 10 Grams 88,391.52 Tola 103,099.20 Troy Ounce 274,926.00   Daily digest market movers: Gold prices pressured by high US Treasury yields US Treasury...