New Delhi, December 26: Indian stock markets opened cautiously on Friday after the Christmas holiday, with benchmark indices Sensex and Nifty 50 trading in a narrow range. Analysts highlighted key resistance and support levels as traders adopted a level-driven approach amid subdued volumes. Market Recap On December 24, the Sensex…
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Gold price dips as dollar tops 100; MCX gold near ₹1,22,800
Gold prices on the Milti Commodity Exchange (MCX) slipped in early trade on Thursday after a stronger US dollar and the Federal Reserve’s October meeting minutes cooled expectations for a December rate cut. MCX December gold futures were trading around ₹1,22,768 per 10 grams in morning trade, while silver futures…
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Gold’s Appeal Grows with Fed Rate Cut Hopes and Dollar Softness
Gold prices edged higher on Friday, supported by a softer U.S. dollar and rising market expectations that the Federal Reserve will cut interest rates again before the year ends. The move reinforced gold’s traditional status as a safe-haven asset amid economic uncertainty. At 13:15 GMT, spot gold climbed 0.5% to…