Gold prices are soaring, nearing record highs, fueled by expectations of a Federal Reserve rate cut amid a weakening U.S. labor market. Spot gold reached $3,649.54 per ounce, boosted by recent jobless claims data. UBS analysts predict a rise to $3,900/oz by mid-next year. Silver, platinum, and palladium also saw gains, with silver hitting a...Read More
American Treasury yields saw an increase on Friday. This happened even after weak economic data hinted at possible policy easing. The 10-year note yield hovered around 4%. Investors are awaiting retail sales data. The Federal Reserve meeting is scheduled next week. Markets anticipate a rate cut. The Fed’s future guidance remains uncertain.Read More
Investors anticipate the Federal Reserve will likely cut interest rates next week, potentially the first time in nine months, amid concerns about a weakening U.S. labor market. Despite recent inflation data, a rate cut is widely expected, with speculation focusing on the size of the reduction.Read More
Wall Street concluded its strongest week in five, hovering near record highs as investors anticipate a Federal Reserve interest rate cut. The S&P 500 remained relatively stable, while the Dow Jones Industrial Average declined, and the Nasdaq composite increased.Read More
The Securities and Exchange Board of India is set to ease Foreign Portfolio Investors entry norms. This move aims to counter their withdrawal from the Indian equity market. Sebi will also relax IPO issue sizes for large Indian companies. Insurance companies and pension funds will get a quota in IPO anchor books.Read More
The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday.Read More
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