Gold Set for Steepest Monthly Drop in 17 Years as Investors Flock to the ‘King Dollar’

Gold rose on Tuesday but stayed on track for its biggest monthly drop in more than 17 years as investors flocked to the dollar as the favoured safe haven amid the Middle East war that has raised inflation fears and bets for hawkish monetary policy response.Spot gold climbed 0.9%

Read More

  • Related Posts

    Gold Faces Biggest Monthly Drop Since Late 2008 On Hawkish Fed Stance

    Gold prices fell over 1% on Tuesday and were set for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of US interest rate hikes to tame elevated inflation.Spot gold declined 1.5% to $3,956.92 per ounce by 0221 GMT, shedd Read More

    Stock Market Outlook: How Nifty 50, Sensex Will Trade On June 30?

    The Indian benchmark stock market indices, Nifty 50, and Sensex, are likely to witness a gap down opening on a Tuesday, June 30, tracking a rally in global markets amid looming  tensions over the US-Iran peace deliberations.The trends on Gift Nifty are indicative of a nearly posi Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *