Latest news with #AVP-Commodities&Currencies
Time of India
7 days ago
- Business
- Time of India
Gold price prediction today: Where is gold rate headed in the near-term & will silver outperform the yellow metal? Here's the outlook
Gold price prediction: Gold prices may see further consolidative moves trading in a tight range in near term. (AI image) Gold price prediction today: Gold prices will continue to be influenced by global economic outcomes in the shadow of US President Donald Trump's looming August 1, 2025 reciprocal tariff deadline. What should gold and silver investors do and what's the outlook for gold rates in the near term? Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold and silver investors: Gold traded steady to sideways while it ended last week with mild gains while Silver continued to outperform Gold on a weekly basis. This was despite investors growing increasingly convinced that the Federal Reserve will not cut interest rates any time soon. Uncertainty over President Donald Trump's trade tariffs kept the downside limited. Earlier in the last week, US economic data revealed mixed readings of inflation, with the Consumer Price Index (CPI) edging toward the 3% threshold, while the Producer Price Index (PPI), moved downwards. However, the release of stronger-than-expected Retail Sales indicated that most of the increase was due to higher prices resulting from tariffs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo Meanwhile Silver was supported on downside as Trump's 15 % - 20 % EU tariff threats & political pressure on Powell to cut rates fuelled higher safe-haven demand in white metal. The dollar's pullback following the yield decline last week & volatile trading driven by mixed US inflation data, political pressure on Fed Chair Jerome Powell & escalating trade tensions all kept Silver supported. For the current week, focus to remain on the trade negotiation outcome ahead of August 1 deadline, Fed official speeches including Powell speech, US macro data, including housing market, durable goods orders & Global PMI numbers. Gold Weekly View: Sideways to Slightly Positive Bias Trading Range: Rs 98,100 – 1,00,500 (CMP Rs. 99,345 / 10 gm.) Gold prices may see further consolidative moves trading in a tight range in near term. On the other hand, Silver could remain volatile while still preferred among both precious metals on strong fundamental tailwinds, falling yields, and tariff risk. Overall expectations still remain of silver prices to rise beyond $40 per ounce in the long run perspective this year as physical supplies tighten and investment demand grows at a steady rate. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
20-06-2025
- Business
- The Hindu
Rupee rises 14 paise to close at 86.59 against U.S. dollar
The Rupee appreciated by 14 paise to close at 86.59 (provisional) against the U.S. dollar on Friday (June 20, 2025) aided by a fall in global crude oil prices and a weakening greenback. A strong show in the domestic equity markets and FII inflows further supported the local unit, according to forex traders. At the interbank foreign exchange, the Rupee opened at 86.65 against the U.S. dollar and traded in a narrow range of 86.55-86.67 before settling at 86.59 (provisional), up 14 paise. The Rupee had lost 30 paise to close at an over two-month low of 86.73 against the dollar on Thursday (June 19, 2025), logging a combined loss of 69 paise during the past three sessions. "The Rupee eased today (June 20, 2025) but declined a little more than 1% this month so far, with a large portion of its decline occurring after Israel attacked targets in Iran last Friday(June 13, 2025). The attacks also raised concerns about disruption of global oil prices, sending Brent crude oil futures to a five-month peak around $79 per barrel," Maneesh Sharma, AVP-Commodities & Currencies, Anand Rathi Shares and Stock Brokers, said. "The local currency ... was comforted by a dip in oil prices after the White House said President Donald Trump will decide in the next two weeks whether the U.S. will get involved in the Israel-Iran war," Mr. Sharma said. Meanwhile, expectation that HDB Financial IPO is likely to witness significant inflows is seen as positive for the Rupee as broad range of 86.20-86.70 may persist during start of the next week, he added. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.30% lower at 98.60. In the domestic equity market, the 30-share BSE Sensex jumped 1,046.30 points to settle at 82,408.17, while Nifty surged 319.15 points to 25,112.40. Brent crude, the global oil benchmark, declined 2.36% to $76.99 per barrel in futures trade. Foreign institutional investors (FIIs) purchased equities worth ₹934.62 crore on a net basis on Thursday (June 20, 2025), according to exchange data.
