Topic
weekly loss
Commodities Gold, Silver Rate Today: Yellow Metal Steadies but Remains on Track for Weekly Loss as Silver Tumbles
Gold prices in India slipped for the fourth consecutive session on Thursday, with 10 grams falling Rs 350 to Rs 1,48,100, amid a stronger rupee and subdued local demand. International spot gold steadied near $4,122 per ounce but remained on track for a weekly loss of over 1%. Meanwhile, silver prices tumbled Rs 7,800 to Rs 2,32,000 per kg in the domestic market. Market attention remains on US economic data and Federal Reserve policy signals.
Business AI Stocks Sink Again, Pulling Wall Street Towards Weekly Loss as S&P 500 Falls 0.6%
Wall Street fell on Friday as another sharp selloff in AI-linked stocks pushed the S&P 500 towards its second weekly decline in 13 weeks. The S&P 500 dropped 0.6%, the Nasdaq Composite fell 1%, and the Dow lost 223 points. Losses were led by Micron Technology (-5.5%), while Asian markets also tumbled, with Japan's Nikkei down 4.2% and South Korea's KOSPI off 5.8%.
Commodities Gold Set for Weekly Loss as Inflation, Rate Hike Fears Persist
Gold prices declined on Friday, heading for a weekly loss as concerns over inflation and potential US Federal Reserve interest rate hikes pressured the market. Spot gold fell 0.5% to $4,191.17 per ounce, while US gold futures rose 2.4% to $4,212.70. The price action was driven by geopolitical headlines, including President Trump's decision to call off military strikes on Iran.