Moneycontrol gold

Gold prices cooled off on June 10, dropping by up to Rs 130 in Delhi, a day after it climbed by Rs 440. The 24 carat-yellow metal was trading at Rs 60,700 in the national capital, down from Rs 60,830 a day earlier. In Mumbai, both 24KT and 22KT gold prices dropped by Rs 100, and were trading at Rs 60,550 and Rs 55,500 per 10 gram, respectively. Globally, gold eased on June 9 on a stronger dollar and higher yields but was set for its best week since early May after weaker jobs data bolstered bets for the Federal Reserve to hold pat on interest rates next week. Spot gold had fallen by 0.3 percent to $1,961.39 per ounce. However, it was headed for a 0.7 percent weekly climb, helped by a 1.5 percent jump on June 8 after a surge in the US weekly jobless claims. "Gold is oscillating in a $1,940-$1,990 range and is likely to remain so until inflation data and the Fed result next week," said Tai Wong, a New York-based independent metals trader, adding that the bullion remains "more sensitive to weak or dovish economic data." The dollar index bounced off two-week lows, making gold expensive for overseas buyers, while higher 10-year Treasury yields made zero-yield bullion less attractive. Global markets now priced in a 72 percent chance of the US Federal Reserve standing pat next week, but odds of a hike in July were 67 percent, the CME Fedwatch tool showed. Traders braced for the US inflation report for May due on June 13, a day before the Fed announces its policy decision. Gold pr...

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. There are 5 reasons why Nvidia stock is a top pick even after its monster AI-fueled rally, according to Bank of America • Nvidia stock remains a "top pick" at Bank of America even after its AI-fueled, year-to-date rally of 163%. • After meeting with Nvidia's CFO, one the bank's main takeaways was that demand for the company's AI chips appears "sustainable." • These are five reasons why Bank of America has confidence in its $500 price target on Nvidia. Even after The bank rates Nvidia stock at a "Buy" with a $500 price target, representing potential upside of 29% from current levels. BofA After an investor meeting with Nvidia's CFO and senior vice president of gaming, Bank of America analyst Vivek Arya concluded that demand for the semiconductor company's AI chips like the H100 appears sustainable, which is an encouraging sign for investors who are betting generative AI has more lasting power than Web 3.0 or the metaverse. These are the five reasons why Arya is staying bullish on Nvidia, according to a Wednesday note. 1. "Reassured that Nvidia's recent surge of demand in data center is unique and sustainable with no evidence of pull-ins or customer/regional concentration risk." 2. "Mix tailwinds in second half as more customers move to latest-gen/transformer optimiz...

• 12:11p European stocks climb Friday • 12:07p Here’s a big reason you can expect bonds to start outperforming stocks • 12:01p U.K. stocks extend winning streak for fifth session • 12:01p ‘My daughter will be disappointed if I don’t take her to Taylor Swift’: White House targets junk fees — but why do we pay them? • 11:56a ‘It feels like a heavy burden’: My husband asked me to sell my $14,000 engagement ring to pay off our debt. Is he asking too much? • 11:55a ‘I cannot accept this as an alternative for working families’: Americans could see big changes to their standard deduction • 11:54a Oracle makes health unit layoffs, report says • 11:42a Humana is latest health insurer to warn of higher costs from pandemic-delayed procedures • 11:39a Stock-market rally stalls as S&P 500 threatens to snap 6-day winning streak • 11:36a This ‘Fitbit’ for tree health saves homeowners money and helps fight climate change • • to be replaced Key Data • Open $16.63 • Day Range 16.49 - 16.79 • 52 Week Range 13.01 - 20.75 • Market Cap $28.88B • Shares Outstanding 1.76B • Public Float 1.74B • Beta 0.32 • Rev. per Employee $471.48K • P/E Ratio 270.24 • EPS $0.06 • Yield 3.31% • Dividend $0.10 • Ex-Dividend Date May 30, 2023 • Short Interest 27.67M 05/31/23 • % of Float Shorted 1.59% • Average Volume 16.17M Barrick Gold Corp. Barrick Gold Corp. engages in the production and sale of gold, copper, and related activities. It also provides exploration and mining development. It operates through the f...

Gold, a precious metal, mostly appears in alloys and only rarely in its pure form. Because of its physical properties, it is resistant to air, moisture, heat and many solvents. Gold also has a high density. Gold is regarded as a secure investment and is very popular as a means of coverage in times of crisis. Its high value and its rarity and uniqueness make gold a secure financial investment which also withstands inflation. (read more) Gold was extracted in Egypt as early as 2000 B.C. and the first gold coins were minted in 50 B.C. in Rome. This shows that people have always been fascinated by gold and by its rarity, durability and beauty. Because of its properties, gold is also one of the most important industrial raw materials. The yellow precious metal is easily workable and conducts electricity and heat. Because of its excellent conductivity, gold is used particularly in the electrical industry. Gold has also been used in dental technology for around 3000 years. However, gold is used most frequently in the jewelry industry. This line of business accounts for around 75 per cent of the gold worked. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents. With a market share of 16 per cent, South Africa is the most important producer of gold. Global stocks of gold have continuously increased in recent decades and are currently at their highest level. This is also due to the fact that gold, unlik...

Gold prices cooled off on June 10, dropping by up to Rs 130 in Delhi, a day after it climbed by Rs 440. The 24 carat-yellow metal was trading at Rs 60,700 in the national capital, down from Rs 60,830 a day earlier. In Mumbai, both 24KT and 22KT gold prices dropped by Rs 100, and were trading at Rs 60,550 and Rs 55,500 per 10 gram, respectively. Globally, gold eased on June 9 on a stronger dollar and higher yields but was set for its best week since early May after weaker jobs data bolstered bets for the Federal Reserve to hold pat on interest rates next week. Spot gold had fallen by 0.3 percent to $1,961.39 per ounce. However, it was headed for a 0.7 percent weekly climb, helped by a 1.5 percent jump on June 8 after a surge in the US weekly jobless claims. "Gold is oscillating in a $1,940-$1,990 range and is likely to remain so until inflation data and the Fed result next week," said Tai Wong, a New York-based independent metals trader, adding that the bullion remains "more sensitive to weak or dovish economic data." The dollar index bounced off two-week lows, making gold expensive for overseas buyers, while higher 10-year Treasury yields made zero-yield bullion less attractive. Global markets now priced in a 72 percent chance of the US Federal Reserve standing pat next week, but odds of a hike in July were 67 percent, the CME Fedwatch tool showed. Traders braced for the US inflation report for May due on June 13, a day before the Fed announces its policy decision. Gold pr...

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. There are 5 reasons why Nvidia stock is a top pick even after its monster AI-fueled rally, according to Bank of America • Nvidia stock remains a "top pick" at Bank of America even after its AI-fueled, year-to-date rally of 163%. • After meeting with Nvidia's CFO, one the bank's main takeaways was that demand for the company's AI chips appears "sustainable." • These are five reasons why Bank of America has confidence in its $500 price target on Nvidia. Even after The bank rates Nvidia stock at a "Buy" with a $500 price target, representing potential upside of 29% from current levels. BofA After an investor meeting with Nvidia's CFO and senior vice president of gaming, Bank of America analyst Vivek Arya concluded that demand for the semiconductor company's AI chips like the H100 appears sustainable, which is an encouraging sign for investors who are betting generative AI has more lasting power than Web 3.0 or the metaverse. These are the five reasons why Arya is staying bullish on Nvidia, according to a Wednesday note. 1. "Reassured that Nvidia's recent surge of demand in data center is unique and sustainable with no evidence of pull-ins or customer/regional concentration risk." 2. "Mix tailwinds in second half as more customers move to latest-gen/transformer optimiz...

• 4:26p How U.S. financial markets have performed in the past 15 months as Fed rate hikes fueled wild swings • 4:25p Barron's SoFi, iRobot, Cava, Virgin Galactic, and More Stock Market Movers • 4:23p Intel’s stock rocks best week in nearly 14 years as analyst notes a ‘material AI opportunity’ • 4:20p Breaking Nikola to lay off about 10% of its workforce • 4:15p Barron's Rockefeller Recruits 3 Teams From First Republic, Truist • 4:09p The next step in California’s reparations push is ‘the most thrilling’ and Americans could see big changes to their standard deduction • 4:06p ‘Make friends with this technology’: Yes, AI is coming for your job. Here’s how to prepare. • 4:04p Breaking S&P 500 snaps 6-day winning streak ahead of holiday weekend • 4:03p Your family’s meat might not be antibiotic-free, despite what it says on the label • 4:03p Nvidia is the only near-term ‘beat and raise’ chip maker when it comes to AI, analyst says • • to be replaced Key Data • Open $16.63 • Day Range 16.49 - 16.79 • 52 Week Range 13.01 - 20.75 • Market Cap $28.88B • Shares Outstanding 1.76B • Public Float 1.74B • Beta 0.32 • Rev. per Employee $471.48K • P/E Ratio 271.71 • EPS $0.06 • Yield 3.29% • Dividend $0.10 • Ex-Dividend Date May 30, 2023 • Short Interest 27.67M 05/31/23 • % of Float Shorted 1.59% • Average Volume 16.17M Barrick Gold Corp. Barrick Gold Corp. engages in the production and sale of gold, copper, and related activities. It also provides exploration and mining development. It o...

Gold, a precious metal, mostly appears in alloys and only rarely in its pure form. Because of its physical properties, it is resistant to air, moisture, heat and many solvents. Gold also has a high density. Gold is regarded as a secure investment and is very popular as a means of coverage in times of crisis. Its high value and its rarity and uniqueness make gold a secure financial investment which also withstands inflation. (read more) Gold was extracted in Egypt as early as 2000 B.C. and the first gold coins were minted in 50 B.C. in Rome. This shows that people have always been fascinated by gold and by its rarity, durability and beauty. Because of its properties, gold is also one of the most important industrial raw materials. The yellow precious metal is easily workable and conducts electricity and heat. Because of its excellent conductivity, gold is used particularly in the electrical industry. Gold has also been used in dental technology for around 3000 years. However, gold is used most frequently in the jewelry industry. This line of business accounts for around 75 per cent of the gold worked. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents. With a market share of 16 per cent, South Africa is the most important producer of gold. Global stocks of gold have continuously increased in recent decades and are currently at their highest level. This is also due to the fact that gold, unlik...

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. There are 5 reasons why Nvidia stock is a top pick even after its monster AI-fueled rally, according to Bank of America • Nvidia stock remains a "top pick" at Bank of America even after its AI-fueled, year-to-date rally of 163%. • After meeting with Nvidia's CFO, one the bank's main takeaways was that demand for the company's AI chips appears "sustainable." • These are five reasons why Bank of America has confidence in its $500 price target on Nvidia. Even after The bank rates Nvidia stock at a "Buy" with a $500 price target, representing potential upside of 29% from current levels. BofA After an investor meeting with Nvidia's CFO and senior vice president of gaming, Bank of America analyst Vivek Arya concluded that demand for the semiconductor company's AI chips like the H100 appears sustainable, which is an encouraging sign for investors who are betting generative AI has more lasting power than Web 3.0 or the metaverse. These are the five reasons why Arya is staying bullish on Nvidia, according to a Wednesday note. 1. "Reassured that Nvidia's recent surge of demand in data center is unique and sustainable with no evidence of pull-ins or customer/regional concentration risk." 2. "Mix tailwinds in second half as more customers move to latest-gen/transformer optimiz...

Gold prices cooled off on June 10, dropping by up to Rs 130 in Delhi, a day after it climbed by Rs 440. The 24 carat-yellow metal was trading at Rs 60,700 in the national capital, down from Rs 60,830 a day earlier. In Mumbai, both 24KT and 22KT gold prices dropped by Rs 100, and were trading at Rs 60,550 and Rs 55,500 per 10 gram, respectively. Globally, gold eased on June 9 on a stronger dollar and higher yields but was set for its best week since early May after weaker jobs data bolstered bets for the Federal Reserve to hold pat on interest rates next week. Spot gold had fallen by 0.3 percent to $1,961.39 per ounce. However, it was headed for a 0.7 percent weekly climb, helped by a 1.5 percent jump on June 8 after a surge in the US weekly jobless claims. "Gold is oscillating in a $1,940-$1,990 range and is likely to remain so until inflation data and the Fed result next week," said Tai Wong, a New York-based independent metals trader, adding that the bullion remains "more sensitive to weak or dovish economic data." The dollar index bounced off two-week lows, making gold expensive for overseas buyers, while higher 10-year Treasury yields made zero-yield bullion less attractive. Global markets now priced in a 72 percent chance of the US Federal Reserve standing pat next week, but odds of a hike in July were 67 percent, the CME Fedwatch tool showed. Traders braced for the US inflation report for May due on June 13, a day before the Fed announces its policy decision. Gold pr...