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However the losses were capped on account of slippages in dollar index (DXY) which was hovering around 104.69 against a basket of six top global currencies, down by 0.07%. The MCX October gold futures were trading down by Rs 45 or 0.08% from the Wednesday's closing price at Rs 58,548 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,160 per kg, higher by Rs 259 or 0.61%. On Comex, Gold futures were trading at $1,934 per troy ounce on Thursday, down by $1.10 or 0.06% while Silver futures were at $23.215, higher by $0.187 or 0.800%. The October Gold futures had ended with declines of Rs 31 or 0.05% per 10 gram at Rs 58595 on Wednesday while the December Silver futures closed lower at Rs 71,410, down by Rs 524 per kg or 0.73%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking sees bullions making bottom on the daily charts and trading near demand zone with momentum indicator RSI indicating the same. His advice to investors is to make fresh buy positions in gold and silver futures near the support level of Rs Rs 58,500-58,300 while recommending profit booking near the resistance level of Rs 58,800-59,000. Gold futures are down 1.32% or by Rs 781 on the month-to-date basis while they have gained 6.50% or by Rs 3,576 on the year-to-date basis, Anuj Gupta, Head Commodity & Currency at HDFC Securities, of HDFC Securities told ETMarkets. As for silver futures, the declines are to the tune of 5.63% or Rs 4,263 in September while the gains this year stand at 2.89% or Rs 2,006, he said. The physical price of gold in top Indian cities like Delhi and Ahmedabad is around Rs 59,700 per 10 gram while Rs 72,500 for silver.Click to know more Intraday Trading Strategy by Anuj

rapid expansion of its infrastructure. This sector has played a pivotal role in bolstering the nation's economic landscape, making substantial contributions to its GDP, and offering gainful employment opportunities to millions of individuals. Out of the blue on Monday this week, shares of Vallabh Steels, Prakash Industries, Jindal Stainless, Steel Authority of India, and Steel Exchange of India surged by an impressive 11%.

Mark Karpelès, the former CEO of the collapsed exchange Mt. Gox, seems to have little in the way of sympathy for former FTX CEO Sam Bankman-Fried, who’s been trying to get released from prison to prepare for his upcoming trial, citing poor internet. 

Jaahnavi Kandula was killed in January after she was struck by a police vehicle driven by Officer Kevin Dave. As per Seattle Times newspaper, he was driving at 74 mph (more than 119 kmph) on the way to a report of an overdose. In bodycam footage released on Monday by the Seattle Police Department, Officer Daniel Auderer laughed about the deadly crash and dismissed any implication Dave might be at fault or that a criminal investigation was necessary.

inflation data. The local currency opened at 82.97 a dollar as compared to previous close of 82.99. The dollar index was flat at 104.78, roughly at the same level it was prior to the US inflation data.

Indian stock market is likely to open higher on Thursday led by positive global cues as the Asian markets traded higher while US stocks ended mixed overnight. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading higher at 20,183 level as compared to the Nifty futures’ previous close of 20,129.

Also read: Kim Jong Un extends ‘full support’ to Vladimir Putin's ‘just fight’ in Ukraine Kim left Pyongyang for Russia on Sunday on board his train. Kim does not travel abroad frequently, making just seven trips away from his country and twice stepping across the inter-Korean border in his 12 years in power.

ANI. In the briefing, Miller also added that there is a "possibility" of weapons flowing two ways between Russia and North Korea, as he underlined how war unleashed by Russia President Vladimir Putin on Ukraine resulted in the loss of billions of dollars as well as thousands of Russian soldiers.

European Union may have just sparked one of its biggest battles. With European officials fearing millions of auto jobs are at risk from China’s surging electric vehicle exports, the bloc’s executive arm on Wednesday launched an investigation into Beijing’s financial support for the EV industry. The probe, which could take up to nine months, will probably lead to new EU tariffs on Chinese EV imports and embroil major non-European automakers like Tesla Inc., which produce cars in China for export to the bloc. The move may lead to tariffs close to the 27.5% level already imposed by the US on Chinese EVs, according to a person familiar with the matter. The EU duties could vary depending on the producer, the person added, asking not to be identified as the discussions are private and no decision has been finalized. The bloc’s investigation, as well as aggressive moves by Washington to counter China, are part of a broader rethink by governments in developed economies to bring production closer to home, especially for key sectors like semiconductors, pharmaceuticals and heavy industries, which were disrupted during the Covid-19 pandemic. That drive to secure supply chains, combined with the tensions after Russia’s invasion of Ukraine, has resulted in a simultaneous rush to throw up trade barriers, triggering fears of a global economic fragmentation.Major Market If the EU does impose duties, that would curtail one of the last major markets for Chinese EV exports, and raises the prospect of a cascade of defensive moves in places like the UK to protect their markets being flooded by vehicles redirected from the EU. Shares of Chinese electric vehicle makers staged a mix performance Thursday with BYD Co Ltd.

Biden late on Wednesday brushed off the House Republicans' impeachment inquiry, saying the way he sees it, they launched the investigation against him because they want to shut down the federal government. Biden, speaking at a Democratic fundraiser in Virginia, said that instead of being concerned about the probe, «I'm focused on the things the American people want me focused on». The president's remarks were the first since Speaker Kevin McCarthy announced the launch of a Biden impeachment inquiry while the Republican House leader is also struggling to shore up votes to fund the government and prevent a federal shutdown. «The best I can tell is they want to impeach me because they want to shut down the government,» Biden said. He also made a reference to Rep.

Indian startup ecosystem. The sector has witnessed one of the worst slowdowns in risk capital funding for startups that has stretched for over a year, drawing the moniker of a “funding winter”. The eleven jurors including top business leaders, startup entrepreneurs who have taken their companies public recently, marquee investors and other founders, would therefore display a razorsharp focus on business models built for the long term.

Russia and North Korea as Kim Jong Un arrived in Moscow to meet President Vladimir Putin recently, giving rise to the concerns of a possible arms deal between the two countries, which has remained the talk of the town for quite sometime now. In a press briefing on Wednesday, the official spokesperson of the US Department of State, Matthew Miller said, «And then I want to speak specifically for a second about the idea of North Korea providing weapons to Russia, which I spoke to the other day but I don't think you were here. One, just the overall context, and one thing it's important to restate again, that a year and a half ago Vladimir Putin launched this war thinking he was going to restore the glory of the Russian empire, failed in all of his maximalist, imperialist aims, and now a year and a half later, after losing tens of thousands of Russian soldiers and spending billions and billions of dollars, here he is begging Kim Jong-un for help.» «So it says something about the overall context of how this war is going for Russia.

The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator.

inflation data raised expectations that the US Federal Reserve may keep interest rate hikes on hold next week despite the biggest increase in consumer prices in a year. (With inputs from Reuters)

Nasdaq ended higher on Wednesday after data showing a moderate increase in consumer prices in August cemented expectations that the Federal Reserve will leave interest rates unchanged in September. Megacap growth stocks Tesla, Meta Platforms, Microsoft and Amazon.com gained over 1% each.Apple dipped 1.2%, down for a second day after unveiling new iPhones on Tuesday while leaving prices unchanged. The S&P 500 climbed 0.12% to end the session at 4,467.44 points. The Nasdaq gained 0.29% to 13,813.59 points, while the Dow Jones Industrial Average declined 0.20% to 34,575.53 points. The S&P 500 consumer discretionary index climbed 0.9%, lifted as Ford Motor rallied 1.5% on the vehicle maker's plans to double the production of its hybrid F-150 pickup trucks in 2024. Data showed consumer prices increased by the most in 14 months in August as gasoline prices surged, but the annual rise in underlying inflation was the smallest in nearly two years. Stickiness in services inflation has kept alive prospects of a November hike.

«Overall, we would suggest investors to shift their focus from mid and small caps to large caps in the near term, as the risk-reward is favourable over there,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 36 points, or 0.18 per cent, at 20,182, signaling that Dalal Street was headed for positive start on Thursday.

Gold prices firmed on Thursday as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week, although bullion was not far from a near three-week lows seen in the previous session.FUNDAMENTALS * Spot gold added 0.3% to $1,912.09 per ounce by 0110 GMT, having hit its lowest level since Aug.

Some analysts who favor one or two indicators to forecast US recessions have had a rough year. The reliance on a generally robust predictor may yet prove its worth in the months ahead. But so far the months-long calls by some pundits that recession is near have been wrong, or at least premature.

Investing.com — Stocks lost their earlier upward momentum after August's inflation report came in mostly at expectations, stoking hopes the Federal Reserve is reaching the end of its interest rate increases.

Investing.com — U.S. stock futures were trading steady during Wednesday's overnight deals, following a mixed session for major benchmark indices as traders digested fresh inflation data, higher yields and a fading tech rally.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday as the prospect of tighter supplies helped traders look past concerns over rising U.S. inflation, while focus remained on more upcoming economic data from the U.S. and China.