Gold rebounds from 9-month low on weaker dollar, US stimulus
Improved sentiment from the passing of the $1.9 trillion stimulus and a dip in US dollar index are helping gold prices
Reuters | March 8, 2021 | Updated 11:10 IST
Spot gold rose 0.7% to $1,712.46 per ounce by 0224 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday
Gold prices bounced back on Monday from a nine-month low hit in the previous session as the dollar softened, while passage of a long awaited US coronavirus stimulus package boosted the bullion s appeal as a hedge against inflation. Spot gold rose 0.7% to $1,712.46 per ounce by 0224 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday. US gold futures climbed 0.7% to $1,709.90.
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Share Market Highlights: Sensex ends 35 pts higher, Nifty below 15k; L&T, ONGC, HCL Tech, NTPC top gainers
Stock Market Updates Today: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were among top gainers, while Bajaj Finance, IndusInd Bank, UltraTech Cement and HDFC were among top losers
BusinessToday.In | March 8, 2021 | Updated 17:34 IST
Share Market News: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were top gainers
Indian benchmark indices ended marginally higher on Monday, paring most of early gains, weighed down by losses in realty and FMCG space, weak Asian markets, falling US futures and rising oil prices. The BSE Sensex ended 35.75 points or 0.07 per cent higher at 50,441.07 and the NSE Nifty closed at 14,956.2, up by 18.1 points or by 0.12 per cent. Outperforming the benchmark indices, the broader market settled with decent gains. The BSE MIDCAP closed 0.36 per cent higher, while the BSE SMLCAP up by 0.66 per cent. The Market breadt