International News
Gold and silver dip on Russia Ukraine peace speculation
Gold and silver prices faced profit booking on MCX Tuesday amid buzz over a potential Russia-Ukraine peace deal. MCX February 2025 gold futures slid over Rs.800/10g to an intraday low of Rs.1,33,308, recovering to Rs.1,33,800 by 2:35 PM. Silver hit Rs.1,94,260/kg, down Rs.3,650/kg early on. Internationally, COMEX gold fell $37/oz to $4,298.65 before rebounding above $4,300/oz.
The pressure stemmed from reports of Ukrainian President Zelenskyy considering dropping NATO ambitions, fueling unconfirmed peace talk speculation despite no territorial concessions. Silver and gold rates today are under pressure as the market is discounting the news reports of the Ukrainian President Volodymyr Zelenskyy’s indication to drop Kyiv’s long-held ambition of joining NATO. This has triggered peace deal buzz in the Russia-Ukraine war, started in February 2022, when Moscow launched a full-scale invasion of its neighbour.
Supportive factors are weak INR/USD and falling bond yields persist. Analysts sees MCX gold rebound to Rs.1,34,000–Rs.1,37,000/10g (support at Rs.1,33,250), with COMEX gold targeting $4,400/oz (support at $4,280).
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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International News14 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
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National News8 hours agoBelgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
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National News8 hours agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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New Premises9 hours agoJoyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar
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