Page 56 - Exponential Moving Average News Today

The GBP/JPY is seeing a mild relief pullback towards the 185.00 price level after last week's runup in the pair sent the Guppy just shy of the 186.00 handle.

Bharat Forge share price: On the earnings front, the company posted a 29 per cent year-on-year (YoY) rise in its standalone net profit at Rs 345.9 crore for the second quarter of financial year 2023-24 (Q2 FY24). The company had recorded a net profit of Rs 268.1 crore in the corresponding quarter of last fiscal year.

The Pound Sterling (GBP) faces a sell-off on Tuesday, paring some gains from the recent rally, as risks of a slowdown in the United Kingdom economy are unabated due to higher interest rates by the Bank of England (BoE).

MCX December gold futures were trading at Rs 60,559 per 10 gram, down by Rs 211 or 0.35% from the Monday closing price. Meanwhile, the December silver futures were trading at Rs 71,624 per kg, lower by Rs 493 or 0.68%.

Gold price (XAU/USD) drops further as safe-haven demand diminishes amid no further escalation in geopolitical tensions.

The Australian Dollar (AUD) holds strong on Monday, aiming to mark a three-month high.

OpenAI is holding its first developers’ conference, called OpenAI DevDay, on Monday, an event that could become a bullish catalyst for Worldcoin (WDC) as Sam Altman – co-founder of both OpenAI and the project related to the token – is set to give a keynote speech.

Gold prices went lower again on Monday, declining 0.75% into $1,977 as US Treasury yields stepped higher once more, pushing the XAU/USD back down after losing the $2,000 handle last Friday.

Chainlink, the token of a decentralized blockchain oracle network, is likely to get a boost from the blockchain’s adoption by financial institutions in Hong Kong.

On Comex, Gold futures were trading at $1,993.60 per troy ounce on Friday, down by $0.10 or 0.01% while Silver futures were at $22.805, lower by $0.041 or 0.18%.