Page 104 - Ommodities News Today

The Federal Reserve could not realistically have hoped for a better jobs report today but it will need to be one of a number of positive economic reports over the coming months before it's ready to declare victory.

Having seen such a strong rebound in equity markets this week there was always a chance that a strong US jobs report might undermine the move higher that we’ve seen due to the sharp slide in bond yields, and the less negative geopolitical outlook that has helped to lift sentiment these past few days.

Gold price is finding its feet to attempt another run to the $2,000 threshold early Thursday, as the United States Dollar (USD) and US Treasury bond yields lick their wounds following a non-committal US Federal Reserve (Fed) interest rate outlook and mixed US economic data.

Gold price (XAU/USD) stages a modest recovery during the early Asian session on Thursday.

Tata Motors, IRFC, Dabur Q2 results in Top News on November 2: Tech Mahindra, Coforge ex-dividend stocks, share markets, Nifty outlook, Mercedes-Benz GLE facelift, AMG C43 India launch also in focus.

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $81.

Gold price (XAU/USD) edges higher during the Asian session on Thursday, albeit lacking a follow-through and remains below the $2,000 psychological mark.

FIA Boca 2023: Model being adopted by rivals is “bad choice” for unpredictable assets, says exchange tech official

According to Geojit, The area under rabi crops in Maharashtra has risen 41% on year to 314,352 ha in the current season as of Oct 20, according to data published by the state agriculture department.

Analysts say investors are looking ahead to US jobs report. If the numbers present a softer economic scenario, it could further boost gains for gold and silver