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Read more about Gold rises on hopes of rates staying low, firm treasury yields cap gains on Business Standard. Spot gold was up 0.3 per cent at $1,821.02 per ounce by 07:12 GMT, after falling more than 1 per cent in the previous session
Read more about Australia Market extends losses on Business Standard. At closing bell, the benchmark S&P/ASX200 declined by 52.09 points, or 0.73%, to 7,044.87. The broader All Ordinaries fell 50.50 points, or 0.69, to 7,281.14.
The Australian share market finished higher for third session in row on Wednesday, 05 May 2021, as investors risk sentiments boosted up on rising commodity prices and strong financial earnings as well as the dovish comments from RBA's interest rate decision yesterday. At closing bell, the benchmark S&P/ASX200 added 27.96 points, or 0.4%, to 7,095.82, reaching its best level since Feb. 2020. The broader All Ordinaries advanced 20.64 points, or 0.28%, to 7,344.18. Most sectors finished in the green, with only IT and consumer discretionary the laggards, down 1.1% and 0.2% respectively. Health ca...
Read more about Gold steadies on firm dollar; palladium hovers near record high on Business Standard. Spot gold was flat at $1,778.60 per ounce by 0930 GMT, after falling about 0.8% in the previous session. US gold futures were steady at $1,777
Vedanta rose 4.21% to Rs 237.45 on reports that the Tamil Nadu government has allowed the company's Sterlite Industries plant in Tuticorin, Tamil Nadu to produce oxygen for four months.The media reported that the Tamil Nadu government on Monday allowed Vedanta's sealed Sterlite Industries in Tuticorin to operate for the production of medical oxygen for a four-month period in view of the depleting oxygen reserves amid the massive spread of the coronavirus cases. The decision was taken during an all-party meeting convened by Tamil Nadu Chief Minister K Palaniswami. While granting the permission...