Stock Market Live: Gold Prices Heads Toward Record High
Gold prices in the international markets were heading towards record high as traders invested their money into the bullion on rising uncertainty over Israel and Iran conflict.
The Bloomberg spot gold was trading 0.40% higher at $3,446.00 an ounce as of 7:56 a.m. Its record high level is $3,500.10 an ounce which it hit on April 22.
Asia Market Update: Nikkei 225 & KOSPI Rise Amid Israel-Iran Conflict
Share indices in Japan, South Korea, and Australia advanced early trade on Monday amid caution over Israel and Ira. The Nikkei 225 and KOSPI were trading 0.93% and 0.58% higher, respectively as of 7:48 a.m.
US Market Update: S&P 500 And Dow Jones Fall Over 1% On Israel-Iran Tensions
US share indices fell sharply on Friday as risk-on sentiment got a hit after geopolitical tension rose between Israel and Iran. Israel and Iran exchanged missiles Thursday night raising a fear of a potential war in the middle-east, as reported by Bloomberg.
Dow Jones Industrial Average fell 1.79% to 42,197.79. S&P 500 fell 1.13% at 5,976.97, and Nasdaq 100 Futures rose 0.23% at 21,911.00.
GIFT Nifty Implies Higher Open; ITC, IndusInd Bank, NTPC, Yes Bank
The GIFT Nifty was trading 0.12% or 29 points higher at 24,778.50 as of 6:42 a.m., which implied a higher open.
Investors will focus on ITC Ltd., IndusInd Bank Ltd., NTPC Ltd., and Yes Bank Ltd. shares in Monday’s session.
The benchmark equity indices closed lower on Friday, marking a second straight session of losses at the close of the week.
The NSE Nifty 50 ended 169 points, or 0.68% lower at 24,718.60, while the BSE Sensex closed 573 points, or 0.70% down at 81,118.
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