Latest news with #Dollar
Economic Times
an hour ago
- Business
- Economic Times
Gold at a crossroads: Will fed's hawkish pause and Iran conflict spark a $3,400 breakout?
Gold prices are currently under pressure due to the US Federal Reserve's stance on interest rates. This has strengthened the US Dollar. Geopolitical tensions and trade worries offer some support to gold. Spot gold is trading near $3,387. Technical levels to watch include support at $3,322 and resistance at $3,374. Tired of too many ads? Remove Ads Why is gold falling today? The Fed now expects only one rate cut of 25 bps in both 2026 and 2027. This 'hawkish' view supports the US Dollar and pressures gold. Tired of too many ads? Remove Ads Geopolitics and trade tensions still support gold US Senate Intel Chair said Trump wants to give Iran a last chance to end its nuclear program. Trump is reportedly delaying any strikes for about two weeks. Gold price now and key levels to watch Spot gold trades just below $3,350, after falling earlier in the day. Earlier this week, gold touched a nearly 2-month high close to $3,452. The US Dollar pulled back after a recent peak, giving gold slight support. Technical view: Can gold stay above key support? Immediate support: $3,323–$3,322 Next support: $3,300 Key resistance: $3,374–$3,375 Next hurdle: $3,400 Upside target if breakout happens: $3,434–$3,435, then $3,451–$3,452 Major breakout point: $3,500 (psychological level, also near top of ascending channel) What traders should watch next If gold drops below $3,322, it may fall further to $3,300 or even lower. If gold breaks above $3,400, it could aim for $3,435 and even $3,452. A clear move above $3,500 could open the door to test $3,550 or $3,600. RSI is weakening but close to key levels; a move back above 60 would signal strength. Today's focus: Geopolitics and the Fed outlook US–Iran tensions: US officials reportedly preparing strike options; Trump says, 'I may do it. I may not.' Fed signals fewer rate cuts in future years, boosting the Dollar and limiting gold upside. Gold prices are facing selling pressure even though there are some factors that could help support them. The Federal Reserve's tough stance on interest rates is helping the US Dollar and putting pressure on worries and increasing geopolitical tensions may support gold as a safe-haven asset. Gold prices have dropped to their lowest in over a week, trading just below a key level in early European trading. This comes after the Fed recently lowered its forecast for future rate cuts, which boosts the US Dollar and reduces demand for gold, since it doesn't pay is under pressure again even though some factors could support it. Prices are hovering just under $3,350 after falling earlier in the day. Traders are watching global risks and the US Federal Reserve's recent interest rate US Federal Reserve kept interest rates the same but said it now plans fewer rate cuts in 2026 and 2027. This made the US Dollar stronger and reduced demand for gold, which doesn't give any top of that, European stock markets are doing well, which is reducing safe-haven demand for with the pressure, gold still has some support. Rising tensions in the Middle East are worrying investors. The fight between Iran and Israel has now gone on for eight days. There's also speculation that the US may get the same time, US–China trade worries are growing again. Trump has warned of new tariffs on the pharma sector, and more could come before the July 9 'liberation day' tariff kind of uncertainty usually supports gold as a safe has dropped below the 100-period SMA and is testing the lower edge of an ascending channel. Momentum indicators are losing strength, especially on hourly now, gold is trading between $3,322 and $3,400. A clear breakout from this range could set the direction for the coming weeks.
Time of India
3 hours ago
- Business
- Time of India
Gold at a crossroads: Will fed's hawkish pause and Iran conflict spark a $3,400 breakout?
Gold prices are currently under pressure due to the US Federal Reserve's stance on interest rates. This has strengthened the US Dollar. Geopolitical tensions and trade worries offer some support to gold. Spot gold is trading near $3,387. Technical levels to watch include support at $3,322 and resistance at $3,374. Tired of too many ads? Remove Ads Why is gold falling today? The Fed now expects only one rate cut of 25 bps in both 2026 and 2027. This 'hawkish' view supports the US Dollar and pressures gold. Tired of too many ads? Remove Ads Geopolitics and trade tensions still support gold US Senate Intel Chair said Trump wants to give Iran a last chance to end its nuclear program. Trump is reportedly delaying any strikes for about two weeks. Gold price now and key levels to watch Spot gold trades just below $3,350, after falling earlier in the day. Earlier this week, gold touched a nearly 2-month high close to $3,452. The US Dollar pulled back after a recent peak, giving gold slight support. Technical view: Can gold stay above key support? Immediate support: $3,323–$3,322 Next support: $3,300 Key resistance: $3,374–$3,375 Next hurdle: $3,400 Upside target if breakout happens: $3,434–$3,435, then $3,451–$3,452 Major breakout point: $3,500 (psychological level, also near top of ascending channel) What traders should watch next If gold drops below $3,322, it may fall further to $3,300 or even lower. If gold breaks above $3,400, it could aim for $3,435 and even $3,452. A clear move above $3,500 could open the door to test $3,550 or $3,600. RSI is weakening but close to key levels; a move back above 60 would signal strength. Today's focus: Geopolitics and the Fed outlook US–Iran tensions: US officials reportedly preparing strike options; Trump says, 'I may do it. I may not.' Fed signals fewer rate cuts in future years, boosting the Dollar and limiting gold upside. Gold prices are facing selling pressure even though there are some factors that could help support them. The Federal Reserve's tough stance on interest rates is helping the US Dollar and putting pressure on worries and increasing geopolitical tensions may support gold as a safe-haven asset. Gold prices have dropped to their lowest in over a week, trading just below a key level in early European trading. This comes after the Fed recently lowered its forecast for future rate cuts, which boosts the US Dollar and reduces demand for gold, since it doesn't pay is under pressure again even though some factors could support it. Prices are hovering just under $3,350 after falling earlier in the day. Traders are watching global risks and the US Federal Reserve's recent interest rate US Federal Reserve kept interest rates the same but said it now plans fewer rate cuts in 2026 and 2027. This made the US Dollar stronger and reduced demand for gold, which doesn't give any top of that, European stock markets are doing well, which is reducing safe-haven demand for with the pressure, gold still has some support. Rising tensions in the Middle East are worrying investors. The fight between Iran and Israel has now gone on for eight days. There's also speculation that the US may get the same time, US–China trade worries are growing again. Trump has warned of new tariffs on the pharma sector, and more could come before the July 9 'liberation day' tariff kind of uncertainty usually supports gold as a safe has dropped below the 100-period SMA and is testing the lower edge of an ascending channel. Momentum indicators are losing strength, especially on hourly now, gold is trading between $3,322 and $3,400. A clear breakout from this range could set the direction for the coming weeks.
India.com
3 hours ago
- Politics
- India.com
PM Modi launches 105 projects worth over Rs 18,600 crore, unveils Odisha Vision Document
File/PTI Bhubaneswar: Prime Minister Narendra Modi on Friday launched 105 development projects valued at over Rs 18,600 crores, unveiled the 'Odisha Vision Document' and flagged off new trains during his visit to the state. He also felicitated several people, including 'Lakhpati Didis' and others. Modi, who visited Odisha for the sixth time since the BJP government was formed in the state in June 2024, launched the projects at a function at Janata Maidan here. The projects launched by the Prime Minister included drinking water and irrigation, health infrastructure, rural roads and bridges, national highways and railway infrastructure. Modi flagged off the first passenger train to Boudh district after inaugurating the Sonepur-Purunakatak railway line. Railway projects such as the third and fourth rail lines between Sarla-Sason and the fourth rail line between Jharsuguda-Jamga were also launched. This apart, Modi also flagged off 100 electric buses under the Capital Region Urban Transport (CRUT) system, promoting eco-friendly urban mobility. Prepared following people's feedback, the Prime Minister unveiled the 'Odisha Vision Document', the roadmap for the state's development goals, anchored around the centenary of Odisha's formation as a linguistic state in 2036 and India's 100 years of independence in 2047. The vision aims to transform Odisha into a Dollar 500 billion economy by 2036 and a Dollar 1.5 trillion economy by 2047. The Prime Minister also launched 'Baraputra Aitihya Gram Yojana', an initiative to transform birthplaces of Odia icons into memorials, featuring museums, interpretation centres, statues and libraries, thereby promoting cultural tourism and preserving heritage. Modi also felicitated some women achievers from across the state, who included some 'Lakhpati Didis'. 'Lakhpati Didi' is an initiative of the Ministry of Rural Development focused on empowering women in Self-Help Groups (SHGs). The goal is to help them achieve an annual household income exceeding Rs one lakh by adopting sustainable livelihood practices. The state tops the list of creating 16.60 lakh 'Lakhpati Didis' in the country.
NDTV
3 hours ago
- Business
- NDTV
PM Modi Launches 105 Projects Worth Over Rs 18,600 Crore In Odisha
Bhubaneswar: Prime Minister Narendra Modi on Friday launched 105 development projects valued at over Rs 18,600 crores, unveiled the "Odisha Vision Document" and flagged off new trains during his visit to the state. He also felicitated several people, including 'Lakhpati Didis' and others. PM Modi, who visited Odisha for the sixth time since the BJP government was formed in the state in June 2024, launched the projects at a function at Janata Maidan here. The projects launched by the Prime Minister included drinking water and irrigation, health infrastructure, rural roads and bridges, national highways and railway infrastructure. PM Modi flagged off the first passenger train to Boudh district after inaugurating the Sonepur-Purunakatak railway line. Railway projects such as the third and fourth rail lines between Sarla-Sason and the fourth rail line between Jharsuguda-Jamga were also launched. This apart, PM Modi also flagged off 100 electric buses under the Capital Region Urban Transport (CRUT) system, promoting eco-friendly urban mobility. Prepared following people's feedback, the Prime Minister unveiled the 'Odisha Vision Document', the roadmap for the state's development goals, anchored around the centenary of Odisha's formation as a linguistic state in 2036 and India's 100 years of independence in 2047. The vision aims to transform Odisha into a Dollar 500 billion economy by 2036 and a Dollar 1.5 trillion economy by 2047. The Prime Minister also launched 'Baraputra Aitihya Gram Yojana', an initiative to transform birthplaces of Odia icons into memorials, featuring museums, interpretation centres, statues and libraries, thereby promoting cultural tourism and preserving heritage. Modi also felicitated some women achievers from across the state, who included some "Lakhpati Didis". 'Lakhpati Didi' is an initiative of the Ministry of Rural Development focused on empowering women in Self-Help Groups (SHGs). The goal is to help them achieve an annual household income exceeding Rs one lakh by adopting sustainable livelihood practices. The state tops the list of creating 16.60 lakh 'Lakhpati Didis' in the country.
Time of India
3 hours ago
- Business
- Time of India
Modi launches 105 projects worth over Rs 18,600 cr, unveils Odisha Vision Document
Prime Minister Narendra Modi on Friday launched 105 development projects valued at over Rs 18,600 crores, unveiled the " Odisha Vision Document " and flagged off new trains during his visit to the state. He also felicitated several people, including ' Lakhpati Didis ' and others. Modi, who visited Odisha for the sixth time since the BJP government was formed in the state in June 2024, launched the projects at a function at Janata Maidan here. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 最強のヒーローチームを編成する力はありますか? レイドシャドウレジェンド 今すぐインストール Undo The projects launched by the Prime Minister included drinking water and irrigation, health infrastructure, rural roads and bridges, national highways and railway infrastructure. Modi flagged off the first passenger train to Boudh district after inaugurating the Sonepur-Purunakatak railway line. Railway projects such as the third and fourth rail lines between Sarla-Sason and the fourth rail line between Jharsuguda-Jamga were also launched. Live Events This apart, Modi also flagged off 100 electric buses under the Capital Region Urban Transport (CRUT) system, promoting eco-friendly urban mobility . Prepared following people's feedback, the Prime Minister unveiled the 'Odisha Vision Document', the roadmap for the state's development goals, anchored around the centenary of Odisha's formation as a linguistic state in 2036 and India's 100 years of independence in 2047. The vision aims to transform Odisha into a Dollar 500 billion economy by 2036 and a Dollar 1.5 trillion economy by 2047. The Prime Minister also launched 'Baraputra Aitihya Gram Yojana', an initiative to transform birthplaces of Odia icons into memorials, featuring museums, interpretation centres, statues and libraries, thereby promoting cultural tourism and preserving heritage. Modi also felicitated some women achievers from across the state, who included some "Lakhpati Didis". 'Lakhpati Didi' is an initiative of the Ministry of Rural Development focused on empowering women in Self-Help Groups (SHGs). The goal is to help them achieve an annual household income exceeding Rs one lakh by adopting sustainable livelihood practices. The state tops the list of creating 16.60 lakh 'Lakhpati Didis' in the country. PTI
