Gold and silver rally sharply on MCX after the India–US trade deal, driven by safe-haven demand, a weaker dollar, and renewed investor confidence, with prices firm across cities and global markets.
The rupee depreciated 22 paise to 90.54 against the US dollar, reversing part of Tuesday’s 117-paise record gain following the India-US trade deal announcement. Forex traders cited RBI dollar buying and lack of a signed agreement or final text as reasons for caution. Support seen at 89.80–90.00; FII inflows of Rs 5,236 crore supported equities, with Sensex up 68 points and Nifty up 52 points.
Copyright protected content copied from PhoneWorld website.Pakistan is taking another concrete step toward regulating the fast-growing virtual assets space through the PVARA Virtual Assets Regulatory Framework. The Pakistan Virtual Assets Regulatory Authority (PVARA) has officially invited proposals from eligible consultancy firms to support the operationalization and implementation of Pakistan’s Virtual Assets Regulatory Framework. The move signals that Pakistan is now shifting ...The post PVARA Sets February 9 Deadline for Virtual Assets Regulatory Consultancy Bids appeared first on PhoneWorld.
Reuters Zimbabwe’s exports of lithium-bearing spodumene concentrate rose by 11% in 2025, but weaker global prices for the battery metal kept export revenue flat, official data showed on Tuesday. Spodumene exports totalled 1.128 million metric tons in the year ended December 2025 against 1.014 million tons the year before, the state’s Minerals Marketing Corporation of [...]The post Zimbabwe spodumene exports up 11% in 2025, revenue flat on soft prices appeared first on NewZimbabwe.com.
Bitcoin slid to its weakest level since Donald Trump’s election victory, underscoring how fragile sentiment has become across digital-asset markets as tighter financial conditions, regulatory uncertainty and profit-taking converge. The world’s largest cryptocurrency fell sharply in volatile trading, extending a multi-week decline that has erased a large portion of gains built up earlier in the cycle. Prices moved to levels last seen shortly after Trump secured the [...]The article Bitcoin sinks to post-election low appeared first on Arabian Post.
SINGAPORE: A broad selloff swept through global commodities markets on Monday, dragging down prices of precious metals, energy, and industrial raw materials as investors reassessed risk following a shift in expectations for U.S. monetary policy.Gold fell about five percent to its lowest level in more than two weeks, extending losses after both gold and silver hit record highs last week. Silver slid more than se
Sensex advanced 68.49 points to 83,816.96 in early trade, while Nifty surged by 51.90 points to 25,779.45 amid positive sentiment following the India-US trade deal.
The over 2% gains so far today brings gold back above the crucial $5,000 mark. That's a big psychological win for dip buyers but even more so when you look at the charts. After the sharp pullback from Thursday last week to Monday this week, we are seeing a solid recovery in precious metals in the past few sessions. And gold is a standout in leading that charge ahead of silver this time around.Looking at the near-term chart:Not only is gold breaching above the $5,000 mark, it is also contesting a firmer break of the 50.0 Fib retracement level at $5,002 today. And adding to that, we're seeing price action start to creep towards testing waters above the 100 (red line) and 200-hour (blue line) moving averages. That is a pivotal near-term resistance point to take note of. And if buyers can secure a firm break above that, it will switch the near-term bias to being more bullish again.The gains yesterday may not look like much but $285 at face value represents the biggest daily jump in gold price on record. So, that speaks to dip buying appetite more so than anything else.As mentioned as well, the latest rebound cannot be compared to a dead cat bounce such as what we normally see with sharp selling and quick nosedive in other assets. That is because the fundamental factors driving up precious metals are still very much in play and underpinning demand. The pullback is largely to do with a case of Icarus flying too close to the sun. It isn't one that is driven by a material shift in the market outlook.All in all, this can be seen as a healthy correction for gold and precious metals in general. The question now is do we move on to a stronger consolidative phase or skip that altogether and march towards another surging run to fresh record highs? This article was written by Justin Low at investinglive.com.
MasTec, Inc. (NYSE:MTZ – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,034,907 shares, an increase of 25.2% from the December 31st total of 2,424,821 shares. Currently, 4.9% of the shares of the company are short [...]
Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,619,404 shares, an increase of 26.2% from the December 31st total of 6,039,442 shares. Based on an average daily trading volume, [...]
Harmonic Inc. (NASDAQ:HLIT – Get Free Report) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 2,764,292 shares, an increase of 26.4% from the December 31st total of 2,187,003 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average [...]
Camden Property Trust (NYSE:CPT – Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,919,071 shares, a growth of 26.0% from the December 31st total of 3,111,334 shares. Based on an average daily volume of 1,578,795 shares, [...]