Thu, Aug 8, 2024 12:25 PM
Option strategy of the day | Long build up in Cipla; Bull call spread
A Flip by Riya Sharma
Gold prices experienced a modest decrease on Wednesday. The cost of 24 carat gold in India is Rs.8012.3 per gram, reflecting an decrease of ₹ 130.0. The cost of 22 carat gold in India is 7346.3 per gram, a fall of ₹120.0. The price fluctuation of 24 carat gold over the past week is recorded at -1.01%, while over the last month, the change stands at -2.21%.
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Asian travelers don’t seem ready to return to the skies. If there’s any hope for the region’s airlines, it’s that this summer season spurs families and new flyers to spread their wings both locally and across the oceans. Data from carriers and industry bodies show strong growth and solid load factors, indications that the extra capacity being added to routes is finding a market among passengers.
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Long-term US Treasury yields have climbed so quickly that a prominent bear has said it’s time to take some chips off the table. Mark Dowding, chief investment officer at RBC BlueBay Asset Management, said he closed a bearish bet on long-maturity bond prices last week after a stronger-than-expected jobs report pushed 30-year Treasury yields above 5% for the first time since November 2023.
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