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[ad_1] NEW DELHI: The rupee appreciated by 5 paise to settle at 81.97 (provisional) against the US dollar on Monday, tracking a weak American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 81.90 against the US currency and finally closed at 81.97 (provisional) against the greenback, registering a gain of 5 paise over its previous close. During the session, the rupee touched a high of 81.78 and a low of 81.98 against the dollar. On Thursday, the rupee closed at 82.02 against the US currency. On April 7, equity and forex markets were closed on account of Good Friday. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 102.06. Global oil benchmark Brent crude futures advanced 0.05 per cent to $85.16 per barrel. According to Anuj Choudhary - research analyst at Sharekhan by BNP Paribas, a below-normal monsoon forecast by Skymet and a strong dollar in early Asian t

[ad_1] Last Updated: July 08, 2023, 01:33 IST New York, United States of America (USA) Gold remains stubbornly bid - trading higher even before the number. Today's report has given bulls some relief, at least short term, said Tai Wong, a New York-based independent metals trader. Gold prices rise as weaker US nonfarm payrolls cast doubt on interest rate hikes, boosting the appeal of the precious metal Gold prices rose on Friday and were on track for their first weekly gain in four as the dollar and bond yields fell after weaker U.S. nonfarm payrolls numbers cast doubts over the trajectory of interest rate hikes beyond July yet again. Spot gold was up 0.8% at $1,926.54 per ounce at 2:06 p.m. EDT (1806 GMT). Bullion was up 0.4% so far this week. U.S. gold futures settled 0.9% higher at $1,932.50. Labour department data showed nonfarm payrolls came in well below expectations last month, but the unemployment rate retreated from a seven-month high amid fairly strong wage gains. Benc