Global Market Today 6 June 2023

according to globle market at this time market sentiments negative

Gold Price Updates

Gold prices fell on Wednesday, weighed down by an uptick in the dollar and US Treasury yields after minutes from the Federal Reserve’s June policy meeting cemented expectations that rates will stay higher for longer.

Spot gold was down 0.5% at $1,916.49 per ounce by 02:32 p.m. EDT (1832 GMT). U.S. gold futures settled 0.1% lower at $1,927.10.

FII and DII data

Foreign institutional investors (FII) bought shares worth Rs 1,603.15 crore, whereas domestic institutional investors (DII) sold shares worth Rs 439.01 crore on July 5, provisional data from the National Stock Exchange shows.

Crude Price Updates

US crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post-holiday response to supply cuts announced on Monday by Saudi Arabia and Russia.

US West Texas Intermediate crude (WTI) rose $2 from Monday’s close, or 2.9%, to settle at $71.79 a barrel. Brent crude futures rose 40 cents, or 0.5%, to settle at $76.65 a barrel, after gaining $1.60 a barrel on Tuesday.