Gold price in the national capital rose Rs 30 to Rs 52,731 per 10 grams on Tuesday amid appreciation in rupee, according to HDFC Securities. In the previous trade, the yellow metal had touched Rs 52,701 per 10 grams. Silver also climbed Rs 856 to Rs 61,518 per kilogram. The rupee appreciated 14 paise to
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Dollar and Euro are so far the worst performer in quiet trading today. The greenback is clearly weighed down again by stocks’ rise and yield’s decline. There are news that China’s Shanghai is back in tougher restrictions, but investors are not too bothered. Canadian Dollar is also soft after data showed retail sales contraction. Meanwhile,
The greenback was the best performing major currency yesterday as it continued its recovery path from the latter stages of last week. That saw a turnaround in near-term sentiment for some dollar pairs but traders are still looking rather tentative for now. The dollar is slightly on the backfoot today, with broader market sentiment also
NEW DELHI: Gold prices rose on Tuesday, recouping some of the last session’s decline, as the US dollar eased, with the focus turning to minutes from the US Federal Reserve’s latest meeting for clues on future rate hikes. Gold futures on were trading higher, gaining 0.21% or Rs 108 at Rs 52,400 per 10 grams.
Dollar’s rebound stalled once again quickly, as risk markets appear to have stabilized. Overall, Swiss Franc is following the greenback as the second strongest for the week so far, then Canadian. Yen is the worst performer, followed by Aussie and Kiwi. Euro and Sterling are mixed with Sterling having an upper hand. Canadian retail sales
The USDCAD moved higher earlier in the session supported by the story that OPEC+ was mulling a 500K barrel per day production increase (see earlier post here). That pushed the price to the low of a defined swing area between 1.3494 and 1.3510, helped by the tumble in oil which saw the price test the
Oil prices dropped to their lowest since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are discussing an output increase. Brent crude futures for January had slipped $4.07, or 4.7%, to $83.55 a barrel by 1518 GMT. U.S. West Texas Intermediate (WTI) crude futures for
Dollar’s broad based rebound continues into early US session, as support by recovery in yields. While overall markets are trading in mild risk-off mode, there isn’t much follow through selling in European stocks and US futures. The greenback’s rally could be killed off quickly if risk sentiment turns. But for now, Dollar is the strongest
With Turkey Day coming up, it will mean market activity or at least interest will be sapped alongside liquidity conditions later in the week. Thanksgiving will fall on 24 November (Thursday) and will come after the release of the FOMC meeting minutes on Wednesday. As such, expect broader markets to try and sort out its
Gold prices ticked lower on Monday, after marking its worst week in five, pressured by a pop in the US dollar while traders awaited further cues on central banks’ interest rates strategy. The Fed at its December meeting is still expected to raise rates by half a percentage point, a view endorsed by other Fed
Dollar opened the week broadly higher, following last week’s late recovery. Swiss Franc also picks up some buying, especially against Euro and Sterling. Commodity currencies are mixed for now, with Canadian Dollar having an upper hand. Yen is also mixed as corrective trading continues. The week is relatively light with holidays. But there are still
The major US stock indices are trading higher in early US trading on this Friday, but the indices are off their pre-market futures levels as well. The early US pre-market levels had the major indices showing: Dow industrial average up 210 points after yesterdays -7.51 point decline S&P index up 34.44 points after yesterdays -12.23
Although prices cooled down from their 14-year high hit in March, crude oil prices remain extremely volatile on uncertain macroeconomic conditions. A cut in global oil demand forecast by agencies like Energy Information Administration (EIA) and OPEC, easing tensions between Russia and Ukraine, concerns over China’s demand, and a G7-proposed price cap on Russian oil
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Gold was headed for a weekly fall on Friday as the recent rally fizzled after several U.S. Federal Reserve officials suggested that interest rates would continue to rise, pouring cold water on market expectations that the U.S. central bank would pivot. FUNDAMENTALS * Spot gold was steady at $1,761.29 per ounce, as of 0017 GMT.
The US indices are closing higher on the day. The Dow was near unchanged for the week. The S&P and Nasdaq fell. The near closing levels are showing: Dow rose 200.07 points or +0.60% at 33745.90 S&P rose 18.94 points or 0.48% at 3965.43 Nasdaq rose 1.11 points or 0.01% at 11146.07 Russell 2000 rose
gross domestic product (GDP) and employment. Thus it’s a key factor for the lifeline of our Indian population and economy’s overall productivity. The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021- 22) in Gross Value
The post-CPI selloff in Dollar and rally in US stocks faded last week, after Fed officials talked down the significance of just one data point. While the greenback still lacked momentum for sustainable recovery, selloff has at least slowed. The greenback ended the week mixed together with Euro. On the one hand New Zealand Dollar