Gold prices declined Rs 330 to Rs 61,370 per 10 grams in the national capital on Thursday amid weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 61,700 per 10 grams. Silver also tumbled Rs 1,650 to Rs 75,950 per kg. “Spot gold prices in the
News
Sterling’s response to BoE rate hike has been somewhat ambivalent. Despite BoE’s openness to further tightening and a rosier economic outlook, forecast for inflation indicates a marked downturn, with a “material” undershooting expected in the forecast horizon. The voting pattern held no surprises, leaving the Pound now turning its attention to tomorrow’s GDP data for
Major FX markets remained rangebound here during the timezone. The volatility seen after the US April inflation report didn’t carry through to Asia. Fresh news flow was very light indeed and non-impactful. On the data front we had inflation data from China published. Consumer level prices (CPI) eased further in April, to their lowest y/y
Gold prices ticked up on a softer dollar in early Asian hours on Thursday, while investors awaited further clarity on the U.S. Federal Reserve’s monetary policy path. FUNDAMENTALS * Spot gold rose 0.2% to $2,032.48 per ounce, as of 0030 GMT. U.S. gold futures were up 0.1% at $2,039.00. * The dollar index slipped 0.1%,
Dollar is trading mixed in Asian session today as market participants eagerly anticipate April’s consumer inflation data from the US. The much-anticipated meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy unfolded as expected, with no resolution on the government’s self-imposed USD 31.4T debt limit. This issue, if unresolved, could plunge the
Major European stock indices are ending that session lower. The declines are led by France’s CAC which declined by -0.49%. A look at the closing levels shows German DAX -59.25 points or -0.37% at 15896.24 France’s CAC -35.97 points or -0.49% at 7361.21 UK’s FTSE 100 -282.78 points or -0.29% at 7741.32 Spain’s Ibex -15.50
Gold prices declined by Rs 265 to Rs 61,585 per 10 grams in the national capital on Wednesday amid a fall in international precious metal prices, according to HDFC Securities. The yellow metal had ended at Rs 61,850 per 10 grams in the previous trade. Silver, however, rose by Rs 120 to Rs 77,800 per
Dollar finds itself on the back foot in early US trading as data showed both headline and core CPI slowed in April. This data release has also sent 10-year yield plummeting below 3.5% mark. Japanese Yen is finding some strength, bolstered by the drop in yields. On the other hand, commodity currencies are regaining their
Well, with markets now largely convinced that the Fed will head to the sidelines after last week’s FOMC meeting decision, this will prove to be the first litmus test. You can argue that the US jobs report on Friday was a sort of test already but the inflation debate surely trumps that when you consider
Gold prices were flat during early Asian hours on Wednesday, as traders positioned themselves for inflation data that could impact the U.S. Federal Reserve‘s policy stance. FUNDAMENTALS * Spot gold was unchanged at $2,035.39 per ounce, as of 0031 GMT. U.S. gold futures were steady at $2,043.50. * The U.S. consumer price index (CPI) data
Euro continues its descent during Asian trading session, partly due to the optimism expressed by ECB Chief Economist about slowing in inflation ahead. The common currency currently ranks as the worst performer for the month, although it still holds above last month’s low against all currencies, barring the Pound. Meanwhile, Sterling also shows signs of
The major European indices are ending the session lower/unchanged. The German Dax is near unchanged/higher on the day while the other indices are lower: German Dax rose 2.67 points or 0.02% at 15955.49 Frances CAC felt -43.74 points or -0.59% at 7397.18 UK’s FTSE 100 fell -14.27 points or -0.18% at 7764.10 Spain’s Ibex felt
Gold prices jumped Rs 450 to Rs 61,300 per 10 grams in the national capital on Tuesday amid a rise in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,850 per 10 grams. Silver, however, went lower Rs 380 to Rs 77,400 per kg.
Dollar and Yen are striking back on mild risk-off sentiment while Commodity currencies are paring some gains too. Eyes will be on the meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy on debt ceiling. A final agreement on raising the debt limit is not expected today, but any rhetorics will be
Morgan Stanley Wilson bearish: “equities priced optimistic and lower probability outcome” More from BOJ Gov Ueda: Inflation expectations have risen and remain at elevated levels BOJ Gov Ueda says if price target is met in sustainable, stable manner, BoJ will end YCC Australian Q1 retail sales -0.6% q/q (vs. expected -0.6%) PBOC sets USD/ CNY
Gold prices eased during early Asian hours on Tuesday as cautious market participants awaited U.S. inflation data that could influence the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold fell 0.1% at $2,020.22 per ounce, as of 0023 GMT. U.S. gold futures were down 0.3% at $2,027.10. * The dollar index was up 0.1%, making
Dollar weakened broadly during Asian session, as relatively upbeat sentiment in stock markets took hold. Despite Japan’s Nikkei being down after holidays, stocks in Hong Kong and China are both making gains. Australian and New Zealand dollars emerged as the stronger performers for now, followed by Euro. Meanwhile, Canadian Dollar lagged once again, digesting some
Gold price climbed Rs 150 to Rs 60,600 per 10 gram in the national capital on Monday amid gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,450 per 10 gram. Silver, however, declined Rs 120 to Rs 77,580 per kg. “Spot gold