Gold prices rose Rs 50 to Rs 56,307 per 10 grams in the national capital on Monday amid gains in the precious metal globally, according to HDFC Securities. The yellow metal had ended at Rs 56,257 per 10 grams in the previous trade. Silver prices also increased by Rs 140 to Rs 65,770 per kg.
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Australian Dollar is leading other commodity currencies higher, in otherwise quiet markets today. US and Canada will be on holiday while European calendar is near empty. Trading should remain relatively subdued. RBNZ rate hike is a major focus this week while PMIs will also catch much attention. Yet, the key is whether risk markets could
It was a subdued range-bound day across major FX ahead of the US market holiday today, Monday. The NYSE and Nasdaq are both closed, as is the bond market. USD/JPY traded higher to begin the session, topping out circa 134.50-odd before slipping back to circa 134.30 as I post. EUR/USD drifted lower initially before it
Gold prices fell on Monday, weighed down by a stronger dollar and after recent U.S. economic data raised worries that the Federal Reserve could hike interest rates further. FUNDAMENTALS * Spot gold was down 0.2% at $1,837.59 per ounce, as of 0048 GMT. U.S. gold futures eased 0.1% to $1,847.60. * The dollar index was
If you were to glance at stock markets today, you would get the impression it was a ‘risk off’ day and that was true to a large extent early in the day but it’s unwound in both forex and bonds in US trading. The US dollar is generally lower today overall with losses against the
Global oil prices have held relatively steady since November last year. Despite several geopolitical factors affecting its fundamentals, it has been congested inside $83-70 per barrel throughout this period. Amid fears of a global supply glut, the G7-led price cap on Russian oil and Moscow’s plan for a drastic production cut had little impact on
US Secretary of State Antony Blinken said the US has information that China is considering sending weapons to Russia for the war in Ukraine. The concern that we have now is based on information we have that they’re considering providing lethal support,” Blinken told CBS’s Face the Nation. “And we’ve made very clear to them
The rupee depreciated 14 paise to close at 82.84 (provisional) against the US currency on Friday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments. At the interbank foreign exchange market, the rupee opened at 82.77 against the greenback and finally settled
The major US stock indices are trading to new session highs. The Dow Industrial Average has moved positive on the day. It currently trades at 114 points or 0.34% at 33811.00. At session lows, the Dow Industrial Average was down -179 points The S&P index is trading down -12.16 point or -0.29% at 4078.20. At
Gold has become increasingly vulnerable in the last few weeks and is susceptible to further decline in prices. The metal is subjected to mainly four bearish fundamental factors: Firstly, much expected Chinese demand on its reopening has failed to materialize. This is being seen in the hefty build-up in base metals inventories in the last
Dollar ended as the best performer last week, after data argued that the slow disinflation process could prompt Fed to tightening further to a higher terminal rate. Yet, buying remained rather uncommitted, as show in Friday’s late pull back. Resilient risk sentiment continued to cap the greenback’s upside, and could continue to do so. Elsewhere
The NY session started the session with USD as a solid leader when ranked vs the major currencies. It was up 0.37% vs the GBP and as high as 0.80% vs the NZD. Those gains were eroded in the morning session and is ending the day with declines of -0.44% vs the GBP, -0.27% vs
Gold prices declined by Rs 285 to Rs 55,950 per 10 grams in the national capital on Friday amid weak global trends, according to HDFC Securities. The precious metal had settled at Rs 56,235 per 10 grams in the previous trade. Silver also tumbled Rs 620 to Rs 65,005 per kg. “Spot gold prices in
Dollar appears to be finally staging a broad based upside breakout today, with help from mild risk aversion. This week’s inflation and retail sales data suggested that risk to Fed tightening is more on the upside, and interest rate would at least stay high for longer. For now, Euro is following Dollar as the strongest
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold hurtled towards a third straight weekly drop on Friday, dampened by the dollar’s advance following fresh hawkish rhetoric from the U.S. Federal Reserve officials. Spot gold was down 0.6% at $1,826.39 per ounce by 1302 GMT, after earlier falling to its lowest since late-December. Bullion has fallen about 2.1% so far this week. U.S.
Risk sentiment appeared to have turned negative after this week’s strong inflation data as well as hawkish comments from central bankers, not limited to Fed. Dollar is set to end as the best performer on expectations of higher terminal interest rate and risk aversion. But Euro is not too far away considering that ECB is
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not