Gold prices rose by Rs 128 to Rs 57,275 per 10 grams in the national capital on Tuesday amid firm global trends, according to Securities. In the previous trade, the yellow metal had ended at Rs 57,147 per 10 grams. Silver, however, declined by Rs 38 to Rs 67,975 per kg. “Spot gold prices in
News
Australian Dollar recovered broadly today following hawkish RBA rate hike, which signals more tightening ahead. The rebound in Aussie also takes New Zealand Dollar higher. On the other hand, Dollar is once again consolidating overnight gains. The rally in the greenback is not too committed this week so far. But Fed Chair Jerome Powell’s speech
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
Oil prices rose on Monday, buoyed by supply concerns, but remained near three-week lows on fears that slower growth in major economies could curb demand. Brent crude futures rose 46 cents, or 0.6%, to $80.40 a barrel by 1442 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.3%, to $73.59. While
Dollar is staying generally firm today but lacks clear-cut momentum to extend last week’s rally. Overall sentiment is mildly on the risk-off side, with major European indexes and US futures in red while benchmark treasury yields jump. For now, Yen remains the worst performer for the day, followed by Kiwi and then Aussie. Swiss Franc
Headlines: Markets: GBP leads, JPY lags on the day European equities lower; S&P 500 futures down 0.6% US 10-year yields up 6.7 bps to 3.598% Gold up 0.5% to $1,873.82 WTI crude up 0.6% to $73.82 Bitcoin down 0.1% to $22,912 The day started off with a focus on Japan after the yen opened with
Gold prices hit a more than four-week low on Monday, as the U.S. dollar firmed after stronger-than-expected jobs data fanned concerns that the Federal Reserve might keep hiking interest rates. FUNDAMENTALS * Spot gold was little changed at $1,865.88 per ounce, as of 0045 GMT, after hitting its lowest level since Jan. 6 earlier in
Yen opens the week broadly lower on rumors that current ultra-loose monetary policy would be maintained by the next BoJ governor. Meanwhile, markets are mixed elsewhere. Dollar is paring some gains after initial rally, but stays generally firm. Australian Dollar is trying to recover with other commodity currencies. Swiss Franc is slightly outperforming other European
Retail sales from Australia, Q4 2022 comes in at -0.2% q/q expected -0.6%, prior +0.2% the y/y is +1.8% Australian Bureau of Statistics comments on the data: Retail sales volumes fell for the first time since the September quarter 2021, with volumes falling across all non-food industries as consumers tightened discretionary spending in response to
Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies. Brent crude futures rose 16 cents, or 0.2%, to $82.33 a
The major European indices are ending the day with mixed results: German DAX, -0.21% France’s CAC, +0.94% UK’s FTSE 100, +1.04% Spain’s Ibex, -0.04% Italy’s FTSE MIB -0.56% For the UK FTSE 100, the price moved above the old all-time high from 2018 at 7903.50. The intraday high price reached 7906.58 before rotating back to
Gold plays an important role in the Indian economy. It is considered a safe form of savings and investment among individuals, and it is an integral part of traditional ceremonies. This metal is considered the best collateral for loans and the precious metals industry is a significant source of employment in the country. The demand
WTI crude oil futures settled at $73.39 today. That was down -$2.49 or -3.28%. The high price reached $78.00 today. The low reached $73.13. The price traded to the lowest level going back to January 23. The low for the year reached $72.46 back on January 5th. The cycle low from December reached $70.08. For
Gold prices ticked up on Friday as markets digested recent comments from Federal Reserve Chair Jerome Powell, but the precious metal was headed for its biggest weekly fall since November after a 2% drop in the previous session. FUNDAMENTALS * Spot gold rose 0.2% to $1,916.34 per ounce by 0042 GMT, after shedding 2% in
An interesting weekend item from Reuters about oil, but also about circumventing trade payments in the dominant USD – helping Russia to de-dollarise its economy. Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars India’s top bank, the State Bank
Gold prices exhibited extreme volatility in the week ending February 3 as traders had to wade through the deluge of starkly contrasting developments and data that swung the pendulum to extremes before the dust finally settled in favor of bears. Seemingly dovish Federal Reserve, as it failed to sound convincingly hawkish at the FOMC meeting
With the help from strong economic data, Dollar struck back to end as the strongest one, after a week full of heavy weight events. Traders might start to give up on fighting the Fed on the topic of terminal interest rate and the timing of a cut, given the underlying resilience of the economy. At
The US jobs report was – as Fed’s Daly put it – a “wow” number. The Non Farm Payroll increased by a whopping 517K. The prior two months were revised higher by 71K. The combined total of 587K far outpaced the expectations of 185K. Wow is right. The unemployment rate moved down to 3.4% (expected