Gold price in the national capital declined Rs 201 to Rs 55,994 per 10 gram on Thursday amid a fall in the precious metal’s prices globally, according to Securities. The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram. “Comex
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Gold is off to a great start to the year, climbing for the third time this week and touching the highest levels since June. It’s up $34 today to $1867, just $10 away from the June 2022 high of $1877. A break of the resistance at $1877 would also highlight a rough inverted head-and-shoulders pattern
Gold prices changed little in the international markets last year. Despite the geopolitical crisis and recession fears reigniting its safe-haven demand in the first quarter, a strong US dollar had cast shadows on the prospects of the yellow metal for the rest of the year. The aggressive rate hikes by the US Federal Reserve made
The 13th vote has started and Biggs, Boebert and Crane already voting for Jordan, but they did not nominate Herns or Jordan. Donald switched to McCarthy during the last vote. Herns – who Boebert nominated – voted for McCarthy. So he is not all-in and probably asked not to be nominated. Jordan has said he
Oil rebounded over 2% on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains. Big declines in the previous two days were driven by worries about a global recession, especially since short-term economic
Risk sentiment was surprisingly positive in the first week of the year. The stock markets ended on a high note after slowing wage growth in the US and faster cooling in Eurozone inflation. After some flip-flopping, Dollar selling re-emerged in the last session. It might take a week or two more to confirm the overall
Markets: Gold up $34 to $1867 US 10 year yields down 17 bps to 3.55% WTI crude oil flat at $73.67 S&P 500 up 95 points to 3924 NZD leads, USD lags We’re only four days into 2023 trading and we’ve already had some twists and turns, including some big ones today. The dollar was
Gold prices were little changed on Friday as cautious investors positioned themselves for key U.S. jobs data, but the safe-haven bullion was still bound for a third straight weekly gain. * Spot gold held its ground at $1,833.36 per ounce, as of 0035 GMT. For the week so far, it is up about 0.5%. *
Overall, the movements in the markets remain indecisive. Yen is staying soft after reversing all of earlier gains in the week, but holds above near term support levels. Dollar is stuck in familiar range against European majors and commodity currencies. The hawkish FOMC minutes provided no inspiration to the greenback. While Aussie surged yesterday, there
So far, there have been 4 flips in favor of McCarthy. UPDATE 12:45: 5Donald who once was a nominee, has now switched to McCarthy. UPDATE 12:49McCarthy still appears to lose the 12th nomination vote as 5 vote against McCarthy.. UPDATE 12:586Luna votes in favor of McCarthy. UPDATE 1:017Mary Miller votes in favor of McCarthy UPDATE
New Delhi, Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to Securities. The yellow metal had ended at Rs 55,803 per 10 grams in the previous trade. Silver also fell Rs 7 to Rs 68,700 per kilogram.
While the US delivers a set of solid non-farm payroll data, Dollar struggles to ride on it to extend the near term rebound. On the other hand, the report is being cheered by stocks investors, with futures shooting higher. Thus, risk-on sentiment is capping the greenback’s rally attempt. Softer than expected wage growth might be
If the reaction to yesterday’s hot ADP data is anything to go by, market participants are really looking for a theme to latch on to as we start the new year. But as a fair warning, it is just ADP numbers at the end of the day. The US non-farm payrolls report will be of
Oil prices rose around 1% on Friday, extending gains from the previous trading session after data showed lower fuel inventories following a winter storm that hit the United States at the year end. Brent crude futures last gained 79 cents, or 1%, to $79.48 a barrel at 0203 GMT, after settling up 85 cents at
The forex markets are largely in tight range in Asian session today. Dollar is currently the strongest one for the week, after the rally attempt overnight. But traders are still holding their bets ahead of today’s non-farm payroll data. For now, Canadian Dollar is the second best, followed by Aussie. Yen is the worst performer,
The Canadian dollar is weakening today with USD/CAD up 95 pips to 1.3573. That’s mostly from the US dollar side of the equation but I worry that the Canadian consumer could weaken more than markets are anticipating this year as mortgage resets bite. Canadian trade balance missed estimates today in a surprise fall into a
The ET Money Show: Why gold shines bright this year? – The Economic Times Video | ET Now ET Now | 05 Jan 2023, 08:16 PM IST Embed <iframe mozallowfullscreen=”true” webkitallowfullscreen=”true” allowfullscreen=”true” width=”560″ height=”420″ frameborder=”0″ src=”/videodash.cms?autostart=1&msid=96770134&rlvideo=1808152121″></iframe> The asset which is glowing brightly this year is gold! Will Gold deliver glittering returns in 2023?, we discuss
Dollar rises broadly in early US session as lifted by stronger than expected ADP private job data. Meanwhile, stock futures turn south, apparently triggered by affirmation of continuous tightening by Fed. Yet, traders would still hold the larger bets until tomorrow’s non-farm payrolls data. For now, Swiss Franc is following the greenback as the second