New Delhi: Gold in the national capital on Thursday fell by Rs 442 to Rs 51,010 per 10 grams in line with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,452 per 10 grams. Silver also declined by Rs 950 to Rs 64,167
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Dollar’s broad based rally continues into US session. The unexpected contraction of Q1 US GDP might give the greenback a little jitter. But it’s unlikely to alter the up trend for now. As for today, Canadian Dollar is the second strongest Yen is the worst performing one on post-BoJ selloff. But Kiwi and Sterling also
As expected, the BOJ left policy unchanged today but it is making a stand in trying to maintain yield curve control. The Japanese central bank vowed to continue with unlimited bond buying of 10-year JGBs at 0.25% at every business day, unless it becomes clear such an offer would draw no bids. That has helped
Gold prices weakened on Thursday towards a two-month trough hit in the previous session, as the U.S. dollar steadied near five-year highs, hurting demand for greenback-priced bullion. FUNDAMENTALS * Spot gold was down 0.1% at $1,885.20 per ounce, as of 0038 GMT. U.S. gold futures were also down 0.1% at $1,886.40. * The dollar was
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar recovers mildly as stronger than expected CPI data prompted some speculations that RBA could hike next week. But it’s not
It did not take long for the US major indices to turn back into the negative after running higher at the open. The Dow industrial average is now down -66 points or -0.2% at 33173.42 S&P index is down -4.11 points or -0.10% at 4171.10 NASDAQ index is down -37.85 points or -0.30% at 12452.89
New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs
Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity
The first part of the headline is related to today’s Australian Q1 CPI data which say the ‘trimmed mean’ measure of core inflation (the RBA’s go-to measure of underlying inflation) jump above the top of the Reserve Bank of Australia’s target band of 2 – 3% to 3.7% y/y. The headline rate hit a whopping
Gold prices eased on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. FUNDAMENTALS * Spot gold was down 0.1% at $1,903.16 per ounce, as of 0037 GMT. U.S. gold futures were up 0.1% at $1,905.80. * The dollar held steady after climbing to
Markets sentiment stabilized a bit in Asia, following the recovery in US stocks overnight. Commodity currencies are paring some losses while Dollar and Yen are retreating. But so far, the Japanese currency is still the strongest one for the week, backed by overall risk-off sentiment, while Dollar is also firm, except versus Loonie. Euro is
There’s an old saying that a bull market ends when the ‘generals’ of the rally are taken out and shot. Undoubtedly, the generals of the most-recent era have been FAANG and chipmakers. If you pull up any of those charts, they’re looking precipitous or worse. One of the holdouts has been Tesla but today it’s
NEW DELHI: In the last few weeks Castor seed prices have moved in a range of Rs 7,000-7,300. Prices were near the Rs 7,500 mark during the last week of the previous month, but presently the commodity trades in a moderate price band. Analysts tracking the commodity said buyers are getting abundant supplies from this
Overall risk sentiment is mixed today with mild recovery in European stocks, even though US futures still point to lower open. Major global benchmark treasury yields are turning softer. Dollar, Swiss Franc and Yen are staying as the strongest ones. Selling focus, however, has turned to Sterling in Euro. Commodity currencies turned mixed for now,
There was plenty of information flow swirling during the Asia timezone. Early in the session Russian Foreign Minister Lavrov warned of serious and real risks of nuclear war. Market response seemed subdued and jaded. Musk’s purchase of Twitter continued as a hot topic. USD/JPY dropped for late US levels circa 128.15 to lows just under
April 26: Gold on Tuesday firmed above a near four-week low hit in the previous session, as lower U.S. Treasury yields lifted prices and a slight retreat in the dollar offered support. FUNDAMENTALS * Spot gold was up 0.2% at $1,902.31 per ounce, as of 0033 GMT. U.S. gold futures were up 0.3% at $1,902.30.
Risk aversion dominates the markets in Asia with concerns on more tough lockdowns in China, including the capital city of Beijing. Dollar jumps broadly higher, with Yen and Swiss Franc as distant second and third. Aussie and Kiwi are extending last week’s decline, trading as the worst ones for today so far. Euro is the
Prior was +8.7 Output 10.8 vs 13.2 prior The company outlook index slipped to -5.5, its lowest reading in two years New orders 12.1 vs 10.5 prior Unfilled orders 10.5 vs 12.4 prior Shipments 11.8 vs 7.0 prior Wages and benefits 50.9 vs 55.2 prior Employment 24.6 vs 25.5 prior Capex 19.0 vs 19.5 prior