New Delhi: Gold in the national capital on Monday declined by Rs 316 to Rs 51,872 per 10 gram in line with fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 52,188 per 10 gram. Silver also tanked Rs 1,010 to Rs 65,443 per
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Yen, Swiss Franc, and Dollar are trading higher today on overall risk off sentiment. Selloff was particularly steep in Chinese stock markets on risks of more lockdowns in major cities, in particular Beijing. While European markets and US futures are in red, downside is relatively limited for now. Australian Dollar is still the worst performing
US Secretary of State Blinken and Defense Secretary Austin visited Kyiv on Sunday for the first high-level US visit to Ukraine since the Russian invasion met Ukrainian PM Zelenskiy and other officials Info via Reuters: Blinken and Austin told Zelenskiy US diplomats will return to Ukraine in the coming week, beginning in western city of
TOKYO: Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would dent global economic growth and fuel demand. Brent crude futures slid $1.90, or 1.8%, to $104.75 a barrel at 0015 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9%,
Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 GMT, recouping
Elon Musk is continuing his quest to buy twitter and dropping hints about a tender offer. At the same time, there’s this… The latest episode starts with a ‘leak’ of screenshots from Elon Musk’s telephone of SMS messages between him and — allegedly — Bill Gates. They have an appointment to meet at 720 Wednesday
Oil prices fell on Friday, heading for a drop of nearly 4% for the week, burdened by the prospect of rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil. Brent crude futures slid 81 cents, or 0.8%, to $107.52 a barrel
The US dollar is at the highest levels since the dawn of the pandemic and has surged higher today. What’s happening? In short, the market is no longer convinced that global central banks can tame inflation without a major hit to growth. Maybe that’s not a recession but it’s a much slower growth paradigm than
International gold started the week on a positive note and closed near key $2000/oz level but lost momentum and is now set for its first negative weekly close in three weeks. Gold has corrected over 3 per cent from the recent highs and is down about 1.5 per cent on the week. Gold came under
Speculations on aggressive Fed tightening intensified sharply last week after a chorus of hawkish comments from policy markets. Markets are indeed pricing in near 70% chance of federal funds rate at 1.50-1.75% by the end of first half, i.e., 125bps above current level. Stocks tumbled sharply towards the end, with DOW suffering the worst day
Markets: Gold down $19 to $1932 WTI crude down $2.54 to $101.23 US 10-year yields flat at 2.90% S&P 500 down 122 points, or 2.8%, to 4271 Nasdaq hits a six-week low USD leads, AUD lags For the second day, the market started out in a decent mood and imploded in a move that looks
NEW DELHI: Gold prices bucked the weak global trend to rise marginally in early trade on Friday but the upside remained capped amid firm US Treasury yields and a stronger dollar. The yellow metal, meanwhile, was headed for its first weekly losses in three. Gold futures on MCX added 0.16 per cent or Rs 86
Overall markets are relatively mixed. Euro’s rebound attempt yesterday was rather disappointing, but it’s nonetheless still the best performer for the week. Dollar staged a strong rebound overnight, with help from hawkish Fed and rising yield, but there is no clear follow through buying yet. Commodity currencies were generally hammered by risk off sentiment. Yen
Yellen: inflation may have peaked US economy is being very resilient in the face of a set of shocks Will have to put up with high inflation for a while longer Knows Federal Reserve will look carefully at the data in responding to inflation there is a possibility that imposing import bans on Russian energy
New Delhi: Gold prices spurted by Rs 263 to Rs 52,472 per 10 grams in the national capital on Friday in line with firm global trends, according to HDFC Securities. The precious metal finished at Rs 52,209 per 10 grams in the previous trade. Silver also moved higher by Rs 500 to Rs 67,707 per
Sterling drops broadly today as weak UK retail sales data argues that the expected consumption drag from high inflation might have arrived already. Aussie is currently the second worse for the day, then Kiwi. On the other hand, Dollar is rebounding broadly, followed with help from risk aversion again. Yen also strengthens slightly in tight
Japanese Finance Minister Suzuki escalated his verbal intervention in the yen in remarks today. Suzuki conveyed key points from a meeting he had with US Treasury Secretary Yellen, among them that he explained to Yellen that recent yen falls are rapid, but that he did not express concerns over the movement. Suzuki went on to
NEW DELHI: Gold prices eased on Thursday, following a rebound in US treasury yields which dented sentiments for bullion demand. US bond yields have marched higher on expectations that the Federal Reserve will aggressively hike interest rates as inflation accelerates at its fastest pace in 40 years. Gold futures on MCX dropped 0.11 per cent