The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar are under some selling pressure. Euro and Sterling are mixed despite hawkish comments from ECB
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Gold has been one of the bigger beneficiaries in this whole Russia-Ukraine episode but as risk fortunes start to turn, we’re not seeing a material unwind in gold just yet. I mean, it may still a bit early so there’s nothing wrong with that. But often times, markets tend to act first and then work
New Delhi: Gold prices fell by Rs 126 to Rs 49,960 per 10 grams here on Wednesday amid a decline in international prices along with gains in the rupee, according to HDFC Securities. The yellow metal had closed at Rs 50,086 per 10 grams in the previous trade. Silver was almost flat on Wednesday at
Market sentiment sinks deeply after Russian President Valdimir Putin declared recognition of independence of the breakaway regions of eastern Ukraine, and ordered troops to enter the regions, which is seen as risk of imminent invasion. Coordinated sanctions on Russia are expected shortly from the US and allies, including the UK, France and Germany. It seems
The Russian Parliament rubber stamped Russian President Putin’s request to deploy troops and invade SE Ukraine. Putin frames it as a way to protect and come to the aid of the Russian separatists in Bonestsk and Luhansk after declaring them independent, but NATO sees it as an invasion of at least part of a nation
New Delhi: Gold prices in the national capital on Tuesday jumped by Rs 552 to Rs 50,518 per 10 gram in line with positive global trend and a rupee depreciation, according to HDFC Securities. The yellow metal had closed at Rs 49,966 per 10 gram in the previous trade. Silver also shot up by Rs
The markets are surprisingly calm despite some initial volatility on escalation in Russia Ukraine situation. News of sanctions on Russia are staying to flow out, with the UK sanctioning five Russians banks and three individuals. Germany also put the certification of the Nord Stream 2 gas pipeline on hold. But there are just very little
It didn’t take much really. There was a gradual turn in the risk mood early on but it quickly accelerated after Ukraine president Zelensky’s remarks here. That pretty much reaffirms some scenario where we will see most of the tensions centered around Donbass and after Russia is slapped with light sanctions, there’ll be a bit
NEW DELHI: Gold prices rallied on Tuesday, hitting a nine-month high, as geopolitical worries intensified. Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian Army to launch what Moscow called a peacekeeping operation into the area, accelerating a crisis the West fears could unleash a major war.
The markets are steadily mixed in Asian session today. Sentiment is stabilized somewhat on news that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, as brokered by French President Emmanuel Macron. Nevertheless, risks of imminent war remain. For now, Aussie and Kiwi are the slightly
Saudi Aramco CEO Amin Nasser spoke on Monday. “China is an important part of Aramco’s base,” “And we are currently in discussions with a number of our partners in China for more investment,” declining to disclose the nature or size of potential investments And also: He told the conference on Monday that while oil demand
NEW DELHI: Gold prices were largely unchanged in Monday’s session, trading near eight-month high levels, as renewed Russia-Ukraine tensions supported safe-haven demand. Gold futures on MCX were trading flat, down 0.03 per cent or Rs 13 at Rs 50,099 per 10 grams. Silver futures were trading 0.45 per cent or Rs 287 lower at Rs
Risk sentiment turns sour again as the arrangement for a Biden-Putin summit looks far from being promising. As the same time, there seems to be some scattered escalations in Russia-Ukraine situations. Major European indexes are trading mildly lower, together with US futures. Gold is holding in tight range slightly below 1900 handle. But in the
Regulators, policymakers need to support more investment in the sector Otherwise, we will face major problems There is no adequate investment in the sector Today’s investment is not adequate to sustain global demand in short to medium-term Close to reaching pre-pandemic level in terms of supply Sees pick up in demand in the rest of
New Delhi: Gold prices on Monday declined by Rs 212 to Rs 49,827 per 10 gram in the national capital, in line with selling in the overseas markets, along with a rupee appreciation, according to HDFC Securities. The yellow metal had closed at Rs 50,039 per 10 gram in the previous trade. Silver tumbled by
A welcome (and huge) jump for the services PMI as Australia’s two largest population states of New South Wales (capital is Sydney) and Victoria (Melbourne) consolidated reopening and restrictions were dialled back further. IHS Markit, comments – highlighting the (globally) familiar themes of input shortages (supply chain disruption) and price rises: “Demand and output both
SINGAPORE – Oil slid more than 2% in early Asian trade on Thursday after both France and Iran said parties are closer to an agreement to salvage Iran’s 2015 nuclear deal with world powers, offsetting ongoing concerns over the situation in Ukraine. U.S. West Texas Intermediate (WTI) crude was trading down $2.50, or 2.7%, at
Gold steadied on Thursday near an eight-month high touched earlier this week, as the U.S. dollar and Treasury yields dipped on less hawkish-than-feared Federal Reserve minutes, and as the Ukraine crisis boosted demand for the safe-haven metal. FUNDAMENTALS * Spot gold held its ground at $1,868.36 per ounce, as of 0123 GMT. Bullion had hit