Gold prices on Monday jumped by Rs 255 to Rs 48,431 per 10 grams in the national capital on strong global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,176 per 10 grams. Silver also moved up by Rs 80 to Rs 64,793 per
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The forex markets are pretty steady in Asian session even though others trade with a slight risk-off tone. Major pairs and crosses are stuck inside Friday’s range for now. But volatility is guaranteed ahead, with Fed and BoC featured, as well as a large batch of important economic data. As for today, main focuses will
Though that has been the same old story last week before it all turned into a bloodbath at the end of the day. And one can argue that the latest bounce here is also one that may prove to be rather shallow and insignificant. S&P 500 futures +0.7% Nasdaq futures +0.9% Dow futures +0.7% The
NEW DELHI: Gold prices were trading little higher on Monday, as investors awaited the US Federal Reserve’s outcome, scheduled later in the week. Meanwhile, concerns over inflation and Russia-Ukraine tensions kept bullion’s safe-haven allure intact. Traders will seek confirmation on the interest rate hike path of the US central bank. Gold futures on MCX were
Hong Kong recorded 140 new covid cases today as the outbreak takes a turn for the worse. It’s just shy of the record 149 cases at the high of the third wave in July 2020. Cases jumped from 26 on Saturday, in part because of an outbreak in an apartment building. Cases of omicron are
Gold prices on Thursday steadied near a two-month high hit in the previous session, with higher U.S. Treasury yields preventing any gains amid caution building around developments at the U.S. Federal Reserve‘s meeting due next week. FUNDAMENTALS * Spot gold was flat at $1,839.36 per ounce as of 0031 GMT, steadying near its highest since
The US major stock indices continue to tumble lower. The last two trading days has seen selling into the close, and with less than an hour left and trading, the pattern may be continuing today. The E-mini S&P futures contract is now broken below its 200 day moving average. The S&P 500 cash index has
SINGAPORE: prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits. Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark
Blackrock is out with its latest macro perspectives note and it makes a compelling argument: Inflation is largely driven by supply shocks, not fiscal policy and raising rates isn’t the solution. It’s been largely driven by manufacturing shortages and a shift in consumer spending into goods rather than services. We’ve heard all this before and
TOKYO : Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in U.S. crude and fuel stockpiles prompted investors to take profits from the rally. Brent crude futures dropped $2.46, or 2.8%, to $85.92 a barrel by 0136 GMT. The contract earlier fell by as much as 3%, the
It’s not Omicron nor Fed rate hike, but earnings. Bullish investors appeared to have finally gave up after disappointing Netflix report last week. NASDAQ led other major indexes sharply lower, and dragged down cryptocurrencies too. Given that Apple and Tesla will come next, there is risk of even more downside pushes in sentiments. In the
How can you not start the end of day and week summary by not speaking to the beating the US stocks took. For the 3rd day in a row the major indices are closing at or near their lows. The Dow and S&P had their worst week since October 20, 2020 (the Dow fell 1600
NEW DELHI: Gold is considered a safe haven asset where investors rush in times of crisis. Inflation, which has been rising across the world, is also usually supportive of gold prices. Does this mean gold prices will rise now? Prashant Jain, the chief investment officer of HDFC Mutual Fund, believes even inflation may not help
The markets are set to end the week with a pessimistic tone. Major European index are trading in deep red while US futures point to a weak open. In the currency markets, Swiss Franc is the strongest one for today, followed by Euro and then Yen. Aussie and Kiwi are the worst ones, but Sterling
We’re on the rollercoaster now and there’s no telling where it will take us. The S&P 500 has nearly erased a +60 point decline and is largely unchanged. I think some of this is trying to figure out what’s happening with Ukraine-Russia but the are a multitude of other factors in play: Tech reassessment (maybe
New Delhi: Gold prices rose Rs 29 to Rs 48,340 per 10 grams in the national capital on Friday following overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 48,311 per 10 grams. Silver prices also soared Rs 634 to Rs
Yen is regaining strength in Asian session today and sentiment turned risk-off again. In particular, selloff is particularly apparent in cryptocurrencies. Swiss Franc, Euro and Dollar are all ticking up slightly. On the other commodity currencies are under some pressure, with Aussie leading the way down. For the week, Yen is currently the best performer,
Oil has had a solid run of gains in the past few weeks and in the early stages of this week, it looked immune to the deteriorating risk sentiment in equities. But we’re starting to see some catch up now and you can pin it to numerous factors i.e. geopolitical risks receding, technical exhaustion, or