Overall outlook in the markets are unchanged, with US futures pointing to slightly higher open. DOW and S&P 500 could continue their record runs. Selloff in Yen remains the main theme while Sterling is strong together with Aussie and Kiwi. Euro and Dollar are both soft and bounded in range against each other. Technically, a
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Gold prices declined by Rs 98 to Rs 46,688 per 10 gram in the national capital on Thursday in line with weak global cues, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,786 per 10 gram. Silver also tumbled Rs 699 to Rs 60,024 per kg from Rs 60,723
Selloff in Yen continued as DOW was pushed to new record by risk-on sentiment, while US benchmark treasury yield also jumped. Dollar is also under some pressure together with Canadian and Euro. On the other hand, Sterling continues to be the outperformer, leading Aussie in the race. With easing fear on Omicron, the markets look
New Delhi: Gold price in the national capital on Wednesday declined by Rs 216 to Rs 47,010 per 10 gram in tandem with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 47,226 per 10 gram. Silver also tanked Rs 179 to Rs 61,348
The markets are staying in holiday mood today, with little news flow and no important data release. There is nothing to stop Yen’s decline. But as risk sentiments turned steady, commodity currencies are paring some gains. Instead, Sterling is outshining others and it’s trading mildly higher broadly. Dollar is firm with Euro but there is
The dollar is faring slightly better on the day but the usual year-end caveat applies. As much as the move here looks enticing, be reminded that it comes amid thin liquidity conditions. That makes it tough to really trust any breakout. In the case of USD/JPY, the weekly close will be an interesting spot. Buyers
NEW DELHI: Gold prices traded flat with a negative bias on Wednesday as a boost from weaker US Treasury yields countered the impact from a slight improvement in risk sentiment. Analysts said that gold trading is likely to remain thin and range-bound this week, whereas rising cases of Omicron variant may add to bullion’s appeal.
Global daily COVID-19 cases hit a new record on Monday, with more than 1.44 million infections recorded. This comes amid a surge in omicron infections and that is no surprise with the variant being the most transmissible one yet. Of note, the 7-day rolling average of cases also jumped to roughly 841,000 – a 49%
New Delhi: Gold price in the national capital on Tuesday gained Rs 80 to Rs 47,233 per 10 gram in line with recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 47,153 per 10 gram. Silver also jumped Rs 580 to Rs 61,266 per
Australian Dollar rides on solid risk-on sentiment and rallies broadly today. US futures point to higher open while S&P 500 would extend record run. Swiss Franc is surprisingly firm too but it’s helped by selloff against Euro, together with Sterling. Dollar is currently the worst performing, together with Canadian and Yen while Euro is not
S&P 500 futures +0.3% Nasdaq futures +0.5% Dow futures +0.3% It’s all looking good for stocks but again, just be wary that we’re navigating through thin liquidity conditions. It is hard to trust moves during the festive season to New Year’s period so keep that in mind. I’d wait on any follow through next week
NEW DELHI: Gold and silver prices rose in Tuesday’s session, bucking the international trend, as many states enforced curbs on movement, which analysts say will hit economic recovery. However, gains were checked by the rise in two-year Treasury yield which leapt to the highest in almost 22 months in Tokyo, increasing the opportunity cost of
Yen is trading broadly lower this week, and remain soft in Asian session, following the rally in US stocks overnight. Dollar is also weak in risk-on markets, while Euro is not far away. On the other hand, Sterling is so far the strongest one, followed by Aussie. The economic calendar is very light in the
The major European indices are closing higher on the day. The one laggard is the UK FTSE 100 which is closing near unchanged. A look at the major indices shows: German Dax, +0.5% France’s CAC, +0.75% UK FTSE 100, unchanged Spain’s Ibex, +0.7% Italy’s FTSE MIB, +080% A snapshot of the US stock market is
Gold prices rose by Rs 18 to Rs 47,175 per 10 gram on Monday following firm global cues, according to HDFC Securities. In the previous trade, gold prices had settled at Rs 47,157 per 10 gram. Silver prices tanked by Rs 342 to Rs 60,710 per kg from Rs 61,052 per kg in the previous
Kolkata: SohanLal Commodity Management (SLCM), a leading holistic service provider in the global post-harvest space for agricultural commodities has signed an agreement with the Tamil Nadu Foodgrains Marketing Yard (TFMY) to provide finance against commodities stored in the TFMY warehouse facility. Tamil Nadu Foodgrains Marketing Yard (TFMY) is a project that aims to provide necessary
MELBOURNE: prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 0.7%, to $71.62