KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, as crude strengthened and analysts estimated tightening December production and stockpile, although weaker rival oils weighed on prices. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 28 ringgit, or 0.58%, to 4,828 ringgit ($1,147.07) a tonne by
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The Fed this week will announce acceleration of QE tapering. With inflation approaching 7%, policymakers would likely revise its view on inflation outlook and “retire” the word “transitory”. The updated economic projections and median dot plots showing members’ interest rate projections would also be released. The Fed funds rate will stay a 0-0.25% until mid-2022.
Gold prices were flat on Thursday, as the U.S. and Treasury yields firmed ahead of key inflation data that could provide clues on the Federal Reserve‘s next policy move. FUNDAMENTALS * Spot gold was flat at $1,782.65 per ounce, as of 0236 GMT. U.S. gold futures fell 0.1% to $1,784.50. * Benchmark 10-year Treasury yields
India’s top oil and gas producer is seeking a minimum price of USD 3.5-4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura. Oil and Natural Gas Corporation (ONGC) has issued separate tenders seeking buyers of 0.02 million standard cubic meters per day of coal-bed methane
Gold prices edged higher on Friday but were headed for a fourth straight weekly fall as investors kept to the sidelines ahead of key U.S. inflation data that could influence the Federal Reserve‘s next policy move. FUNDAMENTALS * Spot gold rose 0.1% to $1,776.23 per ounce by 0057 GMT. U.S. gold futures gained 0.1% to
Investors seemed to have already put Omicron risks behind last week, with markets turned back into risk-on mode. But the forex markets were indeed quite mixed. Commodity currencies were the strongest ones, but the rebounds are looking more like corrective. Yen was the worst performer, but the pull-backs were very shallow Dollar remain stuck in
Iron ore futures slipped on Friday, as rising portside inventory of the steelmaking ingredient in top steel producer China, along with weak demand, signalled prices could further weaken in 2022. Iron ore for May delivery on China’s Dalian Commodity Exchange ended daytime trade 0.7 per cent lower at 639.50 yuan ($100.46) a tonne. The benchmark
The multi-decade high in US CPI reading appears to be failing trigger any move in Dollar. The greenback is staying in very tight range in general. Commodity currencies are indeed trying to regain upside momentum. Yen is set to end as the worst performing, followed by Swiss Franc and then Euro. In Europe, at the
New Delhi: Gold prices in the national capital on Friday gained Rs 61 to Rs 47,013 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,952 per 10 gram. Silver, however, declined by Rs 615 to Rs 59,273 per kilogram from Rs 59,888
The markets generally turn quiet in Asian session as markets are look forward to consumer inflation data from US. Before that UK GDP will also be a major focus. Commodity currencies, in particular Canadian Dollar, are losing much upside momentum even though they’re still the strongest ones. Yen’s earlier selloff also lost steam while Dollar
NEW DELHI: Gold prices inched higher on Friday but were poised for a fourth straight weekly fall as investors eyed key US inflation numbers. Inflation numbers could provide clues on the Federal Reserve’s next policy move. Bullion prices have fallen in the week as investors worried about higher inflation. Gold futures on MCX were up
Dollar rebounds mildly entering into US session, as supported by surprisingly good jobless claims report. Risk-on rallies in the stock markets also losing some momentum, helps lift Yen mildly. As for the week so far, Aussie remains the best performer, followed by other commodity currencies. Swiss Franc and Yen are the worst ones. There’s still
New Delhi: Gold prices slipped marginally by Rs 6 to Rs 47,156 per 10 gram in the national capital on Thursday on mixed global cues, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,162 per 10 grams. Silver also declined by Rs 158 to Rs 60,230 per kg
Market sentiment is generally positive in Asian session today. Australian and New Zealand Dollar are extending near term rebound. Other currencies are mixed, though. Canadian Dollar is paring some gains, after the non-eventful BoC rate decision. Sterling is trying to recover from yesterday’s selloff. Dollar and Yen are mixed. Technically, we’ll pay attention to both
NEW DELHI: Gold prices were marginally down on Thursday ahead of key inflation data and amid a firm US dollar. Inflation numbers could provide clues on the Federal Reserve’s next policy move. Bond yields moved higher, while the dollar also flexed its muscles, raising bullion’s cost to buyers holding other currencies. Gold futures on MCX
Following return of risk-on sentiment, commodity currencies are currently the best performers for the week. On the other hand, Swiss Franc and Yen are trading broadly lower, followed by Euro and Dollar. The economic calendar is very light today and main focus will be on BoC policy decision. At the same time, we’ll see if