Gold Gold is actually really simple to trade at the moment as it is being driven by the US yield story. The expectations of the Fed having to move on hiking rates more quickly at is sending real yields higher. Remember that falling real yields is good for gold, and rising real yields is bad
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New Delhi: Gold rallied Rs 195 to Rs 46,625 per 10 gram in the national capital on Thursday in line with gain in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,430 per 10 gram. Silver also jumped Rs 569 to
The forex markets are rather quiet in Asian session today. Trading will probably remain subdued with US on holiday. The greenback remains the strongest one for the week on speculation that the “transitory” yet persistent strong inflation would eventually force Fed to raise interest rate earlier. Canadian Dollar is currently the second strongest for the
Daily thread to exchange ideas and to share your thoughts Another reminder that it will be Thanksgiving in the US so holiday-thin trading conditions are going to be part of the consideration in the next two days. I’ve never been a fan of holiday trading but just bear in mind that we could get some exacerbated moves
NEW DELHI: Gold and silver futures prices were trading with gains on Thursday but comments from the US Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering kept the gains in check. A growing number of Fed policymakers indicated they would be open to speeding up the elimination of their bond-buying program if
Dollar’s rally continues today and stays firm after much better than expected jobless claims data. Yen is following as second strongest on risk-off sentiment, as major European indexes and US futures are in red. On the other hand, New Zealand Dollar remains the worst performing one on post-RBNZ selloff, Aussie and Loonie are following. Technically,
The Dallas Fed trimmed mean Today’s PCE data was re-worked by the Dallas Fed to offer a clearer underlying picture. Just on the monthly changes alone and stripping out several parts, the annualized rate of inflation was 4.2%, a slowdown from 4.9% September. It’s a different picture in the six-month view, with the annualized rate
Kolkata: BSE, India’s second-largest commodity exchange, has signed a Memorandum of Understanding (MoU) with the Madurai District Gold and Silver Merchant Association to provide an impetus for the growth and development of commodities and proposed Electronic Gold Receipt (EGR) market in India. Through this association, both entities, as well as the stakeholders they serve, will
The RBNZ raised the OCR by +25 bps to 0.75%, as we had anticipated. Policymakers sounded more cautiously about the economic outlook while reiterating the stance of continued reduction of stimulus. Kiwi extended recent correction after the announcement. On the monetary policy outlook, the central bank reiterated that “it remains appropriate to continue reducing monetary
Daily thread to exchange ideas and to share your thoughts A reminder that tomorrow is Thanksgiving so trading conditions this week may be a little affected by that, with things possibly being more messy today before turning quiet ahead of the holiday break. I know it isn’t a holiday on Friday but typically US traders will be
NEW DELHI: Gold and silver futures prices were trading with gains as low level buying was seen early on Wednesday amid strong US dollar which is raising bullion’s cost to buyers holding other currencies. Investors are betting that the newly renominated Fed Chairman Jerome Powell will need to step up the pace at which the
Markets are trading in mild risk off sentiment, while treasury yields also surge. New Zealand Dollar is leading other commodity currencies lower, and Sterling is week too. On the other hand, Euro and Swiss Franc are currently the stronger ones, followed by Dollar and Yen. But overall, it should be noted that Euro’s recovery is
Mixed picture globally France’s health minister today reported 30,500 new covid infections in the past 24 hours. The peak in the August wave was 30,900 and seven-day average is 18,477 so that’s worrisome. At the same time, it’s not all that surprising as neighbouring Germany and the Netherlands are near all-time highs. Oil is a
New Delhi: Gold in the national capital on Tuesday plunged Rs 810 to Rs 46,896 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,706 per 10 gram. Silver also cracked Rs 1,548 to Rs 62,720 per
Dollar surged overnight after Fed Chair Jerome Powell was nominated for a second term by US President Joe Biden. The greenback stays firm in Asian session and is ready to extend its near term rally. On the other hand, New Zealand Dollar is trading notably lower, as traders are probably pricing out the chance of
Reuters reports It is said that some offshore bondholders of Kaisa who did not receive coupon payments this month have tapped investment bank Moelis & Company to advise them on how to go about the situation, citing a source with direct knowledge on the matter. For some context, Kaisa has not paid coupons totaling over
NEW DELHI: Gold and silver futures prices were trading with marginal gains as low level buying was seen early on Tuesday after a sharp fall a day prior. However, the gains were checked as dollar rose. The dollar index held near a 16-month peak after Biden on Monday nominated Fed Chair Powell for a second
What’s the trade There’s a new report saying the US is ‘poised’ to release strategic oil reserves along with other countries. India, Japan and China are some of the nations that have been previously reported to be on board. The announcement could come as soon as tomorrow, according to the report. You would think it