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
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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
Feb 18: Gold prices on Friday were at their highest since June 2021 as mounting tensions between Russia and the West over Ukraine lifted bullion‘s safe-haven appeal, buttressed by lower U.S. bond yields. FUNDAMENTALS * Spot gold rose 0.3% to $1,902.20 per ounce, as of 0033 GMT, its highest in eight months. U.S. gold futures
The markets were rather indecisive last week, as there is still no clarity on the Russia-Ukraine situation. The fall in benchmark treasury yields and rally in Gold suggest some risk-off undertone. But then, the selloff in equities was not very committed. Meanwhile, crude oil price gyrated in established range on conflicting developments. In the currency
The week ended last week, with the risk of an imminent attach by Russia of Ukraine, and a week later, the risk remains. Today, the North American session began with overnight hope that a scheduled Russian foreign minister Lavrov and US Secretary of State Blinken meeting scheduled for next Thursday was what the markets needed
MELBOURNE: Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply. Brent crude futures fell 68 cents, or 0.7%, to $92.29 a barrel at 0124 GMT, extending a 1.9%
Even though the US markets were in deep selloff overnight, Asian markets are just mixed. Investors are still waiting for come clarity on the Russia-Ukraine situation before taking a committed move. Trading is also subdued ahead of a long weekend in the US, with a holiday on Monday. In the currency markets, Aussie and Kiwi
The reality of the on-the-ground situation in Ukraine is that separatists have controlled parts of the country for eight years. They’re recognized from abroad as part of Ukraine but, effectively, they’re not. A French Presidency source cited by Reuters said measures could be taken if “government-controlled” Ukraine was invaded. What that really means is that
New Delhi: Gold prices rose by Rs 77 to Rs 50,037 per 10 grams in the national capital on Friday, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,960 per 10 grams. Silver zoomed by Rs 379 to Rs 63,869 per kg, from Rs 63,490 per kg in the
The financial markets are generally quiet today. Stocks are slightly down by losses are limited. Retail sales data from Canada and UK are largely ignored. Commodity currencies are the strongest ones for now. Yen, Dollar and Euro are the weaker ones. There news of shelling in Ukraine east by Russian-backed separatists and there is still
I reckon the correction in oil here could run for quite a bit after having overseen eight straight weeks of gains. At the high this week, oil peaked at $95.79 on the back of Russia-Ukraine tensions but as the headlines in the past few sessions show promising signs of hope, we are seeing oil prices
NEW DELHI: Gold prices were trading ona volatile note, near their highest level since June 2021. Mounting tensions between Russia and the West over Ukraine lifted bullion’s safe-haven appeal, buttressed by lower US bond yields. However, deplomatic solution and various statements may continue to keep prices volatile. Gold futures on MCX were down by 0.36
Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market sentiment remains rather fragile and ultra-sentiment. Dollar and Yen are both picking up some buying while European majors are mixed.
Markets Gold up $28 to 8-month high at $1897 US 10-year yields down 7 bps to 1.97% WTI crude oil down $1.87 to $91.79 S&P 500 down 93 points to 4381 Nasdaq down 2.9% JPY leads, CAD lags Someone wake up the FX market. It was a rough day in the equity market and Treasury
Gold prices in the national capital on Thursday rallied Rs 513 to Rs 49,738 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,225 per 10 grams. Silver zoomed by Rs 190 to Rs 63,222 per kg, from Rs
The markets are overall mixed today, as investors are holding their breath, awaiting confirmation on whether Russia is going to invade Ukraine, or not. Gold jumps notably and is now eyeing 1900 handle on nervous sentiment. In the currency markets, Yen is currently the stronger one, followed by Kiwi and then Sterling. Canadian Dollar is