It might be a long time before we see something as crazy as Gamestop again. For now though, the mania is over. The pandemic trades are all unwinding and so is this one as shares fall another 7.8% today. They’ve declined to $108 from $154 since the start of the year — a 29% decline.
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New Delhi, Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,837 per 10 grams. Silver was flat at Rs 61,835 per kg from Rs
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest one. Canadian Dollar, on the other
The technical break continues to run as 10-year Treasury yields now hit 1.84% and is at the highest since January 2020. That now sees yields move back above its 200-day moving average (blue line) and could be heading towards the November to December 2019 highs around 1.96%. That alongside the 2% psychological level will be
NEW DELHI: Gold prices were trading flat on Tuesday as a weaker dollar partially offset pressure from elevated US Treasury yields, which dim the appeal of non-yielding bullion. The focus is now on the US Federal Reserve’s meeting, which is scheduled on January 25-26 after policymakers signalled that they would start raising interest rates in
Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, following Yen. Other currencies are mixed for now. Overall, trading is rather subdued with US on holiday. Technically, while Canadian
The main theme in today’s holiday-thinned FX trade is yen weakness. It’s a reversal from the trend late last week, where the yen was ascendant. The pattern on the USD/JPY chart is a bit of a three-candle reversal, although there’s still some work to do today. The pair is up 37 pips to 114.57. What
New Delhi: Gold prices rose by Rs 176 to Rs 47,881 per 10 grams in the national capital on Monday in line with gains in the precious metal in the global markets and a weaker rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,705 per 10 grams.
The markets are overall relatively quietly in Asian session today and trading could be subdued with US on holiday. Canadian Dollar is resilient with WTI oil staying firm at around 84 handle. Euro and Dollar are both strengthening notably. On the other hand, Yen, Aussie and Kiwi are softening. In particular, traders seem to be
The People’s Bank of China announced a 10 basis point cut to the one-year medium term lending facility (MLF) rate from 2.95% to 2.85% and 7 day reverse repo open market operation rate from 2.20% to 2.10%. This was the first MLF cut since April of 2020. On Thursday (20 January) this week the Bank
Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. U.S. gold futures edged down 0.1% at $1,815.00. * U.S. 10-year Treasury
Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel. It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting a low
Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike. FUNDAMENTALS * Spot gold was flat at $1,824.55 per ounce by 0109 GMT. U.S. gold futures
Treasury yields are at the highs of the day but that’s no obstacle for US stocks. The S&P 500 is nearly back to unchanged after falling by more than 40 points a few hours ago. In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up
Jan 14: Gold prices on Friday were poised for their best weekly gain since last November, as investors await economic data that could provide clarity about U.S. Federal Reserve’s tapering policy, while a weaker and Treasury yields supported bullion. FUNDAMENTALS * Spot gold was flat at $1,820.08 per ounce, as of 0048 GMT. U.S. gold
Strong US inflation reading and hawkish comments from Fed officials were the main theme in the markets last week. While much volatility was seen in the stock markets, major indexes remained rather resilient. Dollar got practically no support from expectation of three Fed hikes year this, and tumbled broadly. Euro finally broke out of range
Omicron has arrived in Beijing ahead of the Olympics. City officials said today that a woman from Haidian district reported having a sore throat on Thursday and a fever a day after. She tested positive for Covid-19 on Saturday morning. She hadn’t left the city in the prior two weeks and had not been in
NEW DELHI: Gold prices were trading higher on Friday, poised for a strong weekly gain in more than two months. The higher inflation and pressure on bond yields may keep gold prices up for the medium term. Investors await economic data that could provide clarity about the US Federal Reserve’s tapering policy, while a weaker