NEW DELHI: Gold prices inched lower, almost flat, on Thursday, following global trends as investors turned cautious ahead of US Federal Reserve Chair Jerome Powell’s speech this week, which could provide cues over economic stimulus. Gold futures on MCX were up merely 0.04 per cent, or Rs 17, at Rs 47,196 per 10 gram. Silver
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Swiss Franc drops sharply today, as pressured by selling against Euro, and rising treasury yields. Dollar once again tries to recover, but there is no committed buying yet. The greenback traders will carefully scrutinize the comments from Fed officials coming out today and tomorrow, as the annual Jackson Hole Symposium goes along. Meanwhile, commodity currencies
US Q2 GDP (second reading) +6.6% vs +6.7% expected Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT The second look at Q2 2021 GDP The advance reading on Q2 was 6.5% Q1 was 6.4% annualized 2020 GDP was -3.4% Personal consumption +11.9% vs +11.8% advance reading GDP price
New Delhi: Gold in the national capital on Thursday dipped Rs 265 to Rs 46,149 per 10 grams, in line with a fall in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, gold closed at Rs 46,414 per 10 grams. Silver also tumbled Rs 323 to Rs 61,653
Another round of selling was seen in Dollar overnight, as US stocks extended record run. But Yen was even weaker, following the strong rally in treasury yields. It remains to be seen if investors are already starting to position themselves for the Jackson Hole symposium. For now, Yen, Dollar, and Swiss Franc are the worst
Here’s a EUR/USD 1.16 forecast … in 6 months Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Does not augur well for active trading in the euro if so! Snippet via Rabo, As the winter approaches many policymakers in various countries are wary that some increase in covid
New Delhi: National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of
Dollar continues to pare back some of this week’s losses in early US session, after slightly better than expected durable goods orders. But strength of recovery is so far relatively weak. Markets are also generally in mixed mode. Euro has litter reaction to worst than expected Germany business climate data, too. Overall, traders are turning
What’s coming up today There’s a bit of back-and-fill today as markets settle in ahead of Friday’s Jackson Hole speech from Jerome Powell. The dramatic moves for the past few days have stalled and retraced somewhat but keep an eye on oil as it extends to new session highs. Economic data isn’t likely to be
NEW DELHI: Following global trends, gold prices moved lower on Wednesday as the US dollar ticked up and investors awaited for possible guidance on tapering of the pandemic-era stimulus. Gold futures on MCX were down 0.56 per cent, or Rs 265, at Rs 47,347 per 10 gram. Silver futures declined 0.65 per cent, or Rs
Dollar recovers mildly in Asian session today as selling lost some momentum. On the other hand commodity currencies are turning softer. Australian Dollar continues to be weighed down by surging coronavirus cases, as the State Premier also warned of “lots of pressures” on hospitals. But overall, traders are starting to turn cautious ahead of Jackson
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: Gold prices edged lower on Tuesday, bucking the trend of gains in global markets as early taper worries eased. However, a weaker dollar capped the decline. Gold futures on MCX were down 0.18 per cent, or Rs 84, at Rs 47500 per 10 gram. Silver futures declined 0.23 per cent, or Rs 147,
Commodity currencies suffered last week but Canadian dollar was the worst performer. Loonie declined -2.93% in the past week, making it the weakest amongst major currency pairs. Other than the broad-based strength in US dollar amidst speculations of early taper by the Fed, the sharp selloff in crude oil price was the ultimate reason driving
Philadelphia-area service sector data Prior was 53.8 Firm-level activity 37.2 vs 44.8 prior New orders 27.4 vs 31.8 prior Wage and benefit cost index 43.0 vs 50.2 prior Full time employment index 8.2 vs 24.8 prior This is a low-tier indicator. Here was the special question, which relates back to inflation expectations — something the
New Delhi: Gold in the national capital on Tuesday jumped Rs 170 to Rs 46,544 per 10 grams despite rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,374 per 10 grams. Silver also gained Rs 172 to Rs 61,584 per kg, from Rs 61,412 per kg
New Zealand Dollar rises broadly today after a top RBNZ official indicated that the decision to refrain from rate hike was mainly due to communication difficulty. Instead, the central bank is actively considering a 50bps hike. Strong rebound in Asian stocks also supported other commodity currencies, but positive sentiment is not much carried through to
NEW DELHI: After a sharp correction, if you are looking to buy gold and silver at the current levels then it may be better to wait as analysts believe precious metals will remain under pressure. Silver prices have seen a sharp plunge from Rs 69,000 a kg to Rs 62,000 in the last one month.