The latest International Atomic Energy Agency report says Iran’s store of uranium enriched to 60% levels increased 77% to 17.7 kilograms This could be used in nuclear weapons says the report. “The Agency’s verification and monitoring activities have been seriously undermined as a result of Iran’s decision to stop the implementation of its nuclear-related commitments,” IAEA Director
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Gold prices edged up on Thursday, as the eased and U.S. bond yields retreated from a three-week high, lifting bullion’s appeal. FUNDAMENTALS * Spot gold rose 0.1% to $1,869.45 per ounce by 0046 GMT, after hitting a fresh over five-month peak on Wednesday. U.S. gold futures gained 0.1% to $1,871.50. * The dollar fell 0.1%,
Sterling jumps broadly today after much stronger than expected consumer inflation data, that raises the chance that BoE will “have to act” on interest rates soon. On the other hand, Canadian Dollar shrugs off strong, but inline with expectation CPI. Dollar is still among the strongest for the week, but it’s apparently taking a breather
The weekly EIA energy inventory levels Crude oil -2.101M versus estimate of 1.398M. Last week crude inventories rose 1.0M Gasoline -0.132M versus estimate of -0.575M. Last week gasoline inventories felt -0.122M Distillates -0.824M versus estimate of -1.229M. Last week distillates fell -2.613M Cushing 0.216M versus last week -0.034M. Refining utilization 1.200% versus expected 0.7% crude oil production 11.4M
New Delhi: Gold in the national capital on Wednesday declined by Rs 402 to Rs 48,116 per 10 gram, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,518 per 10 gram. Silver also dipped Rs 528 to Rs 65,218 per kilogram from Rs 65,746 per kilogram in the
Dollar’s rally extends in Asian session, with EUR/USD breaching 1.13 key support zone. Meanwhile, USD/JPY also breaks 114.86 near term top. Sterling is so far very resilient as markets await inflation data from the UK. Canadian Dollar is just mixed ahead of Canada CPI. Much volatility is likely in the day ahead. In other markets,
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 inched higher on Wednesday but analysts warned that a sharp rise in the prices makes the yellow metal vulnerable to corrections, especially if the US dollar holds firm. Gold futures on MCX were trading marginally higher by 0.11 per cent or Rs 53 at Rs 49,090 per 10 grams. Silver futures
Sterling rises broadly today with help from solid job data, which eased the concerns over the impact of end of furlough scheme. Dollar is also firm as supported by better than expected retail sales sales. Euro is trying to digest some losses but stays weak on dovish ECB expectations. On the other hand, commodity currencies
The comments are in line with acting EIA head Nalley The House Majority Leader Hoyer is diverging from Senate Majority Leader Schumer who would like to see the strategic petroleum reserves tapped in an average lower gas prices. Hoyer is siding with the EIA acting head Nalley who today said that tapping the SPR would only have a short lived impact on oil markets. He is saying: Hee
The International Energy Agency (IEA) said Tuesday a reprieve from soaring oil prices may be on the horizon as output increases. Shortages of natural gas and coal have triggered a switch to oil, boosting demand for crude and fuelling a rise in prices. Last month, the IEA, which advises governments on energy policy, said oil
Euro tumbled broadly overnight, riding on dovish comments from ECB President Christine Lagarde. In short, Lagarde continued to talk down the need of early stimulus withdrawal and warned of the hurt to recovery for doing so. Swiss Franc is currently the second weakest, followed by Yen. On the other hand, commodity currencies are the stronger
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 held steady at their five-month peaks on Tuesday after a strong up move in the previous session. Concerns over broadening inflationary risks kept bullion’s safe-haven appeal intact in the face of a stronger US dollar and elevated bond yields. Gold futures on MCX were up by 0.12 per cent or Rs
Australian Dollar leads other commodity currencies higher today, as supported by solid risk appetite. US futures indicate a much higher open and extended rally could push major indices to new record highs later this week. Dollar and Euro are currently the weakest ones for the day, followed by Yen. Sterling and Swiss Franc are mixed.
Bank of England’s Bailey test foreign to Treasury select committee (with others) Highlights of Bank of England’s Bailey’s testimony Very uneasy about inflation situation November decision was a very close call We now have much more two-sided risks Labor market looks tight Real puzzle we have is what happens at end of furlough scheme Big question
New Delhi: Gold in the national capital on Monday dipped by Rs 82 to Rs 48,246 per 10 gram in line with weak international precious metal prices and a stronger rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,328 per 10 gram. Silver also declined Rs 208
Dollar retreats mildly in quiet Asian session today, but loss is limited. Some consolidations will likely be seen and further rally in the greenback is still likely to follow. Yen is also slightly softer after worse than expected GDP data. On the other hand, Swiss Franc and Euro are trading mildly higher while Aussie is