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New Delhi: Gold in the national capital on Tuesday gained Rs 53 to Rs 46,844 per 10 grams reflecting overnight rebound in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,791 per 10 grams. Silver also moved higher by Rs 45 to Rs 63,333
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Australia Dollar tumbles broadly today as markets are dissatisfied with RBA’s dovish stance, even though yield curve control is abandoned. Commodity currencies are also trading generally lower. On the other hand, Yen is staging a strong rebound after Japanese Finance Minister Shunichi Suzuki said he’s keeping an eye on the weakening exchange rate. The move is
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New Delhi: With Diwali round the corner, buying gold on this auspicious occasion is discussed in several Indian households. However, the precious metal has been missing its charm recently. It has remained in a tight range, though it outperformed other asset classes in the pandemic-hit 2020. Domestic gold imports witnessed a sharp jump but strong
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The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market has priced in over 60% of a rate hike in June 2022. This appears unlikely
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Manufacturing falls in the final revision Prelim was 59.2 60.7 prior Chris Williamson, Chief Business Economist at IHS Markit said: “October saw US manufacturers report yet another near-record lengthening of supply chains, with shortages of components constraining production growth to the lowest since July of last year. Around half of all companies reporting lower production
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Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election.  Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives, ensuring continuity of the economic policies. While other Asian markets are mixed, Yen is trading
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(This story originally appeared in on Oct 29, 2021) CHENNAI: Demand for gold may have dropped 7% globally during the July-September quarter, but there was no dent in purchases of the yellow metal in India, rising 47% to over 139 tonnes by volume. The growth was driven by falling Covid infection rates, which pushed people
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Euro ended as the worst performing one after the post ECB rally faded quickly. It’s clear that ECB would lag behind other major central banks in stopping to add stimulus, not to mention raising interest rate. The selloff in Euro also dragged down Sterling, as both were sold off against Swiss Franc. Australian Dollar ended
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