Gold silver ratio The gold silver ratio is down near its 2016 lows. What is it? The gold to silver ratio represents the relative value of one ounce of silver to one ounce of gold. It is a weight for weight comparison. In basic terms the ratio shows you how many ounces of silver you
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NEW DELHI: Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar, while investors awaited minutes from the US Federal Reserve’s last policy meeting as inflation worries persist. However, Indian markets bucked the global trends on the back of mixed cues. The US central bank has pledged to keep interest
Dollar’s decline slowed in Asian session today, but remains generally weak, in particular against European majors. Though, indecisive risk sentiment is somehow limiting upside in commodity currencies, with Canadian Dollar following oil prices lower today. There is prospect of more volatility in the markets today, with consumer inflation data from UK and Canada featured. FOMC
US vaccination rate in the US is at 37% with at least 1 dose at 48% Canada PM Trudeau on vaccinations is saying that 75% is key for reducing restrictions. Well I guess the US is jumping the gun at 37% fully vaccinated and 48% with at least one dose. In my state, the visit to Costco yesterday had about
LONDON: Most industrial metals prices rose on Tuesday as investors betting on a long period of low interest rates bought riskier assets, pushing global stock markets higher and dragging the dollar to its weakest since February. The weaker greenback helps dollar-priced metals by making them cheaper for buyers with other currencies. Benchmark copper on the
Dollar’s selloff intensifies today as risk-on sentiment is slowly coming back to the markets. Yen is following as the next weakest. European majors are currently the main winners. Commodity currencies are somewhat lagging behind. In other markets, European indexes are trading slightly higher while US futures also point to higher open. Gold and oil prices
Latest data released by ONS – 18 May 2021 Prior -10.1k Claimant count rate 7.2% Prior 7.3% March ILO unemployment rate 4.8% vs 4.9% expected Prior 4.9% March employment change 84k vs 50k 3m/3m expected Prior -73k March average weekly earnings +4.0% vs +4.5% 3m/y expected Prior +4.5% March average weekly earnings (ex bonus) +4.6%
NEW DELHI: Gold prices on Tuesday rose to their highest in more than three months as a weaker U.S. dollar and growing inflationary pressure lifted bullion’s appeal as an inflation hedge. Precious metals continued the northward movement in the Indian market. Investors now await minutes of the U.S. Fed’s last meeting, due on Wednesday, for
The RBA minutes for the May minutes reaffirmed our view that further expansion in the asset purchase program would be announced later this year. The most likely timing for the announcement would be July. Domestically, the members noted that the economic was in the transition from recovery to expansion. The momentum was stronger than previously
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
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
Impersonated twitter accounts Impersonators, often using the same avatar images as Musk’s own twitter account but slightly misspelling his username, pretend to be Musk and messages followers to send currency to a specific wallet address in exchange for receiving a larger payment in return. The scams violate Twitter’s policy against deceptive accounts. However, moderators have struggled
Credit Agricole on the euro Credit Agricole CIB Research discusses the latest readings from its FX positioning indicator. “According to our FX positioning gauge, the EUR was bought for most of the past week with real money investors driving most of the latest development. This makes sense, especially when considering that equity-related inflows may be
By Ravindra Rao NYMEX crude oil prices rose for four out of five trading sessions last week and yet logged a modest weekly gain of 0.7 per cent. Crude oil rates topped the $66 per barrel mark in the beginning of the week amid supply concerns relating to the US, as a major pipeline servicing
By Gaurang SomaiyaInflation may be an unavoidable phenomenon but it is starting to make a lot of people nervous. Most market participants believe that inflation is primed for rapid acceleration as trillions of dollars have been pumped by the Federal Reserve along with near-zero interest rates. But now, the question arises whether inflation will be
Starting with a record high in gold price last August, precious as well as industrial metals have all hit 52-week peaks over the past one year. Gold was joined by silver, palladium and then copper in the rally, which caught many investors by surprise. Gold has since seen a correction, with Comex (CME) spot gold
NEW DELHI: Nickel prices fell 0.24 per cent to Rs 1,299.50 per kg in the futures trade on Monday after participants offloaded their positions amid weak demand in the spot market. On the Multi Commodity Exchange, nickel contracts for the May delivery traded lower by Rs 3.10, or 0.24 per cent, to Rs 1,299.50 per
NEW DELHI: Gold in the national capital on Monday rose by Rs 348 to Rs 47,547 per 10 gram following a strong global trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,199 per 10 gram. Silver also zoomed Rs 936 to Rs 71,310 per kilogram from Rs