New Delhi: Gold in the national capital on Thursday declined by Rs 154 to Rs 44,976 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 45,130 per 10 gram. Silver also dipped Rs 1,337 to Rs 57,355 per kilogram
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Dollar retreats mildly in Asian session but remains the strongest one over the week. The rally in treasury yields appear to be taking a breather. But 10-year yield is holding firm above 1.54 handle, while 30-year yield is also above 2.0 handle. Canadian is following as the second strongest, and then Aussie. On the other
Daily thread to exchange ideas and to share your thoughts It is all about month-end and quarter-end trading today but the key themes in the market are all still at play i.e. focus on energy prices, bond yields, and risk sentiment.Invest in yourself. See our forex education hub. That said, perhaps only once we get past any
NEW DELHI: Gold prices were trading little higher on Thursday in the domestic market, following global cues. However, the yellow metal hovered near a seven-week low as a stronger dollar and taper expectations weighed on sentiments. Gold futures on MCX were trading higher 0.34 per cent or Rs 156 at Rs 45,925 per 10 gram.
Dollar is generally strong today, but buying focus is temporarily shifted from against Yen to Euro and Sterling. In particular, EUR/USD has taken out key support level at 1.1663. Overall markets are mixed though, with stocks recovering while treasury yields retreat. Yen and Swiss Franc are the stronger ones for today followed by the greenback.
The world is changing The long-term effects of recessions are tough to see but consider this. From 2007-2009 there was a financial crisis. Initially it led to heavy layoffs in the financial sector but that sector fully recovered in time. Meanwhile, it was the goods producing sector that was decimated, declining by 16% and it
New Delhi: Gold in the national capital on Wednesday rose by Rs 264 to Rs 45,123 per 10 gram with recovery in global precious metal prices along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,859 per 10 gram. Silver also jumped Rs 362 to
Dollar is currently the strongest one for the week so far, as helped by strong rally in treasury yields as well as pull back in stocks. Yen also stays week but the selling in crosses is cushioned by uncertain risk sentiment. Sterling is also soft with eyes on the energy troubles. But overall development is
Reuters reports on the matter, citing two banking sources It is being reported that Chinese authorities are looking to increase curbs on currency speculation by tightening control over the inner workings of the market. Among such measures are pressuring banks to trade less and in smaller ranges. Adding that China’s FX regulator has urged market
Sept 29: Gold prices were flat near a seven-week low on Wednesday, pressured by a rise in the dollar and U.S. Treasury yields on growing expectations of an earlier-than-anticipated interest rate liftoff. FUNDAMENTALS * Spot gold was flat at $1,735.17 per ounce by 0123 GMT. On Tuesday prices fell to their lowest level since Aug.
Sterling tumbles broadly today on increasing talks of energy shortages due to a post-Brexit shortage of truck drivers, as well as a halt to license testing during pandemic lockdowns. Mild risk aversion, which start in European markets, is also weighing down some commodity currencies. Nevertheless, there is little lift to Yen overall, which stays weak
WI was trading at at the time of the auction 1.324% High yield 1.332% WI level at the time of the auction 1.324% Bid to cover 2.24 versus six month average of 2.31x Directs 20.92% versus six month average of 19.8% Indirects 60.09% versus six month average of 58.9% Dealers 18.99% versus six month average of 21.3% The
Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally. Brent crude had gained 12 cents, or 0.1%, to $79.65 a barrel at 1358 GMT, after reaching their highest level since October 2018 at $80.75.
Strong rally in treasury yields is currently the main theme driving the markets. On the back on hawkish Fed rhetorics, 2-year yield rose to 18-month high, above 0.3%. Benchmark 10-year yield also breaks above 1.5% handle. Yen is currently the worst performing one, with persistent selling pressure. Euro and Swiss Franc are also weak. On
Upside potential? The BoE met last week and it was this line in the minutes that led to the surge higher in the pound. A line concerning hiking interest rates, Some developments during the intervening period appear to have strengthened that case (for hiking rates), although considerable uncertainties remain. Reading through the minutes it was
NEW DELHI: Hurt by a stronger dollar and rising US Treasury yields, gold and silver futures declined on Tuesday while investors await for more cues from Federal Reserve officials on the central bank’s monetary policy shift. The dollar index was up 0.1 per cent, making gold more expensive for holders of other currencies. Overnight, benchmark
European gas price has kept breaking new records over the past months. Both higher-than-usual demand and supply shortage have led to the price strength. As winter is approaching, we expect price to remain at elevated levels in the months to come. The front-month Dutch TTF gas contract has remained firm after breaking above EUR 70/MWh.
It’s shocking how quickly this has spiraled out of control At the moment, it’s tough to even keep on top of all the energy problems in the world. This is a crisis that I saw building but I’m continually surprised at how hard it’s hitting. Back on September 13 — just two weeks ago —