Some targets laid out by Morrison and the government Phase A as is the current situation Phase B is when 70% of the vaccine-eligible population is fully vaccinated both nationally and in that state/territory Phase C is when the fully vaccinated target hits 80% Only when reaching Phase C it can lead to extension of
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NEW DELHI: Gold prices bucked the global trend in India and opened lower on MCX on Friday. Gold futures on MCX were down merely 0.08 per cent, or Rs 39, at Rs 48,357 per 10 gram. Silver futures traded lower by 0.21 per cent, or Rs 145, higher at 68,055 per kg. The precious metal
Dollar suffered another round of selloff overnight and stays soft. Mild risk aversion in Asia is not helping the greenback much. But commodity currencies are following closely, in particular Aussie and Kiwi, as the next worst performers for the week. European majors look set to be the winners of the week, as led by Sterling.
Forex news for North American trade on July 29, 2021: Markets: Gold up $21 to $1823 US 10-year yields flat at 1.265% WTI crude oil up $1.20 to $73.59 NZD leads, USD lags The post-FOMC dollar slump continued on Thursday. Soft economic data wasn’t the main reason but it contributed with the dollar easing further
KOLKATA: Gold demand in India increased 30% in the first half of 2021 to 216.1 tonnes, from 165.8 tonnes a year ago, signalling that the deadly second wave of Covid-19 was less of a deterrent than the first wave of the pandemic which had led to a nationwide lockdown “The second quarter of 2021 was
Dollar’s decline continues and accelerates a little in early US session after weak economic data. Gold is also accelerating upwards, in tandem with the greenback’s movements. Yen is following as second worst for now, following recovery in European stocks and US futures. Commodity currencies and Sterling are currently the stronger ones for today. Technically, immediate
Daily thread to exchange ideas and to share your thoughts The dollar is keeping slightly softer to start the day, continuing the post-Fed move after Powell & co. steered clear of any serious taper talk once again. The meeting served as more of a placeholder for Jackson Hole and I reckon that and the weeks ahead will
Globally, consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish, according to the World Gold Council’s latest Gold Demand Trends report. The two forces helped create gold demand of 955.1 tonnes over the quarter – a 9% rise from Q1 2021, and in line with the equivalent
Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil prices. Sterling is also strong with Swiss Franc while Euro under performs them. Focus will
Forex news for North America trade on July 28, 2021: Markets: Gold up $7.75 to $1806 US 10-year yields down 0.5 bps to 1.2393% WTI crude oil up 60-cents to $72.24 S&P 500 up 2 points to 4400 CAD and CHF lead, JPY lags On July 14, Powell said the FOMC was ‘still a ways
Mumbai: As the country moves towards creating a spot gold exchange, markets regulator Sebi‘s Whole Time Member G Mahalingam on Wednesday suggested routing all the imports of the precious metal through the exchange ecosystem in the future. Such a “funnelling” would ensure that gold monetisation takes place right at the source as the metal enters
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more cautious ahead of FOMC statement and press conference. Overall picture for the week is unchanged
NZDUSD long on a dovish hand The last FOMC meeting in June resulted in a shift higher in the USD. The reason was due to the dot plot shift which demonstrated that FOMC board members saw interest rates coming sooner than they had previously. This resulted in some USD strength and chatter that the ‘reflation’
NEW DELHI: Gold prices edged up mildly on Wednesday. Investors await the outcome of the US Federal Reserve’s meeting tonight for hints on policy tapering plans. The yellow metal held near its key psychological level. Gold futures on MCX were up 0.18 per cent, or Rs 87, at Rs 47,660 per 10 gram. Silver futures
AUDUSD is prone to be the weakest performer among majors in July. The selloff accelerated 2 weeks ago as the resurgence of coronavirus has triggered lockdown in New South Wales, Victoria and South Australia. In the near-term, sentiment over the currency pair could remain weak as state governments would likely extend the lockdown to prevent
Sluggish trading in EUR/USD continues The US dollar was soft today across the board. Perhaps that’s Fed apprehension, perhaps that’s equity flows but it gave EUR/USD a lift. The pair has been locked in a 1.1750-1.1900 range for a month and now we’re back square in the middle at 1.1820 after touching a two-week high.
New Delhi: Gold in the national capital on Tuesday dipped Rs 123 to Rs 46,505 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,628 per 10 gram. Silver also went lower by Rs 206 to Rs 65,710 per kg,
Overall markets are in risk-off mode today, started with steep selloff in Hong Kong and China stocks. Nevertheless, losses in Europe are limited, while DOW future is just slightly lower. In the currency markets, commodity currencies are the worst performing ones, as led by New Zealand Dollar. Yen is the strongest one, followed by Swiss