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Gold price in the national capital on Friday declined by Rs 90 to Rs 52,915 per 10 grams, according to HDFC Securities. The precious metal had closed at Rs 53,005 per 10 grams in the previous trade. Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the
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Dollar remains the worst performing major currency for the week, but the dynamics are shifting. Yen is giving up much of its gain, following the strong rebound in benchmark treasury yields, but Swiss Franc is still firm. Euro and Sterling are somewhat under pressure too, while smaller than expected GDP contraction gives the Pound little
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OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency,
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The International Energy Agency (IEA)lifted its demand outlook partly due to power generators switching to oil: “Natural gas and electricity prices have soared to new records, incentivising gas-to-oil switching in some countries” That’s from its monthly oil report published Thursday. In it the IEA raised its outlook for 2022 oil demand by 380,000 barrels per
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Dollar selloff resumes in early US session after lower than expected PPI reading. Aussie and Kiwi are strong as supported by risk-on sentiments but Canadian is lagging behind. Yen is also firm, together with Swiss Franc, thanks to falling yields. Euro and Sterling continue to be mixed. In other markets, Gold is struggling to take
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In this article RIVN RIVN Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.  Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street
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EUR/GBP is sensing selling interest around 0.8470 despite the lower consensus for UK economic data. UK households are making higher payouts as subdued earnings are unable to offset soaring inflation. The second-tier Eurozone data is expected to display a vulnerable performance. The EUR/GBP pair is facing barricades around the immediate hurdle of 0.8465 continuously since
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