Gold price in the national capital declined Rs 201 to Rs 55,994 per 10 gram on Thursday amid a fall in the precious metal’s prices globally, according to Securities. The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram. “Comex
The GBP/USD soared close to 1.50% on disappointing US ISM Services data. Hawkish Fed speaking failed to weigh on the GBP/USD. Next week’s economic calendar would feature UK GDP, and US CPI reports. The Pound Sterling (GBP) extended its gains against the US Dollar (USD), surging more than 160 pips on Friday, following a disappointing
Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.” Following the policy
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The GBPUSD has moved back to the upside helped by a much weaker ISM nonmanufacturing index. The move higher has taken the price of the GBPUSD, through the 38.2% and the earlier session high at 1.19346. The run to the upside has also seen the 100 hour MA tested and now broken at 1.19914. There
Gold is off to a great start to the year, climbing for the third time this week and touching the highest levels since June. It’s up $34 today to $1867, just $10 away from the June 2022 high of $1877. A break of the resistance at $1877 would also highlight a rough inverted head-and-shoulders pattern
Gold prices changed little in the international markets last year. Despite the geopolitical crisis and recession fears reigniting its safe-haven demand in the first quarter, a strong US dollar had cast shadows on the prospects of the yellow metal for the rest of the year. The aggressive rate hikes by the US Federal Reserve made
WTI is set to end the week with substantial losses of 8.40% The jobs report showed a slowdown in wages, while the labor market remains resilient. WTI failed to capitalize on US Dollar weakness after the US Services PMI shrinkage Western Texas Intermediate (WTI), the US crude oil benchmark, hovers at around $73.70s, almost flat,
The USDCHF opened the week below the 100 hour MA (blue line in the chart above). On Tuesday, the price soared higher reaching the 50% of the move down from the November 21 high. That level comes in at 0.93988. On Wednesday, the price tumbled back down and in the process moved briefly back below
The 13th vote has started and Biggs, Boebert and Crane already voting for Jordan, but they did not nominate Herns or Jordan. Donald switched to McCarthy during the last vote. Herns – who Boebert nominated – voted for McCarthy. So he is not all-in and probably asked not to be nominated. Jordan has said he
Oil rebounded over 2% on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains. Big declines in the previous two days were driven by worries about a global recession, especially since short-term economic
Risk sentiment was surprisingly positive in the first week of the year. The stock markets ended on a high note after slowing wage growth in the US and faster cooling in Eurozone inflation. After some flip-flopping, Dollar selling re-emerged in the last session. It might take a week or two more to confirm the overall
Albeit the USD/CHF fell 1% on Friday, the pair finished the week with gains of 0.45%. USD/CHF remains sideways, though slightly tilted downwards, and it could test the 0.9200 mark. If the USD/CHF reclaims 0.9300, that could pave the way to 0.9400. The USD/CHF plunged after hitting fresh weekly highs around 0.9408, plummeting beneath the
While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. Considering the myriad consumer and business-centric use cases the metaverse could cater to, a McKinsey & Company report highlights the technology’s potential to generate up to $5 trillion in
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The US major indices are closing higher on the day and for the week. All the major indices are closing with gains over 2% on the day. For the week the gains are from around 1% to 1.5% for the major indices. The final numbers are showing: Dow industrial average rose 700.53 points o 2.13%