Gold was little changed on Friday, but the metal was on track for a second weekly gain following a retreat in the U.S. dollar from 20-year highs. FUNDAMENTALS * Spot gold held its ground at $1,848.59 per ounce, as of 0102 GMT. U.S. gold futures were little changed at $1,846.70. For the week so far,
Dollar’s correction continued last week and ended as the worst performer. Late rebound in stocks and extended correction in treasury yields are both weighing on the greenback. Yen followed as the second weakest, mainly on risk-on sentiment. On the other hand, Kiwi was the best performer, additionally lifted by hawkish RBNZ rate hike, which indicated
In this article M A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits and luxury goods. The department store chain,
US dollar continues to pullback across the board. Yen loses momentum in the market amid risk appetite. USD/JPY fails to benefit from the rally in Wall Street. The USD/JPY is about to end the week trading around 127.00. The pair bottomed on Tuesday at 126.35, the lowest level in five weeks and then rebounded finding
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The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that the invention of fire and property insurance — in response to the Great Fire of London —
The major US indices are trading to new session highs. The gains are led by the NASDAQ index which is up by 2.72%. Technically, both the Dow Jones and S&P index have moved above their respective 200 hour moving averages. Looking at the S&P hourly chart above, it’s 200 hour moving average comes in at
The major US stock indices are closing the day at session highs and complete a strong week after multi-week declines. The Dow snapped a 8 week down streak while the S&P and Nasdaq snapped 7 week declines. Nasdaq has best week in more than 2 months Dow is up for the 6th straight day S&P
Gold loan non-banking finance Indel Money on Friday announced tranche 2 of public issue of up to Rs 100 crore of secured, redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The issue opened on May 27, 2022, and closes on June 22, 2022 (with an option of early closure in case
Dollar stays broadly pressured today and it’s set to end as the worst performer for the week. PCE data offered some hope that inflation has finally topped. Broad risk sentiment is steady as US stocks could extend rebound in the final session of the week. Benchmark treasury yields are also trading slightly lower. Buying focus
In this article DLTR DG Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. As of midday Thursday, shares of Dollar
The USD/INR is about to end the week modestly lower, pulling back from record levels. The chart shows the primary trend is bullish and strong. According to analysts at Wells Fargo, the rupee will continue to decline versus the US dollar, at a gradual pace. Key Quotes: “The Indian rupee recently hit an all-time record
According to a study by DappRadder, 49% of the blockchain sector is engaged in blockchain gaming. The study also found that Play-to-Earn games are becoming more and more popular, with the number of people playing them increasing every year. Currently, there are about 410 gaming tokens on CoinMarketCapitalization with a total market capitalization of $13,703,237,407
The buying in stocks is continuing with the S&P now up over 2.0%. The NASDAQ index is getting closer to up 3% on the day. A snapshot of the market currently shows: Dow industrial average up 537 points or 1.67% at 32657.52 S&P index up 82.48 points or 2.07% at 4061.22 NASDAQ index up 321.81
Equities are gaining some decent ground on the session now after more of a tepid start. It’s still early in the day but considering the market mood this week, it’s safe to say that Wall Street has at least averted another down week at least. This comes after a run of seven consecutive weeks of
NEW DELHI: Gold prices were little changed on Friday, but the metal was on track for a second weekly gain following a retreat in the US dollar from 20-year highs. Gold futures on were trading lower by 0.01 per cent or Rs 4 at Rs 50,867 per 10 grams. However, silver futures were trading higher