Just Dial, the hyper-local search engine, witnessed a significant QoQ 20 per cent jump in demand for precious metals with demand for gold remaining high, almost at 3X of silver during this festive season. The demand surge for precious metals in Tier-II cities remained higher in vis-à-vis Tier-I. Gold prices have fallen since reaching the
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey added that “[hyperinflation] will happen in the U.S. soon, and so the world.” Such an
In this article CVX Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Chevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs
Dollar is trying to rebound broadly in early US session, partly on strong inflation data, and partly on month end flow. But overall, the greenback is just mixed for the week. For week Aussie and Swiss Franc are the strongest ones, with the latter lifted by strong buying against Euro. Yen is now the weakest
Dollar buying kicks and above its 200 day moving average and swing lows from last week and Monday The USDCHF is also seeing strong dollar buying over the last hour as London/European traders look to exit. The push the upside got a shove on the break back above its 200 day moving average at 0.9148 and the swing lows
A combination of factors assisted USD/CAD to gain some positive traction on Friday. A softer risk tone, elevated US bond yields revived demand for the safe-haven USD. Weaker Canadian GDP print, a fresh leg down in oil prices undermined the loonie. The markets had a rather muted reaction to the mixed US PCE Price Index
US dollar gets a broad bid Canadian August GDP was a disappointment and that continued into September with Statistics Canada’s early estimate showing no growth in the month. That puts Q3 growth at just 0.5%, which is a poor rebound during the reopening. Meanwhile, the bond market continues to go wild with front end yields
New Delhi: Gold in the national capital on Friday slipped Rs 271 to Rs 46,887 per 10 gram reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver also slumped Rs 687 to Rs 63,210 per kilogram
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday. Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized
In this article XOM A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters Exxon said Friday that its third-quarter profit was the highest in years as improving demand, higher commodity prices and streamlined operations
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Major pairs and crosses are stuck inside yesterday’s range so far, as consolidative trading continues. Euro appears to be lifted slightly by ECB’s press conference but there is no follow through buying. Dollar also looks just a touch weaker after worse than expected Q3 GDP data. Overall, commodity currencies are the softer ones, with eyes
NASDAQ first record close since September 7 The major indices are closing higher with the NASDAQ leading the way to the upside ahead of Apple and Amazon’s earnings after the close. The major indices are closing near their highs in contrast to the the close yesterday that saw the indices closing at the lows. NASDAQ up for
AUD/NZD extends previous session’s declines on Friday. The cross-currency pair faces a resistance barrier near 1.0500. MACD holds above the midline with neutral stance AUD/NZD edges lower on the last trading day of the week in the Asian trading session. The cross-currency pair stayed in a narrow trade band amid upbeat Australian Retail Sales data.
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, Wanxiang Blockchain hosted its annual Shanghai Blockchain Week, an event that usually brings together the government, enterprise, academic and degen side
New Delhi: Gold in the national capital on Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs