Gold price in the national capital on Wednesday fell by Rs 205 to Rs 50,487 per 10 gram in line with a decline in international rates of the precious metal, according to Securities. In the previous trade, the yellow metal settled at Rs 50,692 per 10 gram. Silver also tumbled by Rs 926 to Rs
Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn
Gold eased on Wednesday, as the dollar and Treasury yields firmed, but prices were range-bound as investors awaited fresh cues on top central banks’ monetary policy plans, especially from the U.S. Federal Reserve. FUNDAMENTALS * Spot gold fell 0.3% to $1,827.69 per ounce by 0101 GMT, extending losses to a fourth straight session. U.S. gold
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Oil prices rose almost $2 on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $1.80, or 1.6%, to $115.93 a barrel by 1209 GMT. The U.S. West Texas Intermediate (WTI) crude contract for July, which expires later on Tuesday,
Democrats increasingly look at this chart as a second-derivative on US inflation. It’s Biden’s approval rating: The trend is not his friend and various strategies including messaging like ‘Putin’s price hike’ or blaming the Fed aren’t having the desired effect. Janet Yellen is likely going to be sacrificed to the inflation gods after the global
Yen’s selloff accelerates today as US stocks are set to stage a rebound after the long weekend. For now, Euro is the strongest one with help from rebound against Sterling and Swiss Franc. It’s followed by Canadian Dollar, which is supported by slightly better than expected retail sales data. On the other hand, Kiwi and
Overall markets are rather steady in Asian session today. Even the free falling crytocurrencies are stabilizing slightly. Major Asian indexes, except Nikkei, are treading water. Dollar and Yen are softening slightly with Sterling. Aussie and Euro and mildly higher. But most major pairs and crosses are just stuck inside Friday’s range. Sterling would be a
SINGAPORE: Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand. Brent crude futures gained 20 cents, or 0.2%, to $113.32 a barrel by 0105 GMT, after rising as much as
The emerging negativity in global markets today is likely stemming from China. Iron ore prices are down 9% on fears of a demand slowdown. China’s CSI energy index is down more than 5%, rebar is down 6% and the coal index is down 4.5%. The PBOC met today but offered nothing new on policy, leaving