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Yen stays general firm after earlier rally today, and Dollar is following. Euro shrugs off better than expected German economic sentiment data. Sterling and Swiss Franc are mixed. Australian and New Zealand Dollar are currently the weakest. Gold is firm but there is no follow through buying through 1833.79 key resistance. WTI oil treads water
New Delhi: Gold in the national capital on Thursday jumped Rs 883 to Rs 48,218 per 10 gram in line with the firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,335 per 10 grams. Silver also rallied Rs 1,890 to Rs 65,190
The latest ECB bulletin, European Commission’s latest inflation projections and the preliminary inflation data for October rekindled ECB’s rate hike speculations. At the ECB bulletin, policymakers acknowledged that strong inflation proves more persistent than previously anticipated. Yet, they expected that it would fade next year. As noted in the report, the present inflationary pressure has
New Delhi: Markets regulator Sebi has amended rules to introduce silver exchange traded funds, a move that will expand the options available for investing in commodities through stock exchanges. Currently, Indian mutual funds are allowed to launch ETFs (Exchange Traded Funds) tracking gold. The watchdog has amended the rules to enable the introduction of silver
Traders added to the bet of a June rate hike by Fed after stronger consumer inflation reading. Dollar surged across the board with Dollar index taking out an important fibonacci level. Benchmark currency yields staged a strong rebound. But stocks were very resilient despite intensify speculation of an early Fed hike and rising yields. Gold
This was as expected The SEC has rejected VanEcks spot Bitcoin ETF.  The decision was as expected given the SEC Chair Gary Gensler’s desire to have more consumer protections (i.e. regulations) on the spot Bitcoin and digital currency markets.   The SEC took the full 240 days to review the application. Other applications have been submitted
Dollar’s broad based rally continues in Asian session today and looks set to have a strong close for the week. Talking about weekly performance, Yen is following the greenback as the next strongest. New Zealand Dollar and Australian Dollar are competing for the worst performing spot. European majors are mixed with Euro, Sterling and Swiss
China’s state media with this, comes via Global Times: 1. Development is the absolute principle 2. Deepen reform 3. Stick to opening-up 4. Innovation is the primary driving force behind development 5. Unswervingly consolidate & develop the public economy; Unwaveringly encourage, support & guide the development of the non-public sector6. Promote the better integration of
MELBOURNE: prices drifted lower on Friday, wiping out gains from the previous session, as the continued to rise on bets the U.S. central bank will bring forward plans to raise rates to tame inflation. U.S. West Texas Intermediate (WTI) crude futures fell 26 cents, or 0.3%, to $81.33 a barrel at 0128 GMT, reversing Thursday’s