New Delhi: Gold in the national capital on Monday rose by Rs 182 to Rs 47,023 per 10 gram in line with rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,841 per 10 gram. However, silver declined by Rs
Month: October 2021
In this article QSR-CA A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Restaurant Brands International on Monday reported quarterly earnings that topped Wall Street’s expectations, but its revenue fell short as labor challenges weighed on sales. Shares of the company rose less than 1% in premarket trading.
Gold caught some fresh bids on Monday amid the latest COVID-19 breakout in China. Resurgent USD demand, elevated US bond yields could cap gains for the commodity. Acceptance above 100/200-day SMAs supports prospects for further near-term gains. Gold attracted fresh buying on the first day of a new trading week and built on the intraday
As further QE tapering to CAD 1B/week has been fully priced in, the focus of this week’s BOC meeting is the forward guidance on rate hike. The market has priced in 3 rate hikes in 2022. We expect the central bank to maintain the guidance that a rate hike would come when “economic slack is
200 hour MA and 38.2% tested The GBPUSD fell on the back of the tough talk from the EU on Brexit. Adam is not too concerned about it (see post here), but its Friday. European traders are either out the door or near gone which decreases the liquidity. Finally, there was some technical reasons to
Xi speaking, aiming his comments at the US and its allies. Relations between the US and China are thawing a little but its not smooth sailing yet. Xi speaking along the ,lines that: China has always worked together with people across the world in defending intl fairness and justice. China firmly opposes hegemony and power
Gold prices held steady on Monday after cutting gains in the prior session on U.S. Federal Reserve chief Jerome Powell’s comment that inflation could ease next year and the central bank was on track to start tapering its stimulus. FUNDAMENTALS * Spot gold was little changed at $1,792.95 per ounce by 0148 GMT. U.S. gold
A sign is posted in front of a home for sale on September 28, 2021 in San Anselmo, California. Justin Sullivan | Getty Images Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell 6.3% last week compared with the previous week, according to the
Silver eases from key SMA, keeps late Friday’s pullback from seven-week top. Bullish candlestick formation, MACD conditions keep buyers hopeful. September’s high add to the upside filters, fortnight-old support line probe sellers. Silver (XAG/USD) stays mildly bid around $24.35 during early Monday. The bright metal refreshed multi-day high the previous day before reversing from $24.82.
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In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%.
Crude oil futures up $1.26 or 1.53% The price of WTI crude oil futures are settling at $83.76 - near the high for the day. That is up $1.26 or 1.53% The high for the day reached $83.80. The low extended to $81.76. A week ago, the price closed at $82.47. The gain of $1.29 represents a
One for the Turkish lira traders. Erdogan hasn’t stopped at sacking senior officials at the central bank. From earlier this month: Erdogan said on Saturday that he had told his foreign ministry to expel the ambassadors of Canada, Denmark, France, Germany, the Netherlands, Norway, Sweden, Finland, New Zealand and the United States Seven of those
Gold inched higher and was poised for a second weekly gain on Friday, as a softer provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. FUNDAMENTALS * Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to
Weekly jobless claims hit another pandemic-era low last week as the elimination of enhanced benefits sent fewer people to the unemployment line. First-time filings for unemployment insurance totaled 290,000 for the week ended Oct. 16, down 6,000 from the previous period, the Labor Department reported Thursday. This was the second week in a row that
In this article LUV A Southwest Airlines Co. Boeing 737 passenger jet arrives at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Luke Sharrett | Bloomberg | Getty Images Southwest Airlines on Thursday reported a third-quarter profit on Thursday thanks to a boost from federal payroll aid but said operational
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