Month: December 2022

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Gold price fell by Rs 5 to Rs 55,124 per 10 gram in the national capital on Wednesday amid a fall in precious metal prices in overseas markets, according to Securities. In the previous trade, the yellow metal had settled at Rs 55,129 per 10 gram. Similarly, silver also slipped Rs 332 to Rs 70,048
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Yen’s selloff continues today, so are the rallies in US and European benchmark treasury yields. While the cap on 10-year JGB yields was raised earlier this month, there is still a cap. On the other hand, market sentiments appeared to be boosted by relaxation of outbound travel in China. Additionally, BoJ’s Summary of Opinions indicated
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Oil prices climbed on Wednesday as markets were optimistic about fuel demand recovery as China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. U.S. crude advanced 22 cents, or 0.3%, to $79.75 per barrel. Amid the optimistic market mood
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Yen and Dollar are trading mildly lower in quiet trading in Asia, which is not totally back from holiday yet. Australian Dollar is the stronger one, followed by other commodity currencies and Sterling. On the other hand, Euro and Swiss Franc are on the softer side. Market activity will remain generally subdued this week, with
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LONDON: Oil hit a three-week high on Tuesday as China‘s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to US energy production caused by winter storms. China will stop requiring inbound travellers to go into quarantine, starting from January 8, the National Health Commission said
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Canadian Dollar is taking a pole position in quiet markets today. Overall picture is mixed, as other commodity currencies of Aussie and Kiwi are both losing some momentum. Dollar is turning slightly stronger, except versus Loonie. Sterling faced some selloff in early part of European session, but Euro is following later. The more persistent move
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