Month: December 2022

Gold price seesaws around weekly top after rising the most in three weeks. United States Treasury bond yields underpinned US Dollar’s biggest daily fall in a week and propelled XAU/USD. Gold buyers also cheered receding fears of recession, hopes for more stimulus from China. US data, risk catalysts will be crucial as Gold traders approach
0 Comments
Stoxx 600 -0.4% German DAX -0.5% France’s CAC, -0.4% UK’s FTSE 100 +0.1% Spain’s Ibex +0.7% Italy’s FTSE MIB +0.0% I’m not sure what’s behind the outperformance in Spain but the decline in the DAX puts German stocks into negative territory on the week to follow off last week’s rout. DAX daily ADVERTISEMENT – CONTINUE
0 Comments
Gold price rose Rs 38 to Rs 54,740 per 10 grams in the national capital on Tuesday, according to Securities. In the previous trade, the precious metal had settled at Rs 54,702 per 10 grams. Silver, however, declined Rs 328 to Rs 67,984 per kilogram. “Gold price traded steady after inching lower in the earlier
0 Comments
Yen rises strongly in Asian session after BoJ’s surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, and New Zealand Dollar are sold off as weakens, followed by Sterling. Canadian and Euro are mixed for now. Technically,
0 Comments
Overall risk sentiment is steady in the financial markets today. Aussie and Canadian Dollars are firming up slightly, while Dollar and Yen soften. The upcoming BoJ rate decision in Asia is unlikely to give Yen any special support. Euro was lifted briefly by better than expected Germany data, but buying didn’t last long. European majors
0 Comments