Gold prices fell on Thursday in the opening trade amid profit booking after a strong rally that took yellow metal prices to the lifetime highs of 66,356 per 10 grams. They have corrected by Rs 549 or 0.82% from their peak. They were trading at Rs 65,807, down by Rs 90 or 0.14%. May Silver
admin
Consolidative trading continues in the forex markets in general. There is little reaction to the batch of economic data released from there US. Comments from ECB officials were also largely ignored. For now, commodity currencies are the stronger ones for the week, as led by Canadian Dollar, while Euro is also firm. Sterling and Swiss
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Wholesale prices accelerated at a faster than expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures
Dick’s Sporting Goods logo is seen on the shop in Williston, United States on June 19, 2023. Jakub Porzycki | Nurphoto | Getty Images Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. Many retailers benefited from
Gold is enjoying a remarkable start to the year. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold’s structural resilience has further to run Yet, beyond the likely solidification of Fed cut expectations in the coming weeks and months, it is the structural channels of physical demand for Gold that excites us most, which
The NZDUSD started the day with a move below the low of a swing area at 0.6148. However, the price started to find buyers later in the Asian session, and in the process moved through the high of a swing area at 0.6159. That break took the price up to test its 100 hour moving
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices traded flat in early Asian trade hours on Thursday, within close range of record-high levels on a broadly weaker dollar, as traders awaited more economic data that could steer hopes for a mid-year rate cut by the U.S. Federal Reserve. FUNDAMENTALS * Spot gold was flat at $2,173.89 per ounce, as of 0147
In today’s subdued Asian session, the currency markets saw minimal movement, with most major pairs and crosses gyrating within yesterday’s range. Japanese Yen managed to carve out modest gain, buoyed by optimistic remarks and tangible actions related to wage growth within the country. Chief Cabinet Secretary Yoshimasa Hayashi’s commentary on seeing “strong momentum” for wage
Customers shop at a Costco store on August 31, 2023 in Novato, California. According to a report by the Commerce Department, consumer spending rose 0.8% in July beating expectations of 0.7%. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Consumers increasingly doubt the Federal Reserve can achieve its inflation
Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral sales in North America are
Share: The Japanese Yen is undermined by diminishing odds for an early interest rate cut by the BoJ. A modest USD uptick also lends support to USD/JPY, though the Fed uncertainty might cap gains. Traders might prefer to wait on the sidelines ahead of the BoJ and FOMC policy meetings next week. The Japanese Yen
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The House of Representatives has voted ByteDance to diverse or “ban”TicTok. The bill now gets pushed to the Senate. The aim of the bill is to compel ByteDance, TikTok’s Chinese parent company, to divest the social media platform or face a U.S. ban. Rep. Mike Gallagher, the chair of the House Select Committee on China
Gold prices plunged Rs 400 to Rs 65,950 per 10 grams in the national capital on Wednesday amid weak trends in the overseas markets, according to HDFC Securities. The precious metal had closed at Rs 66,350 per 10 grams in the previous trade. Silver also plummeted Rs 600 to Rs 75,300 per kg. In the
Yen declined notably during the European session and stays weak as markets enter into US session. The selloff comes in the wake of rebound in European and US benchmark yields. Despite positive news from Japan, where large corporations have committed to significant wage increases for the first time in decades, the Yen struggled to find
LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped more than expected. The headline figure was in line with the forecast from economists polled by Reuters. It follows a 0.1% contraction in December, while the U.K. economy entered a shallow recession in the
Shopper carrying two large shopping bags from the clothing retailer Zara on Oxford Street on 5th February 2024 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the