Gold price remained flat at Rs 59,280 per 10 gram in the national capital on Wednesday, according to HDFC Securities. However, silver climbed by Rs 200 to Rs 71,500 per kilogram. “Gold traded flat on Wednesday, with spot gold prices in the Delhi markets trading at Rs 59,280/10 gram, unchanged from its previous day close,”
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S&P 500 futures are now down 24 points, or 0.5%, as the selling is picking up in European morning trade. The new week is finally looking to get underway and after a solid rebound to close off the month of June, stocks are beginning to stutter now. In Europe, the selling is still rather controlled
Commodity currencies are maintaining their position as the stronger performers of the week, while overall trading continues in a noticeably subdued manner. Both Dollar and Yen are seen navigating within familiar ranges against their European counterparts. Market volatility might experience a slight uptick as US traders return from holiday break today. While FOMC minutes are
Oil prices ticked higher on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. Saudi Arabia on Monday said it would extend its voluntary output cut of 1 million barrels per day (bpd) to August while Russia and Algeria volunteered to lower their August
I just posted this on the threat China’s export curbs pose to Germany: Posting this now on more signs of the new cold war. China has cancelled a trip by European Union foreign policy chief Josep Borrell that was scheduled for next week. The info came overnight via a spokesperson for the EU. Said there
Gold futures traded flat in Tuesday’s early trade on a stronger dollar index (DXY). The bias, however, remained negative. The August Gold futures were trading at Rs 58,275 per 10 grams in the opening trade, down by Rs 2 while September Silver futures were marginally higher by Rs 31 per kg at Rs 70,320. Gold
This has been a problem for many months now with UK food price inflation having run at its fastest pace in 45 years back in April here. It has fallen back to roughly 14.6% in June, down from the 18.3% reading in May, but is still a major problem generally. However, Sainsbury is saying that
Australian Dollar dips slightly after RBA decided stand pat. But it hasn’t seen substantial follow through selling pressure yet. While the decision might have surprised half of the market participants, it doesn’t change the tightening path of the central bank. It’s more of a decision on delivering the hike today or in August. What next
Gold prices edged lower in early Asian trade on Monday, helped by a slightly stronger U.S. dollar, with chances of more interest rate hikes by the Federal Reserve weighing on bullion’s appeal. FUNDAMENTALS * Spot gold was down 0.1% to $1,917.19 per ounce by 0053 GMT while U.S. gold futures fell 0.2% to $1,925.10. *
Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER) The twin headlines are confidence and acidity: Business confidence in Q2 comes in at -63% prior -66% Business Own Activity comes in at 13% Also, Capacity Utilization comes in at 81.7% prior 94% NZIER adds “cost pressures for firms intensified
Dollar falls broadly after ISM Manufacturing index indciates further deterioration in the sector. But loss is so far limited. Overall markets remain quiet. Swiss Franc and Yen persist are the softer performers. The Franc felt slight impact of Swiss CPI readings, which were lower than anticipated. However, market reaction remains mild, considering SNB’s prior forecast
Gold prices slipped on Monday on a stronger dollar index (DXY) following the possibility of a further interest rate hike by the US Federal Reserve gaining ground. The Federal Open Market Committee (FOMC) will meet later this month. The DXY was hovering close to 103 against a basket of six major currencies. The August Gold
This continues from the conversation last week here, with the technicals not much changed. Gold prices are down another 0.3% today to $1,912 levels at the moment as the dollar is keeping slightly firmer on the session. The near-term chart though is the interesting bit to start the new week, as it confirms sellers’ bias
Asian markets began the trading week on a high note, largely driven by a rise in Japan’s Nikkei index, which was buoyed by encouraging results from BoJ Tankan Survey. Meanwhile, market participants seemed to overlook weak data from China’s manufacturing sector. Australian and New Zealand dollars led the other currencies, experiencing broad gains, closely trailed
Gold prices hovered near three-month lows as upbeat U.S. economic reports made a strong case for rates being higher, yet traders awaited cues from Federal Reserve Chair Jerome Powell and more economic data for a path ahead on rate-hikes. FUNDAMENTALS * Spot gold was little changed at $1,913.82 per ounce by 0120 GMT, close to
Remarks from Australia’s Agriculture Minister over the weekend, reported by Australia’s public broadcaster ABC, after a meeting with European counterparts in Rome. Reported by Australia’s public broadcaster ABC. The minister said the much-anticipated free trade deal between Australia and the European Union is “still a fair way off” “The offer the EU is making to
The price of WTI crude futures are settling at $70.64. The high price reached $71.04. The low price was at $69.53. The Baker Hughes rig count fell for the 9th consecutive week. Earlier this week crude oil inventories shows a huge drawdown of 9.6 million barrels much higher than expectations. Multiple OPEC* delegates foresee an
Comex gold prices moved between gains and losses during the week and are poised to close relatively flat near $1,975 per troy ounce. The yellow metal declined during the first half of the week, as investors remained wary ahead of the June FOMC meeting. Despite a 1% decline in the dollar index, gold prices have