Gold prices inched lower on Tuesday as the U.S. dollar witnessed an uptick, with traders largely focusing on Federal Reserve Chair Jerome Powell’s speech for insights into the central bank’s rate hike path. * Spot gold was down 0.2% at $1,868.85 per ounce, as of 0033 GMT. U.S. gold futures also slipped 0.2% to$1,873.10. *
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Markets turned steady in Asian session as risk-on moves take a breather for now. Dollar remains the worst performer but there is no committed follow through selling so far, after breaking near term support against Euro and Swiss Franc. Commodity currencies also lose some momentum and are overtaken by European majors in terms of strength.
Japan’s Prime Minister Kishida wants to implement “unprecedented measures” to combat the country’s low birthrate. Says he’ll be unveilling a general framework by June The key policy measure will be a doubling the budget for children’s policies So far, so good. But …. Former LDP Secretary-General Akira Amari, a key ally of Kishida said that
Oil extended gains on Monday, rising more than 3% after China‘s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes for less-aggressive increases to
Selloff in Dollar remains the main theme today, but Yen is also sharing some burden. US 10-year yield is falling below 3.6 handle again, giving the greenback some additional pressure. Swiss Franc breaks through recent resistance against Dollar already, with help from cross buying. But Euro might also follow very soon. For now, Aussie and
Prices up 0.8% m/m seasonally adjusted Unadjusted -1.9% December prices +0.8% Largest annual decline in series history at -14.9% Full report This is the index for the second-half of December. Days supply is still about as tight as a year ago but there are some murmurs about supply coming online and that should also be
Gold price on Monday increased by Rs 367 to Rs 56,110 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 367 or 0.66 per cent at Rs 56,110 per 10 grams in a business
Australian Dollar rises broadly today as risk-on sentiment carried forward to Asian session. Additionally, the Aussie is lifted by reopening of China, together with Yuan and Hong Kong stocks. Kiwi and Sterling are currently the next strongest. Dollar plunges broadly as a result too, with expectations that Fed to going to slow down the tightening
The reopening trade, and the propping up of property, continues to provide a tailwind for China. China stocks higher on the session: Onshore yuan got a circa 6950 point revaluations at the reference rate setting today: Weekend news from China: (Gold catching a, further, bid from that last one) Saturday was the first day of
Gold price in the national capital declined Rs 201 to Rs 55,994 per 10 gram on Thursday amid a fall in the precious metal’s prices globally, according to Securities. The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram. “Comex
Turkey’s state pipeline operator Botas issued a statement on Saturday. Says that a fault on the Iranian network side had decreased the volume of gas piped to Turkey as of January 1. Turkish authorities have requested Iran fix the issue as quickly as feasible. Iran is the second-largest gas supplier to Turkey after Russia. Weirdly,
Gold prices changed little in the international markets last year. Despite the geopolitical crisis and recession fears reigniting its safe-haven demand in the first quarter, a strong US dollar had cast shadows on the prospects of the yellow metal for the rest of the year. The aggressive rate hikes by the US Federal Reserve made
The S&P 500 just touched 3890, which breaks the 3889 high from December 21 and the range since December 15. The bulls would like to see a close at 3890 or higher and there’s a real chance that FOMO kicks in if it does. Powell speaks in Sweden on Tuesday and that’s the next big
Oil rebounded over 2% on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains. Big declines in the previous two days were driven by worries about a global recession, especially since short-term economic
Risk sentiment was surprisingly positive in the first week of the year. The stock markets ended on a high note after slowing wage growth in the US and faster cooling in Eurozone inflation. After some flip-flopping, Dollar selling re-emerged in the last session. It might take a week or two more to confirm the overall
The 13th vote has started and Biggs, Boebert and Crane already voting for Jordan, but they did not nominate Herns or Jordan. Donald switched to McCarthy during the last vote. Herns – who Boebert nominated – voted for McCarthy. So he is not all-in and probably asked not to be nominated. Jordan has said he
Gold prices were little changed on Friday as cautious investors positioned themselves for key U.S. jobs data, but the safe-haven bullion was still bound for a third straight weekly gain. * Spot gold held its ground at $1,833.36 per ounce, as of 0035 GMT. For the week so far, it is up about 0.5%. *
Yen rises broadly and strongly in Asian session today even though Japan remains on holiday. The strength is rather overwhelming, and with some near term resistance levels taken out, more upside is in favor for the near term. Dollar and European majors are worse performing ones, with Sterling having a slight edge only. Commodity currencies