WTI crude oil climbed $3.35 to settle at $107.62 while brent finished the week at $113.12. Both are lower compared to last Friday’s close and that’s the second week in a row of declines but it follows a streak of seven consecutive weekly gains. Overall, crude is right in the middle of the range since
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June 24: Gold prices were steady on Friday, headed for their second straight weekly decline, with worries over major central banks potentially implementing big interest rate hikes to target runaway inflation weighing on appetite for bullion. FUNDAMENTALS * Spot gold was flat at $1,823.20 per ounce by 0113 GMT, after hitting a one-week low of
The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was mixed together with Sterling wile Dollar was ended lower against all but Yen and Kiwi. Overall, there were hints of
Markets: S&P 500 up 115 points, or 3.0%, to 3914 US 10-year yields up 6.8 bps to 3.14% WTI crude oil up $2.79 to $107.66 Gold up $4 to $1826 AUD leads, JPY lags After hiking by 75 basis points instead of the 50 bps he long-ascribed to, Powell cited the jump in inflation expectations
NEW DELHI: Gold futures fell marginally on Friday morning, as the dollar stayed firm amid expectations of a 75-basis-points Fed rate hike in July. Gold August futures fell Rs 44 or 0.09 per cent to Rs 50,550 per 10 grams on in early trade. Silver July futures were trading flat at Rs 59,505.00, up Re
Swiss Franc is staying as the strongest one for today while markets are rather quiet elsewhere. Yen turns slightly weaker and US and European yields recover. But Dollar is also weak on overall steady sentiment. As for the week, however, Aussie and Kiwi are the worst performers, followed by Yen and Dollar. Swiss Franc and
Headlines: Markets: CHF leads, JPY lags on the day European equities higher; S&P 500 futures up 0.7% US 10-year yields up 5.5 bps to 3.125% Gold up 0.1% to $1,824.63 WTI crude up 1.5% to $105.87 Bitcoin up 1.6% to $21,142 It was a quiet session in terms of headlines mostly but we did get
New Delhi: Gold prices declined by Rs 70 to Rs 50,557 per 10 grams in the national capital on Friday, according to HDFC securities. In the previous trade, the precious metal settled at Rs 50,627 per 10 grams. Silver prices also declined by Rs 621 to Rs 59,077 per kg from Rs 59,698 per kg
Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity prices But Dollar isn’t too far behind, following the pull back in treasury yields. Swiss Franc and Sterling are the
Sounds like the dude is studying for his economics 101 test. Yes, paying for goods coming from overseas with a weaker currency will impact the local price higher (other things being equal). This has always been a key principle to bear in mind when energy prices are rising and the yen is falling. Also says:
NEW DELHI: Gold futures fell on Thursday morning, as the dollar stayed stable after the comments made by the US Fed Chair Jerome Powell in his testimony to the US Senate Banking Committee. Silver futures fell over half a per cent in early trade. Powell said the Fed is not trying to engineer a recession
Euro falls broadly today after worse than expectation PMI data. Aussie and Loonie are also weak as commodity prices pull back. On the other hand, Yen and Swiss Franc are rebounding, following the rather deep pull back in US and European benchmark yields. Stock markets are mixed with European indexes trading in red, but US
Headlines: Markets: JPY leads, EUR lags on the day European equities mixed; S&P 500 futures up 0.7% US 10-year yields down 2.4 bps to 3.131% Gold down 0.5% to $1,828.03 WTI crude up 0.5% to $106.20 Bitcoin up 3.8% to $20,610 It was quiet start to European trading today but things really kicked into gear
Oil prices sold off over the past days, dropping below USD 110 from above USD 125 mid-June. Recession fears have their grip on markets, but the mood swing is rather one of ebbing optimism than swelling pessimism. We struggle to see lasting scarcity. Russian oil still finds its buyers and the cargoes simply take the
While the stock markets are steady, Aussie, Kiwi, and to a lesser extend Loonie, are trading generally lower. Decline in commodity and energy prices, on concerns over recession, appear to be weighing down on these currencies. Copper prices dropped to the lowest level since March 2021, while iron ore price has fallen 15% in 2
Australian June preliminary PMIs: S&P Global Manufacturing PMI 55.8 prior 55.7 S&P Global Services PMI 52.6 prior 53.2 S&P Global Composite PMI 52.6 also prior 52.9 Solid results all around. The RBA hiked again in June, these indicators of the economy still in expansion. ps. The calendar shows ‘expected’ also: ADVERTISEMENT – CONTINUE READING BELOW
NEW DELHI: Gold prices dropped on Wednesday, thanks to the firm US dollar and higher bond yields. However, the bullion remained range-bound. Investors awaited fresh cues from top central banks on their monetary policy plans, especially from the US Federal Reserve. Fed chair Jerome Powell will testify before the US Congress this week. Gold futures
Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn