The major US stock indices are trading to new session highs and in what has been a volatile trading day. The snapshot of the market currently shows: Dow industrial average up 201 points or 0.61% at 33013.44 S&P index up 47.41 points or 1.15% at 4148.13 NASDAQ index up 242 points or 2.02% at 12236.75
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Gold in the national capital on Thursday jumped Rs 434 to Rs 50,887 per 10 grams, supported by rally in the yellow metal prices in the international markets along with rupee depreciation, according to securities. In the previous trade, the precious metal finished at Rs 50,453 per 10 grams. Silver also rallied by Rs 918
Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are the next weakest even though both are trying to recover some ground. Australian Dollar is
Gold prices retreated further on Thursday as the greenback strengthened, denting bullion’s demand among investors. However, lower treasury yields capped losses. Benchmark US 10-year Treasury yields dipped, buoying the appeal of zero-yield gold. However, the dollar steadied after hitting a more than one-week peak on Wednesday, making bullion less attractive for overseas buyers. Gold futures
This ties back to the earlier headline here, which suggests that Saudi Arabia and UAE are ready to step up to cover for Russia’s shortfall amid ongoing sanctions. If Russia is on board, that may very well finally see a significant change in stance by OPEC+ for the first time in a while now. The
Yen’s selloff continued overnight together with strong rebound in US 10-year yield. The Japanese currency remains pressured in Asian session and remains vulnerable. At the same time, Euro and Sterling are also weakening notably. Dollar is rebounding, but for now, Canadian and Australian are still the strongest one for the week. There is prospect for
The price of crude oil futures are settling at $115.26 . That is up or %. The low for the day reached 114.58. The low for the day extended to 117.87. Shanghai lifted their lockdown which is a positive for oil. The Russian oil ban in the EU at the end of the year is
New Delhi, Jun 1 (PTI) Gold in the national capital on Wednesday declined by Rs 353 to Rs 50,509 per 10 grams amid muted global trends along with rupee appreciation, according to Securities. In the previous trade, the precious metal finished at Rs 50,862 per 10 grams. Silver dipped Rs 123 to Rs 60,834 per
Australian Dollar is leading commodity currencies higher again, on the back of positive market sentiment. The Aussie is additionally support by better than expected GDP data, which affirms the case for more RBA rate hike. Canadian Dollar is also firm, awaiting BoC’s hawkish rate hike. Yen is the worst performing one, following the rally in
After hitting above highs of just above 131.00 at the end of April and early May, the pair fell back as bond yields retreated in the past three weeks. It was a much needed breather after a pretty unrelenting push from 116.00 all the way to 130.00 for the pair. But as bond yields are
NEW DELHI: Gold prices were trading sharply lower on Wednesday, the lowest levels in the last two days. The demand for the safe-haven bullion has been offset by a sustained gain in the US treasury yields and some strength in the US dollar. Gold futures on were trading lower by 0.46 per cent or Rs
Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Australian Dollar are both stronger than the greenback. The Loonie’s rally slowed some what as WTI crude oil was rejected
The WSJ reports that some OPEC members are considering suspending Russia from OPEC+ and using that to push for an increase in quotas. Some OPEC members are exploring the idea of suspending Russia’s participation Suspending Russia would pave the way for Saudis and UAE to pump more “Some members in the Persian Gulf have begun
Gold in the national capital on Tuesday gained marginally by Rs 34 to Rs 51,046 per 10 grams in line with firm global trends along with rupee depreciation, according to Securities. In the previous trade, the precious metal settled at Rs 51,012 per 10 grams. In contrast, silver declined by Rs 390 to Rs 61,657
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil
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Gold prices were trading mildly lower on Tuesday following strong bond yields and strength in the US dollar, which dented the bullion’s appeal. The yellow metal is headed for a straight second monthly loss. Higher US 10-year treasury yields lower the appeal of zero-yield gold, while a stronger dollar makes greenback-priced bullion more expensive for
Canadian Dollar is trading as the strongest one so far for the week. Rising oil price is giving extra support to the Loonie, on the back of improving overall risk sentiment. Aussie and Euro are firm behind too. Yen remains the worst performing one, followed by Swiss Franc and Dollar, while Sterling is mixed. US