NEW DELHI: Gold prices eased down on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. The dollar held steady after climbing to its highest since March 2020 on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively
News
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar recovers mildly as stronger than expected CPI data prompted some speculations that RBA could hike next week. But it’s not
Wall Street Journal had the report Tuesday US time (gated) Chinese President Xi Jinping has told officials to ensure that the country’s economic growth outpaces the U.S.’s this year, according to people familiar with the discussions In meetings over the past few weeks, Mr. Xi told senior economic and financial officials that ensuring that the
NEW DELHI: Gold prices rose on Tuesday after hitting one-month lows in the previous session as softening of the US dollar and drop in treasury yields aided bullion’s appeal. The dollar eased from a two-year high in the previous session, making greenback-priced gold cheaper. Bullion is seen as a safe store of value during economic
Overall risk sentiment is mixed today with mild recovery in European stocks, even though US futures still point to lower open. Major global benchmark treasury yields are turning softer. Dollar, Swiss Franc and Yen are staying as the strongest ones. Selling focus, however, has turned to Sterling in Euro. Commodity currencies turned mixed for now,
A momentary breather for the pair? Likely so. The pause comes after some intervention talk last week among Japanese officials, and that kept buyers more guarded in pushing for a move towards 130.00. Since then, the pair has stalled somewhat although the move does reflect action in the bond market as well. 10-year Treasury yields
NEW DELHI: In the last few weeks Castor seed prices have moved in a range of Rs 7,000-7,300. Prices were near the Rs 7,500 mark during the last week of the previous month, but presently the commodity trades in a moderate price band. Analysts tracking the commodity said buyers are getting abundant supplies from this
Markets sentiment stabilized a bit in Asia, following the recovery in US stocks overnight. Commodity currencies are paring some losses while Dollar and Yen are retreating. But so far, the Japanese currency is still the strongest one for the week, backed by overall risk-off sentiment, while Dollar is also firm, except versus Loonie. Euro is
June 12 and 19 parliamentary elections, for control of the legislature. the president’s party has won a majority in parliament in recent elections, but of course its not guaranteed If Macron’s party loses then he’d have a Prime Minister from another party. This would severely restrcit his powers as president. Via Reuters: A poll on
New Delhi: Gold in the national capital on Monday declined by Rs 316 to Rs 51,872 per 10 gram in line with fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 52,188 per 10 gram. Silver also tanked Rs 1,010 to Rs 65,443 per
Yen, Swiss Franc, and Dollar are trading higher today on overall risk off sentiment. Selloff was particularly steep in Chinese stock markets on risks of more lockdowns in major cities, in particular Beijing. While European markets and US futures are in red, downside is relatively limited for now. Australian Dollar is still the worst performing
(Reuters) – China’s yuan finished domestic trading on Monday at a one-year low against the dollar, extending losses after posting its worst week since 2015, as a worsening economic growth outlook drove investor concern that the currency had more room to fall. Sentiment also took a knock on fears that strict lockdown measures will spread
NEW DELHI: Gold prices dipped lower on Monday to its new two-week lows as the aggressively hawkish Fed continued to weigh on the bullion’s sentiments, following its approach of tightening monetary policy. With expectations of a half-percentage point interest rate hike at the Fed’s May meeting now locked in, traders on Friday piled into bets
Risk aversion dominates the markets in Asia with concerns on more tough lockdowns in China, including the capital city of Beijing. Dollar jumps broadly higher, with Yen and Swiss Franc as distant second and third. Aussie and Kiwi are extending last week’s decline, trading as the worst ones for today so far. Euro is the
Foxconn’s manufacturing operations in Kunshan have been operating under a “closed-loop” system (employees confined to its four local campuses) since a citywide lockdown started in early April. Foxconn has halted production at two of its factories in the eastern city of Kunshan suspended since mid last week all employees confined to dormitories inside campuses after
April 21: Gold prices dipped on Thursday, tracking a rebound in U.S. Treasury yields and the dollar, which continued to weigh on demand for safe-haven bullion. FUNDAMENTALS * Spot gold was down 0.2% at $1,953.21 per ounce, as of 0039 GMT. U.S. gold futures were nearly flat at $1,956.20. * U.S. Treasury yields firmed after
There are plenty of updates on Russia’s war on Ukraine, just noting this one. Ukrainian President Zelensky announced the US visitors. He will meet with the two on Sunday. Further weapons provisions will be on the agenda. Zelenskyy: said he expected “not just presents or some kind of cakes, we are expecting specific things and
Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 GMT, recouping