NEW DELHI: Gold is considered a safe haven asset where investors rush in times of crisis. Inflation, which has been rising across the world, is also usually supportive of gold prices. Does this mean gold prices will rise now? Prashant Jain, the chief investment officer of HDFC Mutual Fund, believes even inflation may not help
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Markets: Gold down $2 to $1837 WTI crude down $1.02 to $84.78 US 10-year yields down 1 bps to 1.827% S&P 500 down 50 points to 4482 AUD leads, EUR lags This was a disappointing day for the bulls and anyone optimistic about global growth in 2022. The Chinese rate cut helped to kick off
Dollar turns softer in early US session after much worse than expected jobless claims data. Euro is closely following as next weakest and then Swiss Franc. On the other hand, Australian Dollar is extending post-job data gains. Canadian Dollar is also firm on oil prices. Yen is mixed for the moment as European stock markets
New Delhi: Gold prices rose by Rs 415 to Rs 48,327 per 10 gram in the national capital on Thursday, reflecting overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,912 per 10 gram. Silver prices also soared by Rs 858
The hope for France and many other countries facing the omicron wave is that infections will peak in late January or early February and then tail off. So far, we’re still heading towards that peak for France and it is a bit concerning as hospitalisations and intensive care admissions are starting to gather pace over
Australian Dollar rises broadly in Asian session today following much stronger than expected job data. Expectation for RBA tightening is increasing with calls for a hike as soon as in August. Canadian Dollar is also firm together with bullish strength in oil prices. As China’s rate cut is lifting sentiment, Yen and Dollar are turning
NEW DELHI: Gold prices were trading flat on Thursday, edging marginally lower, after steadying near a two-month peak, hit during the previous session. Higher US Treasury yields prevented any gains amid caution building around developments at the US Federal Reserve’s meeting due next week. Gold futures on MCX were flat, marginally down by 0.01 per
Manchin was asked if he’s having renewed conversations about Build Back Better and Biden’s “break it up into chunks” comment at the (Biden) news conference: “Not yet, no one has come to me on that,” 2022 looks to be another year of drawn out negotiations on Biden’s plans. At least so far. — In other
Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week so far, Euro remains the worst performing one. Sterling is next and will look into BoE Governor Andrew Bailey’s comments.
LONDON: Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up despite the spread of the Omicron coronavirus variant. “This time around, the surge is having a more muted impact on oil use,” the Paris-based
European stocks are now trading higher on the day, posting slight gains while US futures have also turned around deep losses to be in positive territory at the moment. S&P 500 futures are up 0.1% after being down by as much as 0.7% earlier while Nasdaq futures turned around a 1% drop earlier to be
Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi are soft, but selloffs are mainly centered around European majors. Euro is particularly weak as it looks set to resume
New Delhi: Silver prices spurted by Rs 1,603 per kg while gold was marginally up in the local market here on Wednesday amid a weaker rupee, according to HDFC Securities. Gold prices inched up by Rs 16 to Rs 47,878 per 10 grams. In the previous trade, the precious metal had settled at Rs 47,862
The weekly confidence data from Australia has slumped: Australia weekly consumer confidence 97.9 (prior 106.0) This monthly survey from WPAC/MI is not quite as bad – still above the 100 line separating net pessimism from net optimism. WPAC remark: While the January sentiment result was resilient overall, responses over the course of the survey week
Stocks markets are turning back into risk off mode with US futures pointing to sharply lower open. Yen managed to reverse earlier losses and trading generally higher. Canadian Dollar is also firm as supported by extended rally in oil prices. Dollar is following with some lift by rising treasury yields. On the other hand, Sterling
New Delhi, Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,837 per 10 grams. Silver was flat at Rs 61,835 per kg from Rs
Prior -7.4 Outlook 51.7 vs 32.7 expected Prior 29.9 The current conditions reading slumped to start the new year but the key takeaway for me is the sharp jump in the outlook reading. That reveals that investors are more upbeat about overall conditions in the months ahead, with ZEW noting that majority assume that economic
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest one. Canadian Dollar, on the other