NEW DELHI: Gold prices were trading higher on Tuesday, supported by weaker US dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes. Markets anticipate quicker rate hikes based on key December US inflation data due later this week and Jerome Powells’s testimony in the evening, while
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Markets: S&P 500 down 7 points to 4670 Nasdaq flat (was down 2.7%) WTI crude do0wn 54-cents to $78.36 US 10-year yields down 1 bps to 1.76% after touching 1.80% JPY leads, CHF lags The yen was the star performer today as markets arrived in a bad mood. Rates moved up early and then tech
Yen rebounds notably as US futures take a dive just ahead of North American session, while European index also reverse earlier gains. While Dollar is dragged down by Yen, it’s somewhat still resilient against others. Selling is mainly seen in Swiss Franc and, to a lesser extent, Euro. Commodity currencies are mixed. We’ll have to
New Delhi: Gold in the national capital on Monday declined Rs 54 to Rs 46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities. The precious metal settled at Rs 46,502 per 10 grams in the previous trade. Silver also dipped by Rs 178 to
Prior 13.5 That’s a better reading than expected and points to some stabilisation in euro area investor morale. That despite omicron risks and rising infections in the region, so that is a positive takeaway for the mood music in Europe. Of note, the current conditions index rose from 13.3 to 16.3 in January – the
Euro turns softer in a quiet Asian session together with Swiss Franc, but Yen is even weaker. On the other hand, Aussie is ticking up slightly together with Loonie and Dollar. Overall, trading is rather subdued with major Asian stock indexes treading water in tight range, and Japan is on holiday. Focuses will turn to
NEW DELHI: Gold prices were trading lower on Monday amid firm US dollar and bond yields. Gold futures on MCX declined 0.20 per cent or Rs 94 to Rs 47,358 per 10 grams. Silver was down by 0.41 per cent or Rs 247 at Rs 60,360 per kg. Traders awaited December US inflation data that
Here is the piece: Cluster of 20 omicron cases hits Tianjin, a gateway city to Beijing As noted in the article: With the Beijing winter Olympics less than a month away, the outbreak will cause grave concern. All residents have been told not to leave the city but no lockdown order has yet been given.
New Delhi: Gold price in the national capital on Thursday tumbled Rs 284 to Rs 46,700 per 10 grams in tandem with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,984 per 10 grams. Silver also dipped by Rs 1,292 to
The minutes of the FOMC meeting “shocked” the market this week, after the Fed said that they would look to decrease the Fed’s balance sheet. That typically comes from letting the maturing issues on the balance sheet run off without replacing them with new buys from the Fed. Since the start of the QE, the
NEW DELHI: The ninth tranche of the sovereign gold bond (SGB) scheme 2021-22 will open for subscription on Monday. This issue comes amid increased demand for bullion given heightened market risks. Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram for the previous tranche. There
In one version of history, the huge spontaneous protests in Kazakhstan were the result of years of grievances that boiled over after an increase in propane and butane prices, which are widely used as auto fuels there. In another version, a ‘hybrid war’ is ongoing where there’s an ongoing “attempt to undermine the security and
It was a roller coaster ride as traders came back for the new year. Markets were in full risk-on mode as worries over Omicron faded. Yet, sentiment turned after more hawkish than expected FOMC minutes. Major stock indexes were than in deep pull back. Major global benchmark treasury yields powered through key resistance level. In
Gold inched up on Friday, hovering close to a two-week low hit in the previous session, after the chief of the World Health Organisation (WHO) said the Omicron variant cannot be considered ‘mild’, while stronger yields capped bullion’s gains. FUNDAMENTALS * Spot gold was up 0.2% to $1,791.73 per ounce by 0100 GMT. U.S. gold
Not much adds up about today’s US dollar selloff. For one, it’s rare to see the dollar lower right across the board. Generally, if there’s a risk-on or risk-off day, you’ll get an outlier like USD/JPY. Today though, the dollar is even down 25 pips against the yen and is making new lows as I
MELBOURNE: prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the same time output has dropped in Libya. Brent crude futures climbed 48 cents, or 0.6%, to $82.47 a barrel at 0127 GMT, adding to a 1.5% jump in the previous session.
Markets: Gold up $5 to $1794 Bitcoin down $1172 to $41,949 US 10-year yield up 3 bps to 1.767% — highest since 2019 S&P 500 down 10 points to 4686 CAD leads, USD lags (I haven’t written that often in the past year) There’s perhaps a story to tell in Friday trading if you’re so
At the time of writing, markets are still figuring out how to react to the mixed US non-farm payroll data. While the headline job grow was very disappointing, unemployment rate improved. More importantly, wages reported another month of strong growth. Canadian Dollar is trading mildly higher after strong job data, but there is no clear