Fox reports that shelling has resumed in Eastern Ukraine as the region braces for conflict. This would be the Ukrainian military or separatists in Donbass, not the Russian military. This kicked off yesterday and initially caused a big wobble in markets and flight to USD and JPY . However this kind of fighting in
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Gold prices in the national capital on Thursday rallied Rs 513 to Rs 49,738 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,225 per 10 grams. Silver zoomed by Rs 190 to Rs 63,222 per kg, from Rs
The markets are overall mixed today, as investors are holding their breath, awaiting confirmation on whether Russia is going to invade Ukraine, or not. Gold jumps notably and is now eyeing 1900 handle on nervous sentiment. In the currency markets, Yen is currently the stronger one, followed by Kiwi and then Sterling. Canadian Dollar is
After the earlier headlines involving Russia and Ukraine, expect the session ahead to be another day filled with anticipation on what happens next between the two nations. Tensions remain high and markets are keeping more defensive for the time being. We’ll see how things go but the mood is rather apprehensive right now and it
NEW DELHI: Gold prices were largely unchanged on Thursday as investors focused on higher inflation while conflicting statements over Russia-Ukraine tension also kept risk premium up. Fed officials last month agreed that with inflation tightening its grip on the economy and employment strong, it was time to raise interest rates. Gold futures on MCX were
Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market sentiment remains rather fragile and ultra-sentiment. Dollar and Yen are both picking up some buying while European majors are mixed.
Gold is up $17 today to virtually erase yesterday’s decline. With the metal trading at $1869, it’s just one dollar away from the highest close since June. The intraday high this week was $1879. With the tide turning against Russian military action in Ukraine, it’s becoming increasingly clear that the bids in commodities are less
Overall market sentiment is slightly weaker entering into US session. While Russia showed videos of tanks leaving Crimea, NATO questioned de-escalation and said troop buildup was still going on. There is little reaction to much stronger than expected US retail sales. Nevertheless, Canadian Dollar is popped up by higher than expected, surging consumer inflation data.
New Delhi: Days after receiving in-principle approval from Sebi to launch Electronic Gold Receipts (EGR) segment, BSE on Wednesday said it has collaborated with four regional associations from Maharashtra and Tamil Nadu to promote such products. These pacts are aimed at providing impetus for the growth and development of commodities segment in general with an
Japan Tertiary Industry Index for December 2021 0.4% m/m expected 0.5% prior 0.4% This economic indicator basically measures the total value of services purchased by Japanese businesses over the month and is often touted as a leading index for the health or otherwise of the Japanese economy. While not as good as expected its an
Asian markets are cautiously optimistic as worries over Russia-Ukraine situation eased. While there are reports of cyber attacks by Russia on Ukraine’s defence ministry and banks, investors are still calm. If the risks of war do vanish, hopefully, focuses will be turned back to Fed’s tightening pace, which might be shed some lights on by
NEW DELHI: Gold prices slipped on Wednesday, pulling back from nearly eight-month highs, as signs of ease in tensions between Russia and Ukraine diminished the bullion’s appeal. Gold prices had rallied to their highest since June last year on Tuesday, buoyed by safe-haven demand, before giving up all gains on news indicating some easing in
ThePres. Biden is to give a status update on Ukraine at 3:30 PM ET. Recall from last Friday the markets were shook when US officials, started to leak out fears of what was about to happen: The U.S. believes Putin has decided to invade Ukraine and communicated those plans to the Russian military, three officials
Overall market sentiment improved a lot after Russia said it pulled back some troops near the border of Ukraine. As worries of imminent war eased, Gold and oil price dip notably, while stocks rebound. Euro is staging a recovery, together with Aussie and Kiwi. On the other hand, Yen and Dollar are turning softer, together
Gold in the national capital on Tuesday gained marginally by Rs 32 to Rs 49,619 per 10 grams, capping gains with correction in global gold prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 49,587 per 10 grams. Silver, in contrast, declined Rs 440 to Rs
That is the highest since June last year as Russia-Ukraine tensions have propelled gold from a rather benign position to a notable technical breakout. The jump on Friday saw gold break above key trendline resistance and now we’re seeing buyers try to push past the November high of $1,877.14 as well. Much like oil and
The forex markets are pretty steady in Asia session today, with major pairs and crosses bounded inside yesterday’s range. Sentiment is mixed as investors are awaiting to see Russia would invade Ukraine on February 16, as media reported. But the rally in Gold suggests that investors are getting nervous on the risks. For now, Swiss
NEW DELHI: Gold prices continued to move higher on Tuesday as geopolitical concerns intensified. Heightened tensions between Russia and the West over Ukraine prompted investors to pull back from riskier assets and opt for safe-haven bullion. Gold futures on MCX were trading up by 0.57 per cent or Rs 286 at Rs 50,202 per 10