Overshadowed by all the drama around Russia-Ukraine, there appears to be movement on an Iranian nuclear deal. In fact, Russia’s foreign minister even held a call with Iran. Given the overwhelming responsibility on Russia’s diplomats at the moment, it’s strange he would be having a call with his counterpart in Iran, unless it were important.
News
While risk aversion still dominates, sentiments appeared to be lifted by comments from Russian Foreign Minister Sergei Lavrov. In a televised exchanged, Lavrov told President Vladimir Putin, “I must say there are always chances… It seems to me that our possibilities are far from exhausted… At this stage, I would suggest continuing and building them
Gold prices in the national capital on Monday rallied Rs 478 to Rs 49,519 per 10 grams, reflecting overnight gains in international precious metal prices and sharp rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,041 per 10 grams. The Indian rupee declined 23 paise to settle
Ambassador Bridge is a key border crossing. The shut down stopped truck traffic, causing drivers to have to divert over three to four hours and slowing auto production in the region. “The Detroit International Bridge Company is pleased to announce that the Ambassador Bridge is now fully open allowing the free flow of commerce between
Asian markets open with heavy selling today as worries remain that Russia could invade Ukraine “any day now”. New Zealand Dollar is leading Aussie lower on risk aversion. But Canadian Dollar is the stronger one with WTI crude oil staying comfortably at around 94.5. Dollar, and Euro are also slightly stronger. FOMC minutes and comments
NEW DELHI: Gold prices moved higher briskly on Monday, trading near a three-month high, as lingering concerns surrounding Ukraine kept the yellow metal’s safe-haven appeal intact. Russia could create a surprise pretext for an attack, the United States said on Sunday, which increases the appeal of save haven gold. Though, the dollar and safe-haven currencies
More reports on the details of Biden’s call with world leaders are leaking and it appears he did tell them that he believes Putin has given the order to invade. The yen is edging back to the highs of the day and stocks are at fresh lows with the S&P 500 down 90 points to
New Delhi: The government on Saturday brought down the effective duty on crude palm oil import to 5.5 per cent from 8.25 per cent earlier, a move which will help control cooking oil prices and support domestic processing companies. Basic customs duty is already nil on crude palm oil (CPO) and now the Central Board
Axios with the report of the latest (confirmed) developments (there are plenty of unconfirmed rumours doing the round this weekend). Presidents Biden and Putin spoke for just over an hour Via a senior administration official: Biden said U.S. and allies will “respond decisively and impose swift and severe costs” if Russia invades Ukraine Russia would
NEW DELHI: Gold prices slipped on Friday after a higher than expected inflation reading and rate hike signals from Fed ramped up odds for a hefty interest rate hike as soon as next month. A strong dollar and rise in bond yields also dented the gold prices. Gold futures on MCX were trading down by
Gold has been consolidating around $1800 for more than a year but there’s a series of higher lows that’s been building since the start of 2021 and now it’s threatening to break out of the long-term wedge. It’s way too early to say today’s $35 rally and push through the top is a breakout but
War or rate hikes, it’s very clear that investors are worried about the former. Sentiment took a deep dive on Friday on worries over an imminent Russian invasion of Ukraine. WTI crude oil surged to new 7-year high while Gold also soared before weekly close, while stocks took a heavy beating. In the background, markets
Oil rose for an eighth straight week as tensions between Ukraine and Russia heightened concern about tight global supplies. The global benchmark rose 1.3% this week, touching $95 a barrel Friday before paring gains. National Security Advisor Jake Sullivan said Friday that the U.S. believes Russia could take offensive military action or attempt to spark
Markets: Gold up $34 to $1861 US 10-year yields down 10 bps to 1.93% WTI crude up $3.79 to $93.67 S&P 500 down 70 points to 4433 JPY leads, AUD lags That market was continuing to digest higher US inflation and the scope for a 50 basis point hike in March in the early part
Much volatility was seen in the markets overnight, but as dusts settled, risk-off sentiment dominated. Fed funds futures are now pricing in 94.7% chance of a 50bps rate hike by Fed after the strong CPI reading, comparing to just 33.7% a week ago. Dollar is trading generally higher in Asia, followed by Yen. Aussie is
New Delhi: Gold in the national capital on Friday gained marginally by Rs 22 to Rs 48,669 per 10 grams in line with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 48,647 per 10 grams. Silver in contrast, declined by Rs 626 to
Doublelines Gundlach on CNBC Does not see the fed going 50 BPs Fed follows the market The 2 year would have to go 25 basis points to get the Fed to tighten by 50 BP See 5 hikes in 2022 Sees terminal fed funds rate at 1.50%- 1.75% The Fed will continue to tighten until
Sterling rises broadly today after better than expected GDP data, even though upside momentum is weak so far. Dollar is paring some of the post-CPI gains as over sentiment, while weak, seems to be stabilizing. As for the week, Yen is the worst performing one, followed by Euro and Dollar. Aussie is the strongest one,