New Delhi: Gold in the national capital on Wednesday declined by Rs 402 to Rs 48,116 per 10 gram, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,518 per 10 gram. Silver also dipped Rs 528 to Rs 65,218 per kilogram from Rs 65,746 per kilogram in the
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Dollar’s rally extends in Asian session, with EUR/USD breaching 1.13 key support zone. Meanwhile, USD/JPY also breaks 114.86 near term top. Sterling is so far very resilient as markets await inflation data from the UK. Canadian Dollar is just mixed ahead of Canada CPI. Much volatility is likely in the day ahead. In other markets,
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW YORK: Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and U.S. shale firms. The global oil industry’s slow response to the surging demand in 2021 has contributed to soaring energy costs and
Sterling rises broadly today with help from solid job data, which eased the concerns over the impact of end of furlough scheme. Dollar is also firm as supported by better than expected retail sales sales. Euro is trying to digest some losses but stays weak on dovish ECB expectations. On the other hand, commodity currencies
US infectious disease official Fauci on the COVID -19 Top US infection disease official Fauci is on the wires saying that: It is conceivable that Covid 19 in the US gets downgraded to endemic level next year It is likely antibody levels from boosters will decline Invest in yourself. See our forex education hub.
The International Energy Agency (IEA) said Tuesday a reprieve from soaring oil prices may be on the horizon as output increases. Shortages of natural gas and coal have triggered a switch to oil, boosting demand for crude and fuelling a rise in prices. Last month, the IEA, which advises governments on energy policy, said oil
Euro tumbled broadly overnight, riding on dovish comments from ECB President Christine Lagarde. In short, Lagarde continued to talk down the need of early stimulus withdrawal and warned of the hurt to recovery for doing so. Swiss Franc is currently the second weakest, followed by Yen. On the other hand, commodity currencies are the stronger
The typical post-meeting communique There is nothing out of the ordinary from the Biden-Xi meeting aftermath so far but that perhaps is a good thing. No one expected much, if any, progress whatsoever as both sides continue to stand their ground but at least they are still trying to give out the appearance that relations
NEW DELHI: Gold prices held steady at their five-month peaks on Tuesday after a strong up move in the previous session. Concerns over broadening inflationary risks kept bullion’s safe-haven appeal intact in the face of a stronger US dollar and elevated bond yields. Gold futures on MCX were up by 0.12 per cent or Rs
Australian Dollar leads other commodity currencies higher today, as supported by solid risk appetite. US futures indicate a much higher open and extended rally could push major indices to new record highs later this week. Dollar and Euro are currently the weakest ones for the day, followed by Yen. Sterling and Swiss Franc are mixed.
Score will be important for key Democratic The Congressional Budget Office (or CBO) is to release it’s cost estimate for the Build Back Better Act by November 19th. The $1.75 trillion social spending and climate package is touted as being paid for. If the score is above $1.75 trillion, it could give moderate Dem Sen. Joe Manchin (D-W.Va.)
New Delhi: Gold in the national capital on Monday dipped by Rs 82 to Rs 48,246 per 10 gram in line with weak international precious metal prices and a stronger rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,328 per 10 gram. Silver also declined Rs 208
Dollar retreats mildly in quiet Asian session today, but loss is limited. Some consolidations will likely be seen and further rally in the greenback is still likely to follow. Yen is also slightly softer after worse than expected GDP data. On the other hand, Swiss Franc and Euro are trading mildly higher while Aussie is
Arguments for and against from Bloomberg One of the strong arguments Bitcoin advocates have made is that Bitcoin provides a good hedge against inflation. However, what are the pros and cons of the argument. Last week a Bloomberg piece put up a few of these arguments and it is worth looking at them here. The
NEW DELHI: Gold prices pulled back from a five-month peak in Monday’s session as a firm dollar decreased the appeal of the yellow metal. The US dollar index hovered close to a 16-month high, pressuring bullion by increasing its cost to buyers holding other currencies. Gold futures on MCX were trading lower by 0.23 per
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! Its just after 8am in New Zealand, and as is usual for a Monday morning, market liquidity is very thin. It improves as more Asian centres come on online … prices are liable to swing around
Gold exchange-traded funds (ETFs) continue to attract investor attention as they garnered net assets worth Rs 303 crore in October due to festive season demand. This was, however, lower than the net inflow of Rs 446 crore seen in September. Before this, the segment saw a net inflow of Rs 24 crore in the previous