NEW DELHI: Gold prices traded flat with negative bias on Monday as slightly weaker US Treasury yields countered an uptick in the dollar. Gold futures on MCX eased by 0.07 per cent or Rs 32 to Rs 48,120 per 10 grams. Silver was unchanged, down 0.01 per cent or Rs 8 at Rs 62,303 per
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Merry Christmas, although its a little more challenging for those who have had plans disrupted. Its not only this sector of the economy that is seeing negative effects of the spread of the new variant, and its not only impacting the US and its economy. Harsh lockdowns are only a hair-trigger away in China, for
NEW DELHI: Gold prices traded in the tight range on Wednesday as higher US Treasury yields and improved risk appetite countered concerns about the rapidly spreading Omicron coronavirus variant. Gold futures on MCX added 0.06 per cent or Rs 29 at Rs 48,096 per 10 grams. Silver futures gained 0.16 per cent or Rs 96
Most of these new cases are in Shaanxi province, in north central/west China. The city of Xi’an (the largest urban area in the province) is the hotspot and is currently under lockdown. Lockdowns in China will slow its economic recovery and also pose a threat to global supply chains. ADVERTISEMENT – CONTINUE READING BELOW
NEW DELHI: Gold prices edged higher on Thursday on a weaker US dollar. Although, renewed risk appetite fuelled by an encouraging Omicron study and increased optimism around the global economic outlook kept gains in check. A South African study suggested reduced risks of hospitalization and severe disease in people infected with the Omicron variant versus
There’s no other way around it. The Fed will be a major focus in the market next year and will likely dominate the bond market and dollar landscape for months on end. But with the midterm elections in November, be wary that there might be a considerable amount of political risk also at play depending
Physical gold demand was mixed in top Asian hubs this week, with overall activity subdued going into Christmas and the new year, although the upcoming holidays prompted some consumers in Singapore to pick up bullion for gifting. While the market has quietened, there’s been quite a bit of a retail buying this week into year-end,
I don’t think omicron is a concern for the markets except in China. That’s the one place where they will put in severe lockdowns. Many of the new cases today are likely in Xian, where the city of 13 million is completely locked down. In a sign that China has no intention of easing away
NEW DELHI: Gold prices traded flat on Friday ahead of the holiday season as the dollar steadied and appetite for riskier assets improved on easing fears over a fallout from the Omicron coronavirus variant. Gold futures on MCX increased marginally 0.04 per cent or Rs 18 at Rs 48,170 per 10 grams. Silver futures gained
Yen trades mildly lower today, as Asian markets recover despite the steep fall in US overnight. Swiss Franc and Dollar are also soft. On the other hand, commodity currencies are all recovering mildly, but momentum is weak. Overall, the forex markets are still hesitating to break out from recent range, with the exception of Canadian
There’s still much uncertainty on how omicron is going to play out but the general line of thinking now is that things won’t be as bad as last year. However, there is some room for caution as vaccines are seemingly less effective and the virus strain is more highly transmissible. So, how does all of
New Delhi: Gold price in the national capital on Friday gained Rs 57 to Rs 47,263 per 10 gram tracking firm international trends, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,206 per 10 gram. “Spot gold prices for 24 carat at Delhi were trading up by Rs 57
China is going against the global tide of normalization of monetary policy. The PBOC announced to cut the one-year loan prime rate (LPR) by -5 bps to 3.8%, first time April 2020. This, together with the reduction in RRR and increase RRR on foreign currencies earlier this month, indicates that the country’s economic recovery is
> Forexlive Asia-Pacific FX news wrap for Friday 24 December 2021 Session wrap Forex news for Asian trading on Dec 24, 2021 Just the bullet-point links to the headlines today folks. Not a lot of major rate forex movement of note. Merry Christmas to all! The Japanese CPI figures for November showed once again CPI
TOKYO: Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the Omicron coronavirus variant’s impact on demand. Brent crude futures slid 29 cents, or 0.4%, to $76.56 a barrel by 0205 GMT, following a 2.1% gain in the previous session. The benchmark was still on track
Sterling’s rally picks up some strong momentum in pre-holiday trading. Meanwhile, overall steady to risk-on sentiment is also lifting Aussie and other commodity currencies. On the other hand, Euro is under tremendous pressure, thanks to selloff against the Pound. Dollar, Yen and Swiss Franc are also soft, with the greenback shrugging off strong PCE inflation
New home sales 0.744M in November US November new home sales 0.774M versus 0.777M estimate The new home sales jumped 12.4% above the October revised level of 0.662M new home sales year on year is down -14% vs November 2020 (865,000) new houses for sale 402,000 median sales price $416,900 the average sale price came
New Delhi: Gold in the national capital on Thursday gained Rs 140 to Rs 47,268 per 10 gram in line with strong international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,128 per 10 gram. Silver also jumped Rs 290 to Rs 61,099 per kg from