NEW DELHI: Gold prices on Monday rose by Rs 13 to Rs 45,431 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 13, or 0.03 per cent, at Rs 45,431 per 10 gram in
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Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the sentiment to extend recent record runs. Euro and Dollar are currently the weakest ones, followed
Good morning/afternoon/evening and welcome to Monday! Its a market holiday in New Zealand and Australia today and across most of Europe and the UK which will thin trading out. Hong Kong, Singapore, Japan and China are in. I’ll be popping in from time to time before back to normal on Tuesday. On the data calendar
LONDON/DUBAI: OPEC+ will debate two key options for oil policies from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said. The Organization of the Petroleum Exporting Countries (OPEC) and allied producers, a grouping known as OPEC+, are cutting output by a little more than 7
European markets will be closed on next Monday as well It will also be a holiday in Australia, New Zealand, and China so expect the Asian and European trading sessions to be extremely quiet with liquidity conditions severely impacted. Besides that, just take note that US markets will return on Monday next week. Technically, Treasuries
After beginning Calendar 2021 with a bang, the commodity market seems to have taken a breather after a decent rally. Gold and silver prices have eased 9-15 per cent from last year’s peaks on signs of economic recovery amid the Covid-19 vaccination drives, and moved in the ranges of $1,678-1,954 and $24-29 per ounce, respectively.
US jobs report is due at the bottom of the hour It’s non-farm payrolls Friday but it’s also Good Friday and that means most markets are closed. The jobs report will land in a thin market and if you’re trading it, beware of light liquidity and exaggerated moves. The consensus estimate is +650K and there’s
LONDON/DUBAI/MOSCOW: OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, sources said, after the new US administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump’s practice of calling OPEC‘s leader over oil policy. The group, which has been implementing deep cuts since oil prices collapsed in 2020 due
March 2021 non-farm payrolls highlights Prior was 379K Unemployment rate 6.0% vs 6.0% expected Prior unemployment rate 6.2% Participation rate 61.5% vs 61.5% expected (was 62.8% pre-pandemic) Prior participation rate 61.4% Underemployment rate 10.7% vs 11.1% prior Average hourly earnings -0.1% m/m vs +0.1% expected Average hourly earnings +4.2% y/y vs +4.5% expected Average weekly
MUMBAI: India‘s gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold
Selloff in Yen and Swiss Franc remain a main theme in the markets in Asia today, while Euro is also weak. Dollar is staying firm but it’s struggling to extend gain against commodity currencies and Sterling for now. Indeed, Aussie and Loonie are now trying to reverse some of this week’s losses against the greenback.
Suspect is in custody Two police officers and suspect taken to the hospital. Car did not get too far , but suspect brandished a knife after crash. It is being reported that the Capitol suspect has died (according to ABC news). Some drama, but Congress is not in session. The Capitol is on lockdown. Hoping
Gold rose over 1% on Thursday buoyed by a retreat in the and US bond yields, while grim US jobless data clouded the outlook for an economic recovery, adding to the metal’s safe-haven appeal. Spot gold rose 1.2% to $1,727.86 per ounce by 1:39 p.m EDT (1739 GMT). Most markets will be closed for Good
Yen remains generally weak in early US session today. But buying focuses against the Japanese currency has somewhat turned from Dollar to Sterling and Canadian. Both the Pound and Loonie were lifted slightly be better than expected GDP data. On the other hand, Dollar’s rally is losing some momentum. Traders are turning their attention to
Decent US dollar move, but certainly nothing sensational The US dollar caught a quick bid after a roundly-stronger March non-farm payrolls report. The US added 916K jobs in the month, besting the +660K consensus estimate. USD/JPY jumped to a high of 110.68 from 110.55 on the data and there were similar USD kneejerk moves higher
When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production cuts – it sent a message about its clout and foreshadowed changes to the world’s energy maps. It was a move that had been in the works for