NEW DELHI: Gold price plunged by Rs 661 to Rs 46,847 per 10 grams in the national capital on Friday reflecting a fall in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,508 per 10 grams. Silver price also declined Rs
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Forex news for North American trading on February 12, 2021 The US 30 year bond is closing the day – and week – above 2% for the first time in a year (since February 20, 2020). The yield is up on fears about potentially future inflation from higher growth. The Fed members – including Fed Chair Powell –
NEW YORK: Oil prices edged higher on Friday, buoyed by hopes for a US stimulus bill, but a weaker demand outlook from OPEC and the International Energy Agency capped gains. Brent crude was up 38 cents, or 0.6%, at $61.52 a barrel by 11:06 a.m. ET (1606 GMT) having dropped to a session low of
Sterling appears to be one of the stronger after data showed larger than expected GDP growth in December and Q4. But for now. Mean while Dollar and Euro are following as the next better performer. The greenback attempted for a recovery earlier today. But apparently, there is now follow through buying so far. Commodity currencies
It only took them about a year since the pandemic to get this settled The €672.5 billion recovery fund got the go-ahead from parliament yesterday and has been signed today. As much as von der Leyen says that they are going to move “swiftly” with this, waiting another few months before the initial funds are disbursed
NEW DELHI: Gold and silver futures prices traded mixes on Friday with yellow metal trading flat with a negative bias led by rising US dollar and treasury yield while the white metal registered gains. Meanwhile, US President Joe Biden plans to ask Congress this month to invest heavily in infrastructure after his $1.9 trillion Covid-19
Dollar’s selloff slowed further in a very quiet Asian session, on lunar new year holiday. Activity might come back with a number of economic data featured from the UK. Upside surprises there could add to the upbeat outlook as painted by BoE chief economist. As for the week, the greenback remains the worst performer for
Forex news for North American trading on February 11, 2021 In other market today: spot gold is trading down $-16.61 or -0.90% at $1826.26 spot silver is down $0.03 or -0.11% at $26.99 WTI crude oil futures are trading down $0.69 or -1.18% of $57.99 Bitcoin moved to a new record today at $48,690. The low
PARIS: The International Energy Agency warned Thursday the world oil market remains fragile, despite a recent recovery in prices, as tighter restrictions are imposed to curb more contagious coronavirus variants. At the same time, the IEA said the economic outlook was brighter overall, especially in the second half of this year. “The rebalancing of the
Dollar is back in selloff mode in early US session after slightly worse than expected jobless claims numbers. Though, at the time of writing, Yen underperforms mildly. On the other hand, buying focus is back on commodity currencies today. Australian Dollar is leading others higher. European majors are generally mixed. European indices are mixed for
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NEW DELHI: Gold and silver futures prices declined on Thursday tracking international prices as a weaker than expected rise in inflation put pressure on prices. Improving economic conditions also led to diversion of funds. US consumer prices rose moderately in January as higher gasoline prices were blunted by a slump in airline fares amid a
The forex markets are rather quite in Asia today, following subdued trading elsewhere. Dollar’s decline is slowing but it remains the worst performing major currency so far, followed by commodity currencies. Sterling and Yen are the stronger ones this week, as both are supported by rallies in respective treasury yields. Though, Swiss Franc is surprisingly
Forex news for North American trading on February 10, 2021. In other markerts: spot gold is trading up $4.29 or 0.23% at $1842.61 spot silver is down $0.25 or -0.91% $27.01 WTI crude oil futures are down $0.01 or 0.02% of $58.35 Bitcoin is trading down $2400 or -5.1% at $44,900. Today, the main events
NEW YORK: Oil rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand. US crude inventories fell unexpectedly in the week, dropping 6.6 million barrels according to the Energy Information Administration, compared with
Dollar’s selloff continues in early US session and it’s extending after weaker than expected core CPI reading. Sterling is lifted by strength in UK yield today, with 10-year Gilt yield hitting as high as 0.494 so far. It could try to take on a pre-pandemic floor of around 0.50%. Currency markets are relatively mixed elsewhere,
The dollar pushes higher after earlier declines EUR/USD has given up most of its advance and falls to 1.2114 from 1.2144 earlier while we are seeing USD/JPY hold a slight bounce from its 100-day moving average near 104.40 to post a session high of 104.75 currently. Elsewhere, the antipodeans are also tracking lower against the