NEW DELHI: Gold in the national capital declined by Rs 147 to Rs 44,081 per 10 gram on Friday amid rupee appreciation and overnight selling in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,228 per 10 gram. In contrast, silver rose by Rs
News
Overall risk sentiments continue to drive the forex markets. Yen, Swiss Franc and Dollar softer following rebound in US and Asian stocks. On the other hand, Australian Dollar is leading commodity currencies and Sterling higher. Still, for the weak, Dollar and Yen remain the biggest gainers while Aussie and Kiwi are the weakest. But the
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
Gold gained on Thursday as lower US Treasury yields boosted the appeal of the non-yielding metal and eclipsed pressure from a strengthening dollar. Spot gold rose 0.3% to $1,739.60 per ounce by 10:22 A.M EDT (1422 GMT). US gold futures were up 0.3% at $1,739.30 per ounce. US benchmark Treasury yields continued their dip, translating
Sterling trades mildly higher in rather quiet market today while Euro and Yen turn softer. Dollar is attempting to extend this week’s rally after better than expected jobless claim data. But no follow through buying is seen in the greenback yet. Swiss Franc’s selloff slowed mildly after SNB upgraded inflation forecasts. But then recovery is
Bild reports on the matter, citing government sources As the virus situation looks to be worsening in Germany, the government is reportedly going to take stricter measures against travelers looking to enter the country. The report says that Germany is to require a negative coronavirus test pre-departure from all incoming flight passengers, even from non-risk
NEW DELHI: Gold and silver futures traded flat on Thursday as support from easing US Treasury yields was offset by a strong dollar, which emerged as a preferred safe-haven amid growing concerns about extended lockdowns in Europe. US Treasury yields dipped after the Treasury saw average demand for an auction of five-year notes, with the
Markets are generally steady in Asian session today, with mild recovery seen in Nikkei. Though, movements in other markets are rather subdued. Commodity currencies recover in general while Yen, Swiss Franc and Dollar are the weaker ones. However, for the week, Dollar and Yen remain the strongest one while New Zealand and Australian Dollar are
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
A 3 percent drop in gold prices beginning March has spurred demand for the yellow metal in the physical and paper form. Wealth managers said that clients looking at gold as a long-term investment with regular interest earning are buying sovereign gold bonds (SGBs) from the secondary market at the current rate, which is below
Asian markets closed in deep red earlier today while European stocks dived in initial trading. Yet, the markets were saved by much stronger than expected PMI data out of Eurozone and UK. Overall sentiments recovered notably, with US futures pointing to a rebound at open. In the currency markets, Canadian Dollar, Dollar and Aussie are
Latest data released by Markit/CIPS – 24 march 2021 Prior 49.5 Manufacturing PMI 57.9 vs 55.0 expected Prior 55.1 Composite PMI 56.6 vs 51.4 expected Prior 49.6 That is a solid beat and adds to the optimism surrounding the rebound in the UK economy once restrictions are eased later on in the year. Business activity
NEW DELHI: Gold and silver futures gained on Wednesday as US Treasury yields held close to one-week low, with bullion shrugging off strength in the dollar following Federal Reserve Chairman Jerome Powell’s reassurance that inflation would not spiral out of control. Treasury yields slipped to the lowest since March 16, while the dollar jumped above
Crude oil prices have extended the selloff for a third consecutive week. While the demand/supply fundamentals have changed little, the major reason for the decline is the broadly-based risk aversion driven by rising yields. International Energy Agency (IEA)’s report refuting prospect of a commodity supercycle has also triggered the profit-taking selloff. Rising Yield Environment Hurts
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
Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of testimony from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen. Spot gold fell 0.7% to $1,727.46 per ounce by 11:31 A.M EDT (1531 GMT). U.S. gold futures fell 0.7% to $1,725.90 per ounce. “We
Yen buying accelerates today as selloff in commodity currencies intensified. New Zealand Dollar is trading as the worst, by some distance, followed by Aussie. Canadian Dollar is dragged down by decline in oil prices, while Sterling is also pressured after poor job data. On the other hand, Dollar is following Yen as the second strongest,
Japan announces no change after the February downgrade The government maintained that overall conditions are improving from a severely low base but there are areas in which the economy is still showing relative weakness – consumer spending – weak after the state of emergency. There was a downgrade to the view on exports but upgrades