Gold on Thursday gained Rs 385 to Rs 49,624 per 10 gram in the national capital, reflecting gains in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,239 per 10 gram. Silver also witnessed buying as it gained Rs 1,102 to Rs 66,954 per
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The DXY index will likely record a -6% fall in 2020, the first decline in 3 years. Although US economic recovery should lend support to the dollar, exceptionally accommodative monetary policy, widening deficit (exacerbated by the new round of fiscal stimulus) and reduced demand for safe-haven asset should keep US dollar weak in the coming
Not much else happening at this point as the UK and EU are still finalising a Brexit trade agreement No change to the narrative besides some last-minute hitch to fisheries, but that will surely be resolved one way or another as the political will is certainly there. Both sides will want to get this out
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Thursday as traders booked profits after softer jobless claims data showed signs of economic improvement. Hopes of a Brexit deal also put pressure on prices. Data on Wednesday showed the number of Americans filing first-time claims for unemployment benefits unexpectedly fell last
Trading remains rather subdued with markets already in holiday mode. Sterling has the potential to explode with wild moves, but we’re so far disappointed by the lack of progress in Brexit trade negotiations. The surge in cases of the coronavirus, with threats of a new strain, also kept risk appetite capped. A bunch of economic
Forex news for North American trading on December 23, 2020 Is it done or not? That is a question for Brexit. Some may say it is also the question for Covid relief and the Defense Authorization Act. Reports on Brexit are that there is an agreement but later there have been reports that the UK government wavered
Silver prices on Wednesday rose by Rs 209 to Rs 67,080 per kg in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for the March delivery gained Rs 209, or 0.31 per cent, to Rs 67,080 per kg in 13,631 lots. Analysts said the
Sterling rises broadly in early US session on rumor that Brexit trade deal is “pretty much there”. But just like recent price actions, upside of the Pound is capped so far, waiting for confirmation. Dollar turns softer after a mixed batch of economic data, while firmer risk sentiment also sends Swiss Franc and Yen lower.
Comments by UK housing secretary, Robert Jenrick We are working through the serious issues There is not yet sufficient progress There is not yet a deal the PM thinks he can sign up to The same old story we’ve been hearing for weeks and months on end, as the clock continues to tick down to
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Wednesday as traders booked profits but the losses were checked by grim macro data and US stimulus. US Congress passed a massive Covid-19 aid and government funding package overnight aimed at bolstering the nation’s battered economy. Data on Tuesday showed US consumer
Gold’s rebound late November has continued for a third week. Besides bargain hunting, Fed’s pledge to keep the policy rate low and strengthening in the forward guidance in QE, as well as the latest fiscal package approved by the Congress are the key driving forces supporting the yellow metal. The US congress has managed to
Irish PM Martin speaks to reporters in Dublin The Irish PM Martin is on the wires saying: Thinks a deal is more likely than a less likely Would like to see a deal before Christmas. Talks may go beyond December 25 Number of ways to deal with fishing issue aside from over percentage share There is little reaction
Gold prices fell Rs 243 to Rs 49,653 per 10 gram in the national capital on Tuesday, reflecting the weakness in global price of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,896 per 10 gram. Silver prices also declined Rs 216 to Rs 67,177
It seems that traders are already on holiday with the subdued market activity today. Sterling softens again on reports that EU rejected UK’s latest proposal on fishing rights. Australia and Zealand Dollars also dip mildly. On the other hand, Swiss France firms up together with Euro, followed by Dollar and Yen. Gold and oil are
Another rough day for Asian equities The risk mood is keeping more on the defensive once again, with Japanese stocks ending the day lower while the Hang Seng is down 1.1% and the Shanghai Composite seen down 1.3% going into the closing stages of the day. S&P 500 futures are also down 0.5% while Nasdaq
NEW DELHI: Gold and silver futures prices in the domestic market climbed on Tuesday as agreement on the US stimulus package lifted the appetite for bullion. A majority of the US House of Representatives voted to move a $900 billion coronavirus aid bill struck by Congressional leaders for a vote on passage on Monday evening.
Sterling’s exceptional volatility continued as traders turned a bit more optimistic on a Brexit trade deal. But upside remains capped, as nothing is done until everything is done. Markets are also mixed elsewhere, with the positive impact of US fiscal stimulus being offset by worries over new strain of coronavirus. Economic calendar continues to be
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