Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade. Silver prices also declined Rs 532 to Rs 62,639 per kilogram
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Dollar and Euro are both trading mildly lower in a relatively subdued, consolidative markets today. Yen and Kiwi are, on the other the stronger ones. There is no clear sing of range breakout yet. Pfizer provided another piece of upbeat news on coronavirus vaccines. The final results from late-stage trial has completed with 95% effectiveness.
Another 305 deaths reported, the deadliest day since 16 April The good news is that the pace of increase in the case count has sort of “plateaued” but active cases across the country aren’t really coming down all too much. There are still more than ~272,000 active cases in Germany despite a drop of 800
Gold prices on Tuesday rose by Rs 11 to Rs 50,841 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 11, or 0.02 per cent, at Rs 50,841 per 10 gram in a business turnover
As suggested in the CFTC Commitments of Traders report in the week ended November 10, USD Index futures drifted to NET SHORT of 1 128 contracts. Speculative long positions increased +1 177 contracts and short positions gained +3 046 contracts. Concerning European currencies, NET LENGTH in EUR futures fell -5 062 contracts to 135 287.
We will have to wait for the OPEC+ meeting OPEC+ to make final decision at Nov 30-Dec 1 meeting That will be an intriguing meeting. WTI has pared much of its losses and is down a few cents to $41.25. It’s a question of 3 months or 6 months though headlines today suggested the UAE
Gold prices rose marginally by Rs 3 to Rs 50,114 per 10 gram in the national capital on Tuesday amid choppy trade and rupee depreciation, according to HDFC Securities. The precious metal had closed at Rs 50,111 per 10 gram in the previous trade. Silver prices jumped Rs 451 to Rs 62,023 per kilogram from
Global stock markets are paring some of yesterday’s strong gain, together with slight pull back in oil price. The development translates into mild weakness in commodity currencies. Yet Dollar is not gaining much for now, as it’s overshadowed by the rally in European majors and Yen. But for now, the greenback is still holding above
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Oil prices jumped more than 4% on Monday, recouping the previous session’s losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brent crude futures for January were up $1.79, or 4.2%, to $44.57 a barrel by 1420 GMT, while U.S. West Texas Intermediate crude for December was up $1.84, or
Global investor sentiments are boosted by more good news on coronavirus vaccines. Moderna said it’s vaccine was 94.5% effective in preventing COVID-19, based on interim data from a late stage trial. Major European indices are trading up while DOW future is gaining over 450 pts. In the background, solid data from China and Japan released
And that is likely to emerge as the key trading theme this week As we get into the start of trading this week, you can just about use the contrasting narratives that are playing out to describe how the market is behaving. When the market switches to risk-on, it is all about vaccine optimism and
Industrial metals rose on Monday, with copper prices hitting 29-month highs and aluminium scaling a fresh 20-month peak, on optimism around demand in top metals consumer China. Three-month copper on the London Metal Exchange jumped 2.6% to $7,161.50 a tonne by 0708 GMT, after touching $7,179 earlier in the session, its highest since June 14,
Dollar, Yen and Swiss Franc are trading generally lower as the week starts with solid risk-on mode. In particular, Nikkei is up more than 2% after release on stronger than expected GDP data. A batch of solid Chinese data also provides support to overall sentiments. New Zealand and Australian Dollar are currently the best performing
Rightmove house prices for November -0.5% m/m and +6.3% y/y GBP, AUD, NZD are notable risers in early Monday Asia trade – getting some impetus from rising US equity index futures to begin the week. IN Japan the Nikkei has hit its highest since June 1991. Some encouraging news on trade over the weekend is
By Grant Smith, Salma El Wardany and Javier Blas Oil markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can’t celebrate. Crude prices have rallied to a 10-week high on hopes that Pfizer Inc. and BioNTech SE’s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel
Trump says he will speak in 15 minutes Trump says he will speak in the Rose Garden in about 15 minutes. These are his first public comments in a week and they will be on Operation Warp Speed. There’s pressure on Trump to allow Biden’s team into briefings in order to preserve continuity. For bank
NEW DELHI: Gold imports, which have a bearing on the current account deficit, declined 47.42% to $ 9.28 billion during April-October due to fall in demand in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow metal stood at $ 17.64 billion in the corresponding period of