NEW DELHI: Gold prices jumped Rs 1,182 to Rs 54,856 per 10 gram on Tuesday in the national capital following rally in international prices of the yellow metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 53,674 per 10 gram. Silver was also in heavy demand as it zoomed Rs
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Dollar’s selloff accelerates entering into US session, taking out recent lows against all major currencies except Yen. Another leg in the near term down trend has started. Swiss Franc and Yen are the next weakest, together with New Zealand dollar. On the other hand, Sterling and Euro are both riding on the wave and strengthen
Last week another part of Australia, the Northern Territory, said its borders would be closed for at least 18 months The state Premier, Peter Gutwein, said restrictions would stay in place until at least December “to allow sufficient time for the COVID-19 situation in Victoria and the threat posed to other states to be clearly
TOKYO: Oil prices edged lower on Tuesday, mostly holding onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic. Brent crude was down 6 cents, or 0.1%, at $45.31 a barrel by 0027 GMT,
Yen’s rebound continues in relatively quiet trading in Asia. Risk aversion is not apparent as major indices outside of Japan are all in slight black. Instead, Yen traders could be reversing recent shorts as treasury yields pull back. Staying in the currency markets, New Zealand Dollar remains the worst performing one, followed by Dollar. The
New York gyms can open next week Arizona reports 0 deaths Some good news from the Covid front today: Gov. Cuomo in New York said that gyms can open on August 24 with 33% capacity, masks Arizona reported 0 deaths yesterday and only 468 new cases. The ICU utilization remained at 80% In New York, hospitalizations
NEW DELHI: Gold prices rose by Rs 340 to Rs 53,611 per 10 gram in the national capital on Monday, in line with firm international trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 53,271 per 10 gram. Silver also witnessed increased buying and gained Rs 1,306 to
Yen rises broadly today as global treasury yields appear to be turning south. In particular, US 10-year yield is back below 0.7 handle in pre-markets. Dollar is pressured but holds on to recently established range. But overall markets are mixed with major European indices bounded in tight range. Australian and New Zealand Dollar continue to
Financial Times report on the EU warning the City of London it may have to wait beyond the end of this year to know whether it will secure access rights to the whole of the bloc’s market Valdis Dombrovskis, a executive vice-president of the European Commission said that Brussels would not be ready in the
SINGAPORE: Oil prices climbed higher on Monday, lifted by China’s plans to ship in large volumes of U.S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent crude rose 21 cents, or 0.5%, to $45.01 a barrel by 0023 GMT while
As suggested in the CFTC Commitments of Traders report in the week ended August 11, NET SHORT for USD Index futures rose +1 707 to 8 182 contracts. Speculative long positions dropped -2 152 contracts and short positions were down -445 contracts. Fed’s ultra monetary easing has sent yields to exceptionally low levels. For instance,
13F filings from Berkshire Hathaway The latest 2nd quarter 13F filings from Berkshire Hathaway show: reduced J.P. Morgan stake by 62%. Exited Goldman Sachs position Southwest air United Airlines Delta Air Lines American Airlines Restaurant Brands International Occidental Petroleum Other swings in positions show increased stakes in: Store Capital Corp. Kroger Suncor energy Reduces positions
New Delhi: India’s gold imports, which have a bearing on the current account deficit (CAD), plunged 81.22 per cent to $2.47 billion (about Rs 18,590 crore) during April-July period of 2020-21 due to a significant fall in demand in the wake of COVID-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow
According to the CFTC Commitments of Traders report for the week ended August 11, NET LENGTH for crude oil futures plunged -15 331 contracts to 520 935 for the week. Speculative long position declined -10 925 contracts, while shorts added +4 406. For refined oil products, NET LENGTH for gasoline increased +5 022 contracts to
Some late-Friday news which speaks to US-China relations. If you’ve been following along US-China relations continue to deteriorate, the latest being talks between the two countries on trade scheduled to take place this weekend were … ‘delayed’: Back to TikTok. Trump’s previous executive order set out to prohibit any US people or firms from doing
By Thomas John MuthootGold prices have been rising since the past few weeks after crossing all-time high of $1920 per oz, and then made a further quick $100 jump after crossing the psychologically important $2,000 level. All this was on account of major uncertainties – Covid-related economic woes, stimulus announcements by US and western countries
The latest set of macroeconomic data suggests that the pace of recovery in China remained slow, as a result of flooding and second wave of coronavirus outbreak. Improvement industrial activities decelerated, while retail sales continued to shrink. Weak domestic spending was evident in subdued core CPI released earlier this week. The government should maintain an
Buffett bought a stake in miner Barrick Gold Warren Buffett has famously disparaged gold but evidently he’s had a change of heart. According to a Q2 13F filed today, The Oracle of Omaha added 20.9 million shares of Barrick Gold, which is the world’s second largest gold miner. He paid $563.5 million for the stake,