New Delhi: Gold in the national capital went down by Rs 194 to Rs 50,449 per 10 grams on Monday amid weak global prices of the precious metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 50,643 per 10 gram. Silver also declined Rs 933 to Rs 59,274 per kilogram
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Sterling rises broadly today after BoE Deputy Governor indicated that negative interest rate is not imminent. Rebound in the Pound somewhat lifts other European majors too. Australian Dollar is following as the second strongest for now, with help from rebound in stocks. Dollar is trading broadly lower, paring last week’s gain while Canadian follows as
New Delhi: Cottonseed oil cake prices on Monday traded flat at Rs 1,808 per quintal in futures trade. On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded at Rs 1,808 per quintal with an open interest of 19,850 lots. However, cottonseed oil cake for January delivery fell by Rs 10,
Crude oil prices have declined for 3 out of the past 4 weeks. the most recent weakness has been driven by concerns over the demand outlook as a third wave of coronavirus outbreak has hit Europe. This is also a reason for the narrowing in WTI-Brent spread although the impacts of US hurricanes have been
So reports the Times on COVID-19 developments in the UK. Lockdown in response to the accelerating (still) numbers of new covid cases preparing to enforce a total social lockdown across much of northern Britain and potentially London all pubs, restaurants and bars would be ordered to shut for two weeks initially Households would also be
By Julian Lee Oil producers could be set for another showdown before the end of the year, with heavyweights Saudi Arabia and Russia holding different views on how to approach the halting recovery in oil demand. Renewed restrictions on travel and social gatherings across Europe, along with the tapering of state support packages for companies,
As widely anticipated, SNB left the policy rate unchanged at -0.75%. It reiterated the view that Swiss franc remained “highly valued” and the commitment to intervene in the FX market. The central bank will publish data on money and foreign exchange market operations on a quarterly basis, compared with annually in the past. SNB revised
It’s non-farm payrolls week It’s been a September to remember with some good volatility throughout financial markets. Next week we will turn the calendar to October and that means we’ll get the September jobs report. Monday: Dallas Fed Tuesday: Advance goods trade balance Wholesale inventories Case-Shiller house price index Conference Board consumer confidence Wednesday: ADP
MOSCOW: Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022, data from the economy ministry published on Saturday showed. Russia, which the ministry expects to produce 507.4 million tonnes of oil this year, is seen increasing its production over the next three years
Losing more than -4%, the Comex Gold futures marked its worst week since March amidst US dollar’s rebound. The yellow metal’s outlook remains bearish in the near-term after the downward breakout after consolation. We expect NET LENGTH to shrink further in the coming week. Crude oil futures recorded increase in NET LENGTH. Yet, bets fell
Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement. induced immune responses in most people who received the shot displayed an acceptable safety profile Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not
NEW DELHI: Bullion refiner MMTC-PAMP on Saturday launched a buy-back and exchange offer for gold in the national capital in a move to help the pandemic-affected people offset their economic hardships. For a nominal transaction fee, sellers can receive the maximum value of gold as a direct bank transfer or in the form of a
Dollar and Yen ended as the strongest ones last week as global stock markets tumble. There were concerns over resurgence in coronavirus infections in Europe, with worries over a return to lockdown. Though, the US markets ended not too badly after Friday’s rebound. It’s still not clear if the overall trend in risks has reversed.
Fitch on the UK rating From Fitch, who lowered the UK to AA- in March. The UK’s ratings balance a high income, diversified and advanced economy against high and rising public sector indebtedness. Sterling’s reserve currency status, deep capital market and strong governance indicators support the ratings. The very long average maturity of public debt
By Brijesh Patel and Rajendra Jadhav BENGALURU/MUMBAI: Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return in the precious metal. Indian dealers offered discounts of up to $5 an ounce
As suggested in the CFTC Commitments of Traders report in the week ended September 22, NET SHORT for USD Index futures increased -906 to 9 146 contracts. Speculative long positions dropped -1 424 contracts and short positions slipped -518 contracts. NET SHORT will likely shrink in the coming week amidst strong USD rebound. Concerning European
Forex news for North American trade on September 25, 2020: Markets: Gold down $6 to $1861 US 10-year yields down 1.3 bps to 0.65% S&P 500 up 52 points to 3298 WTI crude down 21-cents to $40.10 USD leads, EUR lags We came into the day on a delicate footing and with stock futures lower.
New Delhi: Coriander prices on Friday rose Rs 46 to Rs 6,582 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market. On the National Commodity and Derivatives Exchange, coriander for October delivery gained Rs 46, or 0.7 per cent, to Rs 6,582 per quintal with an open interest