MUMBAI/BENGALURU: Physical gold sold at a premium in India this week for the first time this year, driven by plunging imports and a near halt in smuggling that offset the impact of high unemployment and a rise in domestic prices across Asia that could deter buyers. India’s gold imports dived 86% year-on-year in June because
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According to the CFTC Commitments of Traders report for the week ended July 7, NET LENGTH for crude oil futures plunged -17 850 contracts to 686 543 for the week. Speculative long positions fell -17 850 contracts while shorts dropped -9 341 contracts. For refined oil products, NET LENGTH for gasoline declined -5 891 contracts
Weekly FX speculative positioning data from the CFTC: EUR long 104K vs 98K long last week GBP short 16K vs 21K short last week JPY long 17K vs 24K long last week CHF long 4K vs 4K long last week AUD short 1k vs 3K short last week NZD short 0K vs 0K short last week
NEW YORK: Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data showed US energy firms cut the number of oil
As suggested in the CFTC Commitments of Traders report in the week ended July 7, NET SHORT for USD Index futures slipped -36 to 4 939 contracts. Speculative long positions increased +2 324 contracts and short positions gained +2 288 contracts. Bets increased on both sides. Yet, traders were yet to form a consensus on
Forex news for North American trade on July 10, 2020: Markets: Gold down $4 to $1799 WTI crude up 86-cents to $40.49 US 10-year yields up 2 bps to 0.6348% S&P 500 up 33 points to 3184 JPY leads, AUD lags The tone was negative overall and with a US dollar bid heading into New
LONDON: Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was up by 1 cent, or 0.02%, at $42.36 a barrel by 1338 GMT, and U.S. oil
The financial markets are still refusing to commit to a direction. Major European stocks are generally higher despite broad selloff in Asia. US futures point to lower open while 10-year yield is doing its best to hold on to 0.6% handle. Swiss Franc is currently the worst performing one for today, followed by Aussie and