Gold in the national capital on Thursday fell by Rs 241 to Rs 50,671 per 10 grams, reflecting a decline in international precious metal prices, according to Securities. In the previous trade, the precious metal settled at Rs 50,912 per 10 grams. Silver, however, grows Rs 87 to Rs 61,384 per kg from Rs 61,297
The Australian dollar extends its weekly rally to two straight weeks, up 1.68%. The AUD/USD rises on positive Australian and US economic data as recession fears wane and expectations for a non-aggressive US Fed. Next week, the US economic docket will be busy and will feature releases of ISM PMIs, Fed speakers, and employment data
NZDUSD breaks higher today The RBNZ raise rates by 50 basis points on Wednesday. On that day, the NZDUSD moved higher extending above the high from Monday’s trade in the process on its way to 0.65135. However buyers turned back to sellers, the price moved back below a swing area between 0.64908 and 0.6499, and
Info comes via Reuters: Russia’s National Settlement Depository (NSD) on Friday successfully paid coupons in foreign currency on two Eurobonds, an NSD representative told Reuters, a move that could mean Russia may have again averted a default. There is more USD debt payments due in June. Russia continues to scramble to cover. ADVERTISEMENT – CONTINUE
Gold traded in a narrow range this week as market players assessed if the recent rise in price is likely to continue or not. Gold tested a 2-week high of near $1870/oz level but ended the week with a marginal 0.5% gain near $1850/oz. Gold benefitted from weakness in the US dollar, lower bond yields,
In this article BBY Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyle changes related to the ongoing pandemic. Scott Olson | Getty Images Best Buy shares rose early Tuesday, as
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil
The shared currency is about to finish the week with 1.66%. US Core PCE rose by 4.9% YoY, lower than March’s 5.1% reading; will the Fed diminish the speed of rate hikes? EUR/USD Price Forecast: Its long-term bias remains bearish, but a rally towards 1.0800 in the near term is on the cards. The EUR/USD
USDCHF stalled near a swing area from back in April The USDCHF moved sharply lower on Monday and lower again on Tuesday. Wednesday and Thursday saw choppy action but stayed above the Tuesday low. Today, the price action has been up and down, but the price of the USDCHF did extend to a new week
Justin had the main point of the defaulted debt juggling posted on Friday: Reuters have posted more detail, makes for interesting reading on how Evergrande tries to sort out $22.7bn of offshore debt deemed to be in default after missing payment obligations late last year. As part of the proposal, Evergrande is looking to repay
Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on signs of tight global supply. Meanwhile, a top Hungarian aide said the country needs 3-1/2 to 4 years to shift away from Russian crude and make huge investments to adjust its
Dollar’s correction continued last week and ended as the worst performer. Late rebound in stocks and extended correction in treasury yields are both weighing on the greenback. Yen followed as the second weakest, mainly on risk-on sentiment. On the other hand, Kiwi was the best performer, additionally lifted by hawkish RBNZ rate hike, which indicated
In this article SNOW CEO of Snowflake Frank Slootman arrives at the Allen & Company Sun Valley Conference on July 6, 2021, in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snowflake shares fell as much as 16% in extended trading on Wednesday after the data analytics software maker disappointed analysts by saying it doesn’t
US dollar continues to pullback across the board. Yen loses momentum in the market amid risk appetite. USD/JPY fails to benefit from the rally in Wall Street. The USD/JPY is about to end the week trading around 127.00. The pair bottomed on Tuesday at 126.35, the lowest level in five weeks and then rebounded finding
The major US indices are trading to new session highs. The gains are led by the NASDAQ index which is up by 2.72%. Technically, both the Dow Jones and S&P index have moved above their respective 200 hour moving averages. S&P index is above its 200 hour moving average Looking at the S&P hourly chart
Via Singapore’s Straits Times: China’s financial hub, Shanghai, reported another Covid-19 infection outside quarantine Shanghai logged a total of 170 infections for Friday (May 27), one of which was found in the community Shanghai has been taking tentative steps towards some reopening, based on no cases being found outside quarantine. Cases found outside quarantine pose
Gold was little changed on Friday, but the metal was on track for a second weekly gain following a retreat in the U.S. dollar from 20-year highs. FUNDAMENTALS * Spot gold held its ground at $1,848.59 per ounce, as of 0102 GMT. U.S. gold futures were little changed at $1,846.70. For the week so far,