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Gold price declined Rs 225 to Rs 60,075 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 grams. Silver also went lower by Rs 380 to Rs 75,600 per

Forex traders are probably starting to put up guards ahead of the key events in FOMC rate tomorrow, ECB on Thursday, and NFP on Friday. Australian Dollar remains the top performer today, bolstered by RBA’s unexpected rate hike. However, there is no follow through buying after the initial spike. Meanwhile, Yen is attempting a recovery,

It appears as though the clock ran out on First Republic Bank. Reuters, citing sources, reports that the US Federal Deposit Insurance Corporation is preparing to place the struggling bank under receivership “imminently”. It’s no surprise as reports on Friday suggested that time was running out and that no private sector-led rescue was coming. Various

New Delhi, Apr 28 (PTI) Gold price declined Rs 420 to Rs 59,980 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. The precious metal had settled at Rs 60,400 per 10 grams in the previous trade. Silver also tumbled Rs 570 to Rs 74,600 per kg.

Dollar is facing renewed pressure against European majors in early US trading sessions due to faster-than-expected declines in headline inflation. However, it continues to hold strong against Japanese Yen, which remains the worst performer for both the day and the week. Yen is continuing the post-BoJ selloff, with no signs of stopping as of yet.

The report comes via a Bloomberg piece (gated) , in brief: Xinxiang Tuoxin Pharmaceutical Co. jumped as much as 20% in Shenzhen, while Hybio Pharmaceutical Co. rallied 15%. The gains bucked a decline in the broader market as risk sentiment subsided, with the CSI 300 benchmark falling 1.6%. The rally was driven by concerns circulating

Gold prices declined Rs 345 to Rs 60,065 per 10 grams in the national capital on Monday amid a fall in the precious metal prices overseas, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,410 per 10 grams. Silver also plunged Rs 675 to Rs 74,400 per kg.

Japanese Yen suffers broad sell-off today, following comments from BoJ Governor Kazuo Ueda that seem to have quashed hopes of even a minor shift in monetary policy this week. Meanwhile, overall market sentiment remains steady, with Australian and Canadian Dollars also facing selling pressure. On the other hand, European majors are showing strength for the

Japanese inflation data for March 2023 Headline CPI 3.2% y/y expected 3.2%, prior was 3.3% CPI excluding Fresh Food 3.1% y/y expected 3.1%, prior was 3.1% CPI excluding Food, Energy 3.8% y/y (this measure of Japanese inflation is closest to the US ‘core’ CPI) expected 3.4%, prior was 3.5% this is the 12th consecutive rise

Gold has been one of the top-performing asset classes in terms of returns over the past year. The returns from the yellow metal from the last Akshaya Tritiya (May 3, 2022) are around 20% and is likely to maintain momentum for the next 12 months. Investors can consider buying gold and related instruments not just

Swiss Franc is currently the strongest performer for the day, showing a notable gain the Euro. Japanese Yen and Australian Dollar follow closely, indicating that the market moves are not predominantly driven by risk aversion. In contrast, New Zealand Dollar is the weakest, as lower-than-expected inflation data increases hopes that RBNZ is nearing a pause

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Spot gold closed with a loss of 0.20% on the week as the yellow metal closed at $2004.26. The US Dollar Index at 101.58 was nearly 0.45% lower, while US ten-year yields closed around 3.10% higher at 3.515%. The yellow metal tumbled 1.74% Friday. The University of Michigan’s one-year consumer inflation expectations served as a

Dollar fell to its lowest level of the year and breached a critical support, after being under pressure for most of the week. Yet, it staged a recovery towards the end, closing mixed only. Decelerating US inflation data was welcomed by risk market investors, but a lower terminal rate may not necessarily lead to an

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

NEW DELHI: Gold and silver futures started Wednesday’s session on a strong note ahead of key inflation data from India and the US and Federal Reserve policy minutes. The June gold futures rose Rs 260 or 0.43% per 10 grams to Rs 60,765 while May Silver futures were trading at Rs 75,677 per kg, up

The overall set of US consumer inflation reports appears to have been well received by investors. DOW futures jumped over 200 points following the release and maintained most of the gains before open, while treasury yields tumbled at both short and long ends. Although Fed is still on track to deliver another rate hike in

US regional banks will have a challenging start to the new week after struggling First Republic announced late on Friday that it was suspending dividend payments on preferred shares. The company said it was “as a measure of prudent oversight” but cutting the prefs is a desperation move. It was fear of Citigroup cutting its