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NEW DELHI: Gold prices held steady on Friday, after a sharp fall in the previous session. A firmer dollar dented the metal’s appeal as investors await a key US Federal Reserve meeting for clues on the central bank’s taper plan. Gold futures on MCX were marginally down 0.06 per cent, or Rs 26, at Rs

Global Times’ editor-in-chief, Hu Xijin, delivers a warning The Global Times is a sounding board for Chinese authorities and one of the key figures in delivering key messages is via its editor-in-chief, Hu Xijin, who said on his WeChat account that Evergrande should turn to the market for any salvation, not the government. Adding that

Dollar jumps sharply in after data shows strong rise in retail sales, versus expectation of a decline. The data also raises optimism that it’s just the start of resurgence in consumer demand, as the world is exiting the pandemic with fast vaccinations. Canadian Dollar is following closely as the second strongest for the day. On

Light slate of data coming Today’s US retail sales report was the last top-tier data point ahead of the FOMC decision next Wednesday. That will leave markets drifting around until there’s some clarity. Tomorrow, we get the UMich consumer sentiment report. This data point along with consumer confidence weighed on markets in August but today’s

New Delhi: Gold in the national capital on Thursday plunged Rs 491 to Rs 45,735 per 10 gram amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,226 per 10 grams. Silver also tumbled Rs 724 to Rs

Yen is trading generally firm today as risk sentiment in Asia is decoupling from that of the US. Nikkei is so far rather resiliently holding above 30k handle, despite slight retreat. But Hong Kong HSI is having another day of heavy selling, breaking to a new low for the year. The fact that Swiss Franc

Daily thread to exchange ideas and to share your thoughts Another lackadaisical day beckons in Europe with the market still looking rather indecisive this week for the most part. The dollar was sluggish yesterday while equities gained, with 10-year Treasury yields also inching up a little back to 1.30%. Put together, that isn’t really sending any clear

NEW DELHI: Gold prices traded steady on Thursday as investors await signals on Federal Reserve’s timeline for tapering pandemic-era stimulus measures after softer than expected US inflation data. Gold futures on MCX were marginally down 0.04 per cent, or Rs 18, at Rs 46,878 per 10 gram. On the other hand, silver futures gained 0.28

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -8.78 mmb to 1234.64 mmb in the week ended September 10. Crude oil inventory sank -6.42 mmb (consensus: -3.54 mmb) to 417.45 mmb. Stockpile fell in 4 out of 5 PADDs. PADD 3 (Gulf

Retail sales expected to be lower for the second consecutive month Tomorrow at 8:30 AM, the US retail sales for the month of August will be released the expectations are for a -0.8% decline. This comes after a -1.1% decline in July. The expectations for July was for a -0.2%. The June retail sales rose

Metals are a key barometer of any country’s economic growth and countries have taken many measures to facilitate the growth and efficiency of metal markets. While trading volume of commodity derivatives has grown at a rapid pace in India, liquidity has remained largely limited to the near-month contracts. The low volume of the long-term contracts

The latest set of economic data reveals that China’s slowdown worsened. The most disappointing reading comes from retail sales growth which moderated to +2.5% y/y in August, compared with consensus of +7.1% and July’s +8.5%. The slowest growth in 12 months can be attributed to delta variant outbreak and the aftermath of July’s huge flood.

Quieter tones as the session gets underway Eurostoxx +0.1% Germany DAX +0.1% France CAC 40 +0.1% UK FTSE flat Spain IBEX -0.1% Italy FTSE MIB +0.1% Not much there to really get excited about with US futures also just up slightly around 0.1% to 0.2%, following the losses sustained yesterday. The overall market mood looks

NEW DELHI: Gold prices inched lower, little changed, on Wednesday after a tamer-than-expected rise in US inflation led to uncertainty on when the US central bank would begin tapering its asset purchases. Gold futures on MCX were marginally down 0.10 per cent, or Rs 47, at Rs 47,213 per 10 gram. Silver futures declined 0.29

Dollar drops broadly after data shows declining headline consumer inflation in the US, and even quicker fall in core CPI. It’s adding to the Fed’s case that prior surge in inflation was just transitory. DOW futures responde rather positively to the news. Strengthening risk appetite could put Yen under some pressure too. Meanwhile, Sterling is

AUD/USD down 46 pips to 0.7320 The mood continues to sour in markets and it’s pulling down the Australian dollar and US equities. The S&P 500 is down 29 points to 4440 after opening 10 points higher. The price action in stocks is concerning. At this point, everyone expects every dip to be bought and

Kolkata: The National Commodity and Derivatives Exchange (NCDEX) has posted 115% rise in the average daily turnover value (ADTV) of Rs 2,444 crore in August 2021 despite restrictions on chana futures, one of its key liquid contracts in the pulses segment, a media release issued by the exchange said. It also added that exchange has

Overall market sentiment is mildly positive with the strong rebound in DOW overnight, followed by slight gain in Nikkei. European majors are having a small edge over the others but Swiss Franc is still clearly lagging behind. Australia Dollar is leading commodity currencies lower for now, after some cautious comments from RBA Governor. Dollar is