News

NEW DELHI: Gold prices were mildly higher in Indian market on Friday, tracking flat trends in other Asian peers. The precious metal was headed for a second consecutive weekly decline. Gold futures on MCX were up 0.19 per cent, or Rs 87, at Rs 46,450 per 10 gram. Silver futures gained 0.31 per cent, or

Trading in the Asian markets is relatively subdued again. Asian stocks are mixed even though DOW and S&P 500 rose to new record highs overnight. Dollar continues to fail to find a committed direction. While the greenback remains firm against Euro, Swiss Franc and Yen, it clearly lacks upside momentum against commodity currencies. With a

All inbound and outbound container services at the Meishan terminal in the Ningbo-Zhousan port, third busiest in the world, were halted yesterday until further notice  The port is the second-busiest in China and, as already said, 3rd in the world. A few folks might be incredulous that one case can shut down a section of

Mumbai: The National Commodity and Derivatives Exchange on Thursday said its average daily turnover value (ADTV) surged by more than two-folds to Rs 2,151 crore in July compared to the same month of the previous year. The agri-commodity exchange’s ADTV stood at Rs 785 crore during July 2020, NCDEX said in a statement. Similarly, NCDEX

Dollar is trying to regain some ground in early US session after stronger than expected PPI. Both initial and continuing jobless claims also continued to trend lower. The greenback is followed by Euro and Yen while Aussie and Kiwi are softest. Though, major pairs and crosses are staying inside yesterday’s range for now. As for

10-year Treasury yields seen at 1.35% in European trading today Treasury yields dipped after the US CPI data yesterday, with 10-year yields falling to a low near 1.30% before bouncing back slightly and is recovering further to 1.35% today. Inflation fears cooled after the report yesterday as the details also reveal a lot of messy

NEW DELHI: After a steep fall, gold prices were little changed on Thursday. The yellow metal held steady, trading mildy lower after an overnight gain. Gold futures on MCX were down 0.14 per cent, or Rs 67, at Rs 46,321 per 10 gram. Silver futures shed 0.34 per cent, or Rs 216 lower, at Rs

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slipped -0.14 mmb to 1267.52 mmb in the week ended August 6. Crude oil inventory resumed decline, falling-0.45 mmb (consensus: -1.27 mmb) to 438.78 mmb. Stockpile decreased in PADD 1, 2, and 3. Cushing stock

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 of your initial investment; do

New Delhi: Gold in the national capital on Wednesday jumped Rs 159 to Rs 45,130 per 10 gram amid firm global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,971 per 10 gram. Silver also gained Rs 99 to Rs 61,250 per kilogram from Rs 61,151 per

Dollar drops notably in early US session after consumer inflation data. Headline CPI was steady while core CPI slowed a little. At least, inflation hasn’t been worsening from Fed’s “transitory rhetoric”. US stock futures also jump, probably on reduced concerns over monetary tightening. New Zealand and Australian Dollars are currently the strongest, followed by Swiss

Latest data from the Mortgage Bankers Association for the week ending 6 August 2021 Market index 754.8 vs 734.3 prior Purchase index 252.0 vs 247.5 prior Refinancing index 3,684.3 vs 3,571.3 prior 30-year mortgage rate 2.99% vs 2.97% prior A slight bump in mortgage activity after the drop in the previous week, with both purchases

NEW DELHI: Guar gum prices on Wednesday fell Rs 13 to Rs 7,529 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for August delivery fell by Rs 13, or 0.17 per cent, to Rs 7,529

Dollar’s rally continues in Asian session today, in particular against Euro, Swiss Franc and Yen. Though, cautious comments from Fed Evans is not giving any particular boost elsewhere. Commodity currencies are still resilient, as supported by overall optimistic sentiment, with DOW closing at new record high. Main focus will now turn to US consumer inflation

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 of your initial investment; do

The decline in gold prices in recent weeks was due to a combination of factors ranging from increasing cases of Covid-19, Delta variant cases, a dovish tone by US Fed on tapering, lower bond yields in the US and good non-farm payrolls data. Rising coronavirus cases across the United States and other countries fuelled fears

Gold trading is slim after Monday’s sharp selloff. Despite concerns over the delta variant, the precious metals lost their safe haven appeal as speculations over Fed’s early tapering escalated after the strong nonfarm payolls data. The front-month Comex gold contract slumped to a 4-month low of 1677.9 before settling at 1726.5 on Monday. The yellow

WTI crude oil moves up by a little over 2% to $68 in European morning trade The rebound in oil continues to take shape amid as buyers seek to build on a bounce of the support from the July lows in overnight trading. The 100-hour moving average @ $68.20 will be the next near-term resistance