New Delhi: Gold in the national capital on Friday gained Rs 99 to Rs 46,312 per 10 gram amid a recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,213 per 10 gram. Silver, however, dipped marginally by Rs 32 to Rs 61,667
The overall markets continue to tread water in early US session. Two Fed officials expressed their support for tapering, but investors are probably still waiting for Chair Jerome Powell’s Jackson Hole speech to take action. There is also little reaction to stronger than expected PCE inflation data. Commodity currencies are still the strongest ones for
A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Eyeglass brand Warby Parker has lost money or broken even over each of the past three fiscal years — and warned it may face headwinds as it tries to turn a profit as a public company, according to documents filed
Previewing next week’s key macroeconomic data releases from the US, “payrolls probably slowed sharply after a 943k surge in July,” said TD Securities analysts. Key quotes “The pattern reflects less help from the seasonal adjustment process, particularly for the government sector, but underlying momentum appears to have faded as well. That is the signal from
NASDAQ trades to record high before reversing lower The major indices are closing near the lows for the day. Highlights: NASDAQ still on track for its best week in five weeks Dow breaks a four day win streak NASDAQ and S&P break as a five day win streak NASDAQ traded to a record high before reversing
Forex news for Asia trading on Friday 27 August 2021 During US time we had hawkish comments out of numerous Fed officials ahead of Chair Powell’s speech scheduled for Friday morning, US time: In morning trade Asia took the USD up a little, with drops for EUR, AUD, NZD, GBP and CAD. Those, admittedly small,
Sweeping legislation allowing officials from the Australian Federal Police and Australian Criminal Intelligence Commission to target suspected criminals online has passed through the country’s parliament with bipartisan support. On August 25, the Identify and Disrupt bill passed through Australia’s Senate, introducing three new warrants allowing authorities to take unprecedented action against suspected cybercriminals. The new
Gold prices were steady on Friday, as investors awaited Fed chief Jerome Powell’s speech later in the day at the Jackson Hole symposium after some US central bank officials called for paring bond purchases. FUNDAMENTALSSpot gold rose 0.1% to $1,793.68 per ounce by 0104 GMT. US gold futures rose 0.1% to $1,796.70. The held firm
Another round of selling was seen in Dollar overnight, as US stocks extended record run. But Yen was even weaker, following the strong rally in treasury yields. It remains to be seen if investors are already starting to position themselves for the Jackson Hole symposium. For now, Yen, Dollar, and Swiss Franc are the worst
In this article PTON Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with
EUR/GBP edges higher in the early European session on Friday. The Euro gains momentum on hawkish ECB, mixed data. The sterling remains on the backfoot amid concerns of economic slowdown due to Brexit induced supply-chain disruptions. EUR/GBP edges higher on the last trading day of the week in the early European trading hours. The pair
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Geopolitical anxiety helps to kick the indices lower The geopolitical anxiety – and perhaps a bit overbought conditions – have sent the US stocks lower. A snapshot currently shows: Dow -36 points or -0.10% 35372 S&P index -16 points or -0.37% at 4478.90 NASDAQ index -51 points or -0.34% 14991.78 The NASDAQ and S&P index are up
Kaplan is a voting member in 2023 Feds Kaplan is expected to speak at 10:30 AM ET. Last week (August 20) Kaplan shifted his stance a bit due to the Delta variant. Fed’s Kaplan on Fox Business The big “imponderable” is path of Delta virus. So far the Delta virus has not had a material effect on mobility
New Delhi: Gold in the national capital on Thursday dipped Rs 265 to Rs 46,149 per 10 grams, in line with a fall in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, gold closed at Rs 46,414 per 10 grams. Silver also tumbled Rs 323 to Rs 61,653
Swiss Franc drops sharply today, as pressured by selling against Euro, and rising treasury yields. Dollar once again tries to recover, but there is no committed buying yet. The greenback traders will carefully scrutinize the comments from Fed officials coming out today and tomorrow, as the annual Jackson Hole Symposium goes along. Meanwhile, commodity currencies