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Month: December 2021
NEW DELHI: Gold prices traded in the tight range on Wednesday as higher US Treasury yields and improved risk appetite countered concerns about the rapidly spreading Omicron coronavirus variant. Gold futures on MCX added 0.06 per cent or Rs 29 at Rs 48,096 per 10 grams. Silver futures gained 0.16 per cent or Rs 96
Gold struggles to extend the previous day’s rebound despite recently picking up bids. Market sentiment improves as policymakers placate Omicron fears, US stimulus chatters also add to the risk-on mood. US data eyed as bearish formation hints at seller’s return. Powell sent gold above $1,800: But only for a short while Update: Gold price is
Risk sentiment continues to flip-flop in pre-holiday markets. Major European indexes and US futures are trading slightly higher. Swiss Franc, Yen and Dollar are all trading generally lower, while Kiwi and Aussie are trading higher with Sterling. Canadian Dollar appears to be getting little support from better than expected retail sales data. Technically, gold appears
Tuesdays can be boring, but an ongoing Twitter drama is captivating the attention of many blockchain enthusiasts. Ask The Doctor, a Canadian medical questions and answers website, announced that it would be suing Shytoshi Kusama, volunteer project lead of meme token Shiba Inu (SHIB), for alleged libel and will attempt to uncover his personal identity
New Delhi: Gold in the national capital on Thursday jumped Rs 883 to Rs 48,218 per 10 gram in line with the firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,335 per 10 grams. Silver also rallied Rs 1,890 to Rs 65,190
The Loonie advances 0.12% versus the greenback amid a risk-on market mood. Rising crude oil prices underpin the Canadian dollar, the US dollar weakens. Canadian Retail Sales rose by 1.6%, more than the 1.0% estimated, the Loonie barely moved. During the New York session, the USD/CAD grinds lower, trading at 1.2925 at the time of
China is going against the global tide of normalization of monetary policy. The PBOC announced to cut the one-year loan prime rate (LPR) by -5 bps to 3.8%, first time April 2020. This, together with the reduction in RRR and increase RRR on foreign currencies earlier this month, indicates that the country’s economic recovery is
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Gold prices held steady on Tuesday, as traders assessed the impact of surging Omicron coronavirus cases and interest rate hikes aimed at taming high inflation. FUNDAMENTALS * Spot gold was up 0.1% at $1,790.57 per ounce by 0142 GMT. U.S. gold futures were down 0.2% at $1,790.60. * British Prime Minister Boris Johnson said on
In this article NKE Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike shares climbed around 3% in extended trading Monday after the sneaker maker reported fiscal second-quarter earnings and sales that topped analysts’ expectations, despite ongoing
Gold consolidates recent losses after consecutive two-day declines. Omicron woes escalate as WHO, Imperial College of London and US CDC support market fears. Deadlock over US President Biden’s BBB, US-China tussles and Fed’s rate-hike concerns also favor risk-off mood. Update: Gold (XAU/USD) is bobbing around within a tight Asian range of between $1,789.34 and $1,792.38 in
Commodity currencies are under broad-based pressure today, as markets are trading in risk-off mode on the spread of Omicron. Canadian Dollar is leading the way lower as WTI oil tumbles below 70. But Euro and Swiss Franc are currently the main beneficiaries, followed by Yen. Dollar and Sterling are mixed. Technically, EUR/CAD’s break of 1.4580
In its debut weekend, the first NFT from Adidas Originals’ “Into the Metaverse” project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. In collaboration with Bored Ape Yacht Club, PUNKS Comic, and
Gold in the national capital on Thursday jumped Rs 883 to Rs 48,218 per 10 gram in line with the firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,335 per 10 grams. Silver also rallied Rs 1,890 to Rs 65,190 per kilogram
In this article GSBD U.S. Senator Joe Manchin (D-WV) delivers remarks to reporters at the U.S. Capitol in Washington, D.C., November 1, 2021. Jonathan Ernst | Reuters The apparent failure of President Joe Biden’s “Build Back Better” plan means that economic growth could be weaker than expected next year, according to Goldman Sachs. The plan
Spot gold is struggling to make use of risk-averse market conditions on Monday and remains subdued under $1800. An on-the-day rise in real yields is the main reason why gold is struggling. Despite a broadly risk-off market tone and an underperforming US dollar, spot gold (XAU/USD) prices are struggling to make headway on Monday. Prices
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