NEW DELHI: Gold prices jumped Rs 1,182 to Rs 54,856 per 10 gram on Tuesday in the national capital following rally in international prices of the yellow metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 53,674 per 10 gram. Silver was also in heavy demand as it zoomed Rs
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Dollar’s selloff accelerates entering into US session, taking out recent lows against all major currencies except Yen. Another leg in the near term down trend has started. Swiss Franc and Yen are the next weakest, together with New Zealand dollar. On the other hand, Sterling and Euro are both riding on the wave and strengthen
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart‘s fiscal second-quarter sales got a boost from this spring’s stimulus checks, but that tapered off in July as shoppers spent that money. Now, the retail giant is waiting to see if the government
Customers wearing face masks shop at a Walmart on July 15, 2020 in Washington, D.C. Sha Hanting | China News Service via Getty Images Walmart is set to report its fiscal second quarter earnings before the bell Tuesday as the coronavirus pandemic shakes up consumer shopping patterns. Here’s what Wall Street is expecting, based on average
Author Cal Evans bills The Little Book of Crypto as “A No BS Introduction To Crypto.” Evans also claims to be “regarded as one of the best crypto lawyers” working for “the largest independent crypto-only law firm on the planet.” This will become relevant later. The book claims to provide the reader with unique “in-industry”
Gold trades back above key near-term levels For bank trade ideas, check out eFX Plus Gold was a notable mover in US trading yesterday, with the dollar weakness also helping out the precious metal as it advanced towards the 200-hour MA (blue line). That helped to stall overnight gains but buyers are finding more momentum
In its latest report, the Nomura analysts noted that India’s economic activity rose to a post-lockdown high in the week ended Aug. 16. Key quotes “After a prolonged period of flattening mobility trends since mid-June, Google workplace and retail & recreation mobility data have resumed their uptrend in August, even though they remain materially below
Last week another part of Australia, the Northern Territory, said its borders would be closed for at least 18 months The state Premier, Peter Gutwein, said restrictions would stay in place until at least December “to allow sufficient time for the COVID-19 situation in Victoria and the threat posed to other states to be clearly
TOKYO: Oil prices edged lower on Tuesday, mostly holding onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic. Brent crude was down 6 cents, or 0.1%, at $45.31 a barrel by 0027 GMT,
Yen’s rebound continues in relatively quiet trading in Asia. Risk aversion is not apparent as major indices outside of Japan are all in slight black. Instead, Yen traders could be reversing recent shorts as treasury yields pull back. Staying in the currency markets, New Zealand Dollar remains the worst performing one, followed by Dollar. The
Shoppers wearing protective masks browse clothing at a store at Westfield San Francisco Centre in San Francisco, California, U.S. Michael Short | Bloomberg | Getty Images Near-record stock market levels, a booming almost bubbling housing market and robust retail spending doesn’t sound like much of a recession. But this is no ordinary recession. The Covid-19
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Pantera Capital, a crypto investment firm that has $600 million under management, had a very good year, but still not as good as 2018. According to a recent SEC disclosure, Pantera Venture Fund III has raised $164,705,834 to date — and a whopping $68,841,379 of that has come over the last twelve months. While the
Also testing the February low of 1.32015 The USDCAD is trading near its lows after falling below the low from Friday at 1.32053 and also the swing low going back to February 2020 at 1.32015. That’s the bearish news. The not so bearish news is that the low price reached 1.31939 which was just above
Analysts at Citibank forecast gold at $2,100/oz in 0-3 months and at $2,300 in a period of six to twelve months. They point out the record pace of ETF investor inflows (aweakening the dollar) and negative real yields are the primary drivers for gold’s rally. Key Quotes: “We lift gold short-term targets to ~$2,100/oz. 6-12m
New York gyms can open next week Arizona reports 0 deaths Some good news from the Covid front today: Gov. Cuomo in New York said that gyms can open on August 24 with 33% capacity, masks Arizona reported 0 deaths yesterday and only 468 new cases. The ICU utilization remained at 80% In New York, hospitalizations