News

NEW DELHI: Gold prices were trading flat on Wednesday, hovering near their lowest levels since April 2022 as investors prepared for the likelihood of another super-sized interest rate hike from the US Fed in its effort to tackle inflation. The dollar index hovered close to a two-decade high marked earlier this month, while the benchmark

Gold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 49,719 per 10 grams. Silver also jumped by Rs 333 to

Oil prices edged lower in early Asian trade on Thursday after the U.S. Federal Reserve raised interest rates significantly to curb inflation, with fears for the global economy casting a shadow over future fuel demand. Brent crude futures fell 16 cents, or 0.2%, to $89.67 per barrel by 0013 GMT, while U.S. West Texas Intermediate

Gold prices fell 1% on Thursday, as the dollar rose sharply after the U.S. Federal Reserve increased interest rates by another 75 basis points and flagged more hikes. FUNDAMENTALS Spot gold dropped 1% to $1,656.97 per ounce, as of 0114 GMT. U.S. gold futures fell 0.5% to $1,667.30. The dollar index scaled a new two-decade

The forex markets are overall mixed. Dollar retreated overnight following the rebound in stocks, but regained some ground in Asian session. Traders are holding their bets for now, ahead of the meetings of four major central banks later in the week, including Fed, BoE, SNB and BoJ. Canadian inflation data, nevertheless, could trigger some volatility

Canadian Dollar falls broadly in early US session after weaker than expected inflation reading. Yet, it’s still undecided on which currency is worst. Dollar is current in the driving seat, as lifted by extended rally in treasury yield. 10-year yield is trading up above 3.5 handle for the first time in more than a decade.

Dollar is staying as the strongest one for the week as markets await FOMC rate hike. Yet, the greenback is still held below last week’s high against most counter parts except Loonie and Kiwi. Swiss Franc is also resilient while markets are speculation a larger than expected hike by SNB later on Thursday. Commodity currencies

Euro is sold off broadly, together with Sterling, after Russia announced partial military mobilization. Reactions in European stock markets are muted, nevertheless. For now, Swiss Franc is the strongest one for today, followed by Dollar, Canadian and Yen. Aussie and Kiwi are mixed. Focuses will now turn to FOMC rate decision first, followed by BoJ,

The Queen’s funeral is a holiday in most of Canada today but markets are open and I assume that desks are staffed so liquidity in USD/CAD should be fine. The pair is under pressure today as oil and gas prices decline. WTI crude is down 3% and natural gas down 2.5%. Combine that with poor

Prior was 49 Current single-family home sales 54 vs 57 prior Sales over the next six months 46 vs 47 prior Index of prospective buyers 31 vs 32 prior This has been a one-way decline from 84 at the start of the year and not a pretty picture but also not a surprise given surging

The tone in market has changed completely in the last 90 minutes. The dip buyers emerged first in equities and commodities but have also arrived in crypto and now in some beaten-down currencies. The move hit before the latest WSJ Fed preview from Timiraos but has extended since then. The report doesn’t read like a

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 your initial investment; do not

Oil prices climbed during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand. Brent crude futures rose $1.15, or 1.3%, to $92.50 a barrel by 0049 GMT after settling up

NEW DELHI: Gold prices continued to remain under pressure on Monday as investors braced for aggressive rate hikes by major central banks this week, especially from the US Federal Reserve, to tame high inflation. The US Fed’s Federal Open Market Committee is expected to begin its two-day meeting on interest rates on September 20 and

Oil fell by more than 2% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline. Central banks around the world are certain to increase borrowing costs to tame high inflation this week and there is some

Gold prices declined by Rs 303 to Rs 49,571 per 10 grams in the national capital on Monday amid weak global cues and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,874 per 10 grams. Silver also dipped by Rs 197 to Rs 57,090 per kilogram

Dollar is trading with a slightly firmer tone in quiet Asian session. But overall, most major pairs and crosses are stuck inside Friday’s range. Trading would likely remain subdued with Japan and UK on holiday, and the calendar is light. Nevertheless, the week ahead is ultra busy with four central bank meetings and some important

The markets are relatively quiet today with Japan and the UK on holiday. Sentiment is on risk-off side, ahead of central bank rate hikes later in the week. The more notable moves are found in selloff in cryptocurrencies. Dollar is standing firm, together with Swiss Franc and Euro. Aussie and Kiwi are softer together with