NEW DELHI: Gold and silver futures were trading lower on Wednesday pressured by a higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The US 10-year Treasury yield rose as much as 1.776 per cent on Tuesday, its highest since Jan. 22. Higher returns on bonds increase the opportunity cost
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China’s official data suggest that the country’s economy recovered significantly in March. PMI readings for all of manufacturing, services and construction activities improved strongly. While seasonal factor (low base effect in February) played a role, the strong first quarter reading signals that economic recovery remains underway. Key risks are global vaccination progress and US-China trade
A look back shows what’s happening in the market On Feb 16, US 10-year yield gapped higher through resistance at 1.20% in a quick move to 1.31%. That set off a mostly one-way rise up to 1.77% earlier today. That move sparked a re-think in many asset classes, some Fed hand-wringing and non-stop inflation talk.
Gold prices shed nearly 2% on Tuesday on a firmer US dollar and higher Treasury yields, while hopes of a faster economic recovery further dampened demand for safe-haven bullion. Spot gold slid 1.5% to $1,686.40 per ounce by 10:32 a.m. EDT (1432 GMT). Earlier in the session, bullion fell about 2% to its lowest since
Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies. The stock markets are having little reactions so far, with European indices mildly in black
Daily thread to exchange ideas and to share your thoughts The dollar is still holding its ground for the most part and with higher Treasury yields, yen pairs look to break higher once again with USD/JPY on approach to 110.00. The pair has broken above its June highs to climb to its highest level since March last
NEW DELHI: Gold and silver futures were trading lower on Tuesday pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The dollar climbed to a one-year high against the yen on Tuesday as accelerating vaccinations and massive stimulus in the US stoked inflation
Gold prices fell on Monday as a stronger U.S. dollar and hopes for a swift global economic recovery boosted share markets, denting demand for a safe haven. Spot gold was down 0.4% at $1,725.26 per ounce by 0829 GMT. U.S. gold futures slipped 0.6% to $1,722. “Gold is suffering a little bit on back of
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a softer one, followed by Euro and then Swiss Franc. Dollar and Yen are mixed for
Daily thread to exchange ideas and to share your thoughts This week may be one that offers more noise than signal and the Archegos Capital news will likely add to that. The heavy selling in Viacom last week did little to hurt markets in general but suddenly it “matters” in early trading today so far.Invest in yourself.
TOKYO: Oil was slightly lower on Monday, relatively placid after four sessions of wild swings in price, as efforts continued to dig out the giant container ship clogging the Suez Canal and little new emerged in the demand picture. Brent oil was down 18 cents, or 0.3%, at $64.39 a barrel by 0141 GMT. U.S.
The markets open a holiday-shortened week in a quiet note. Canadian Dollar is trading mildly lower, following retreat in oil prices. The giant container that blocks the Suez Canal, Ever Given, is finally starting to refloat, partly thanks to higher-than-usual spring tides. Elsewhere in the forex markets, Dollar and Yen are currently the firmer ones,
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NEW DELHI: Silver prices rose by Rs 171 to Rs 65,040 per kg in futures trade on Friday as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 171, or 0.26 per cent, to Rs 65,040 per kg in 11,001 lots. Analysts said
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +4.79 mmb to 1291.67 mmb in the week ended March 19. Crude oil inventory gained +1.91 mmb (consensus: -0.27 mmb) to 502.71 mmb. Stockpile increased in 2 out of 5 PADDs. PADD 3 (Gulf
Preliminary estimate was 83.0 Consumer sentiment 84.9 versus 83.6 estimate. Preliminary estimate was 83.0. Last month 76.8. Highest level since March 2020 Current conditions 93.0 versus 91.5 preliminary. Index is up from February’s 86.2. level is the highest level since March 2020 Expectations 79.7 versus 77.5 preliminary. Index is up from February’s 70.7. Level is the
NEW DELHI: Gold in the national capital declined by Rs 147 to Rs 44,081 per 10 gram on Friday amid rupee appreciation and overnight selling in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,228 per 10 gram. In contrast, silver rose by Rs
Markets are generally steady in Asian session today, with mild recovery seen in Nikkei. Though, movements in other markets are rather subdued. Commodity currencies recover in general while Yen, Swiss Franc and Dollar are the weaker ones. However, for the week, Dollar and Yen remain the strongest one while New Zealand and Australian Dollar are