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NEW DELHI: Gold and silver futures climbed on Thursday as the dollar weakened after the US Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023. The dollar index dropped 0.5 per cent to 91.405, making the greenback-denominated metal cheaper for non-US investors. Gold futures
Dollar dropped broadly overnight as markets turned into mild risk-mode following FOMC rate decision. A better economic outlook was painted by the new economic projections. Yet, Fed is clear that it’s not even considering tapering the asset purchases for now. DOW and S&P 500 rose to new record while 10-year yield also closed higher. Commodity
Gold prices inched lower on Wednesday, pressured by elevated US bond yields and a firmer dollar, but remained within a tight range as markets await the outcome of the Federal Reserve‘s monetary policy meeting. Spot gold was down 0.1% at $1,728.52 per ounce at 9:54 A.M EDT (1354 GMT). US gold futures also eased 0.1%
The markets remain generally quiet today, awaiting FOMC rate decision. Sterling regains much of the ground lost earlier in the week. Canadian Dollar is also firm, in particular against other commodity currencies. On the other hand, Swiss Franc is paring some of yesterday’s gains, while Aussie and Kiwi turn week. Dollar and Euro mixed for
Risk trades and the dollar wait on the bond market reaction to the Fed US futures are keeping flat, with the dollar mostly little changed across the board as narrower ranges continue to prevail for the time being. EUR/USD is resting close to 1.1900 and trading within a 15 pips range to start European morning
NEW DELHI: Gold and silver futures were trading flat on Wednesday as the dollar stood firm, with investors eyeing the outcome of the US Federal Reserve’s two-day meeting for its outlook on the economy. A spate of volatility in money markets has stoked speculation that the US central bank may be forced into a technical
The markets continues to trade in non-committal way as traders await Fed’s comments on treasury yields. Swiss Franc is currently the strongest one for the week, thanks to yesterday’s rally. But there is no follow through buying so far. Canadian Dollar is following closely as the second strongest. Euro, on the other hand, is the
There isn’t really a clear direction in the currency markets today. Sterling’s selloff in European session quickly faded. Focus is turning to Yen and Swiss Franc rebound in early US session. Weakness in treasury yield is a factor driving the changes. Japan 10-year JGB yield closed back blow 0.1% handle while Germany 10-year yield is
There goes a bi-partisan deal In Democrat dreamland they would limit tax increases to pay for a comprehensive infrastructure bill with some green initiatives in it. The GOP could have dragged out a process before balking but it appears they’re digging in their heels right away. It sounds like they’re trying to position themselves as
NEW YORK: Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand. Brent was down 59 cents, or 0.9%, to $68.29 a barrel by 12:52 p.m. EDT (1652 GMT). US crude fell 75 cents, or
Daily thread to exchange ideas and to share your thoughts The dollar is keeping steadier after a bit of a mixed day yesterday, with little changes observed across major currencies so far. The pound is a touch weaker as EUR/GBP hugs the 0.8600 level, with cable also tracking just below its key hourly moving averages but holding
By Tapan Patel Commodity prices traded mixed on Tuesday continuing the trend from the previous session as the bullion prices continued upside extending the previous week’s rally while crude oil prices traded lower on demand growth concerns. Base metals witnessed mixed trade amid China pollution curbs and policy tightening. Here is a look at how
Markets remain cautious overall. While DOW and S&P 500 hit new record highs overnight, the gains were just modest. Gold and WTI oil are also both stuck in tight range, awaiting breakout. In the currency markets, Sterling is apparently under some pressure from cross selling against other European majors. Euro and Swiss are currently the
Brief dollar rally squished The dollar briefly jumped on anxiety about the AstraZeneca vaccine but has since give back those moves. It’s now roughly where it was at the start of New York trade and moderately higher versus EUR and GBP on the day. Equity and bond markets are steady as well, trading little changed
Gold prices ticked up on Monday as US Treasury yields backed off recent highs, countering pressure from a resilient dollar, as investors awaited further policy cues from the Federal Reserve‘s policy meeting this week. Spot gold rose 0.1% to $1,727.80 per ounce by 10:32 a.m. EDT (1432 GMT). US gold futures rose 0.5% to $1,727.90
Trading is generally subdued in the markets today. European indices are stuck in very tight range while US futures point to slightly higher open. Both gold and oil are bounded in consolidative trading. Bitcoin was short to new record high but quickly reversed. In the currency markets, New Zealand and Canadian Dollar are the strongest
Daily thread to exchange ideas and to share your thoughts The dollar is holding firmer to start the new week, as the selloff in Chinese stocks is seeing the yuan fall against the greenback and the more risk-off mood there is keeping the dollar slightly underpinned ahead of European trading. That said, the mood elsewhere is reflecting