Zinc prices on Wednesday fell by 0.32 per cent to Rs 216.75 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for December delivery traded lower by 70 paise, or 0.32 per cent, to Rs 216.75 per kg in 1,049 lots.
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Sterling rises broadly in early US session on rumor that Brexit trade deal is “pretty much there”. But just like recent price actions, upside of the Pound is capped so far, waiting for confirmation. Dollar turns softer after a mixed batch of economic data, while firmer risk sentiment also sends Swiss Franc and Yen lower.
The greenback retreats after decent gains in trading yesterday The key development overnight is that Trump has threatened not to sign the nearly $900 billion virus relief bill (⬆) and that is causing a bit of a stir in the market as we look towards the trading day ahead. The reaction so far has been
Dec 23: Gold prices edged higher on Wednesday as grim U.S. consumer and housing data bolstered hopes for further stimulus to support an economic recovery from the pandemic-induced slump. FUNDAMENTALS *Spot gold rose 0.2% to $1,863.83 per ounce by 0027 GMT, while U.S. gold futures fell 0.1% to $1,868.10. * A new coronavirus strain in
Gold’s rebound late November has continued for a third week. Besides bargain hunting, Fed’s pledge to keep the policy rate low and strengthening in the forward guidance in QE, as well as the latest fiscal package approved by the Congress are the key driving forces supporting the yellow metal. The US congress has managed to
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Gold prices fell Rs 243 to Rs 49,653 per 10 gram in the national capital on Tuesday, reflecting the weakness in global price of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,896 per 10 gram. Silver prices also declined Rs 216 to Rs 67,177
It seems that traders are already on holiday with the subdued market activity today. Sterling softens again on reports that EU rejected UK’s latest proposal on fishing rights. Australia and Zealand Dollars also dip mildly. On the other hand, Swiss France firms up together with Euro, followed by Dollar and Yen. Gold and oil are
Forex news for Asia trading for Tuesday 22 December 2020 FX markets traded in a more subdued fashion today compared with Monday, with GBP drifting a little lower on the session here but not making too many waves. Brexit-related news was light as was virus-related news out of the UK. Cable dipped to just under
NEW DELHI: Gold and silver futures prices in the domestic market climbed on Tuesday as agreement on the US stimulus package lifted the appetite for bullion. A majority of the US House of Representatives voted to move a $900 billion coronavirus aid bill struck by Congressional leaders for a vote on passage on Monday evening.
Sterling’s exceptional volatility continued as traders turned a bit more optimistic on a Brexit trade deal. But upside remains capped, as nothing is done until everything is done. Markets are also mixed elsewhere, with the positive impact of US fiscal stimulus being offset by worries over new strain of coronavirus. Economic calendar continues to be
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 of your initial investment; do
Gold prices erased earlier gains to fall by as much as 1.3% on Monday, pressured by an advancing dollar as fears of a new coronavirus strain gripped markets and forced tougher restrictions. Spot gold fell 0.3% to $1,874.91 per ounce by 1115 GMT, having earlier hit its highest since Nov. 9 at $1,906.46. U.S. gold
European markets open the week in heavy selloff on worries over a new strain of coronavirus discovered in the UK, which was seen as “out of control” by the Health minister. At the time of writing, DOW future is also down around -500 pts. Dollar is staging a broad based rebound on risk aversion today,
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 of your initial investment; do
By Jack Farchy and Nishant Kumar For the best part of a decade, commodities have been deeply out of fashion. Now, as investors scour the market for the great reflation play, they’re hot again. Investing luminaries from Point72 to Pimco are calling for commodity prices to move higher. Goldman Sachs Group Inc., the bellwether of
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -6.24 mmb to 1367.64 mmb in the week ended December 11. Crude oil inventory fell -3.14 mmb (consensus: -1.94 mmb) to 500.1 mmb. Stockpile decreased in 3 out of 5 PADDs. PADD 3 (Gulf
Unnamed sources reported on trade-deal talk (lack of) progress from the UK and EU via the BBC. BBC citing a UK government source increasingly likely the UK will end its post-Brexit transition period without a free trade agreement with the EU There will be no post-Brexit trade deal between the UK and EU unless there