News

NEW DELHI: Gold prices were under pressure on Monday as the gains in the US dollar pressurized the yellow metal following the hawkish commentary from the US Fed chair to tame inflation. The dollar index held close to a two-decade high of 109.29 touched last month, making the bullion expensive for those holding other currencies.

Dollar rises broadly in Asian session, extending the post-Powell rally. Risk-off sentiment is a factor giving the greenback another boost. At the same time, 10-year yield is back above 3.1% in Asia, giving Dollar another lift, and hammers Yen at the same time. The trend will likely continue for a while with an empty calendar

It’s a rout everywhere in markets today but oil managed to hold up, gaining 58-cents to $93.06. That’s despite the risks of an Iran deal announcement on the weekend (admittedly, those might be two-way risks). In any case, I want to write about what’s unfolding in diesel right now. I believe that’s the metric to

NEW DELHI: Gold prices moved higher on Thursday as the US dollar lost some of its ground ahead of the Jackson Hole symposium. Investors looked forward to a speech by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes and the health of the economy. Gold futures

I’m not a fan of the Dollar Index as a technical indicator but I think it paints the right fundamental picture at the moment. The dollar retraced modestly after a big runup to relieve some overbought conditions and now it’s ready to challenge the July highs. Will it breakout? The Fed The catalyst for today’s

It was a challenging week for commodities and gold was not left unaffected. Gold wavered between gains and losses and ended the week with a modest gain of 0.6%. Gold fell for the second consecutive week after four weeks of consecutive gains which shows that bulls are losing confidence and the key $1,800/oz level remains

Markets: S&P 500 down 3.4% Gold down $21 to $1737 US 10-year yield up 1 bps to 3.03% WTI crude oil up $0.34 to $92.86 USD leads, NZD lags There was a dovish lean in the market before Powell as the PCE inflation report came in soft. That was validated by Bostic as he said

Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day. Brent crude futures climbed 46 cents, or 0.5%, to $99.80 a barrel at

In terms of prompting market volatility, Fed Chair Jerome Powell didn’t disappoint. Stocks suffered steep selloff after his Jackson Speech. While Australian Dollar was still at top of the chart, most of its earlier gains evaded on Friday, and looks set to weaken further in the near term. Dollar was the second strongest. But it

Weekend data out of China’s National Bureau of Statistics, a soft reading for Industrial Profits in July. Profits at industrial firms in China for the first seven months of the year (i.e. January – July) fell 1.1% y/y this compares with the +1.0% for January – June Earlier this month we had the July data

NEW DELHI: Gold prices remained subdued on Friday as investors adopted a cautious stance ahead of US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. The key central bankers’ conference which will be watched for guidance on future interest rate hikes. The dollar index hovered near one-month highs, while benchmark US 10-year Treasury yields

Dollar turns softer in Asian session today, but stays in familiar range. Traders would likely remain cautious until Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium tomorrow. For now, Aussie and Kiwi are the stronger ones for the day. European majors and Canadian Dollar are soft too, next to Dollar. Technically, AUD/JPY resumes

US 2-year yields are up 4 basis points to 3.417%. We were as high as 3.45% but have given some back. I’m closely watching bonds right now, particularly the front end of the curve for a clearer signal on Powell. It FX and equities it’s much more definitive with the dollar strong and equities taking

Gold prices fell by Rs 254 to Rs 52,031 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 52,285 per 10 grams. However, silver, gained Rs 21 to Rs 55,979 per kg from Rs 55,958 per

Dollar dips in early US session following lower than expected PCE and core inflation data. But loss is so far limited as traders are holding their bets ahead of Fed Chair Jerome Powell’s speech. Euro, Aussie and Swiss Franc are so far the stronger ones for the day, while Yen and Kiwi are the weaker

For today, all eyes will be on Fed chair Powell’s speech at the Jackson Hole symposium and that will come at 1400 GMT (roughly 10 hours from now). The agenda pins Powell down for about 30 minutes as he will deliver opening remarks for the day but everyone will be interested in what he has

Gold prices were subdued on Friday, as investors adopted a cautious stance ahead of U.S. Federal Reserve Chair Jerome Powell’s speech at a key central bankers’ meeting, which will be vetted for guidance on interest rate hikes. FUNDAMENTALS Spot gold edged 0.2% lower at $1,755.09 per ounce, as of 0118 GMT. U.S. gold futures were

The forex markets are generally steady in Asian session today, as traders are still holding their bets ahead of Fed Chair Jerome Powell’s Jackson Hole speech. US stocks staged a rebound overnight, but there was little reaction elsewhere. For the week, commodity are currently the strongest, led by Aussie. European majors are the worst performers,