NEW DELHI: Gold and silver futures for December delivery were trading up to half-a-per cent lower on Wednesday on reduced safe haven appeal, as hopes of a Covid vaccine outweighed concerns over a short-term rise in Covid cases globally. Gold futures were down 0.39 per cent at Rs 50,570 per 10 grams. Gold prices are
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The financial markets generally turned into consolidation for now as vaccine boost faded. Commodity currencies are mildly softer in Asian session, together with Dollar. On the other hand, Swiss Franc and Yen are the firmer ones, together with Sterling. For the week, Dollar is the weakest one for now, followed by Swiss Franc. New Zealand
Republican Sen. Grassley is quarantining from Covid which puts into question the vote Hours away from voting on the confirmation of Trump nominee Judy Shelton to the Federal Reserve Board was thrown a curveball when Sen. Charles Grassley (R-Iowa) said he would immediately quarantine while waiting for test results. Yesterday Sen. Lamar Alexander (R -Tennessee) said that he
Gold prices rose marginally by Rs 3 to Rs 50,114 per 10 gram in the national capital on Tuesday amid choppy trade and rupee depreciation, according to HDFC Securities. The precious metal had closed at Rs 50,111 per 10 gram in the previous trade. Silver prices jumped Rs 451 to Rs 62,023 per kilogram from
Global stock markets are paring some of yesterday’s strong gain, together with slight pull back in oil price. The development translates into mild weakness in commodity currencies. Yet Dollar is not gaining much for now, as it’s overshadowed by the rally in European majors and Yen. But for now, the greenback is still holding above
A bit of a fizzle once again after the early optimism to start the new week? S&P 500 futures are down 0.4% with Dow futures seen down 0.3% ahead of European trading today, with Nasdaq futures keeping more flat for the moment. It is still early in the day but after closing at record highs
NEW DELHI: Gold futures for December delivery were trading marginally lower in Tuesday’s session on fall in safe haven demand after US-based Moderna Inc said its experimental vaccine was 94.5 per cent effective in preventing Covid-19 based on interim data from a late-stage clinical trial. Moderna is the second US company in a week to
Vaccine optimism pushed DOW to new record high overnight and positive sentiment continues in Asian session. Dollar, Yen and Swiss Franc are the weaker ones, while commodity currencies are strongest. Though, major pairs and crosses are generally bounded inside last week’s range. That is, Dollar and Yen are holding above near term lows despite the
The President-elect will speak on the economy at 1:30 PM ET Pres. Elect Biden and VP elect Harris will meet with business and labor leaders today including Microsoft, GM, Target and Gap. Later today at 1:30 PM ET, Biden is expected to speak on the economy. The meeting with business leaders is mindful of the early days of the
Oil prices jumped more than 4% on Monday, recouping the previous session’s losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brent crude futures for January were up $1.79, or 4.2%, to $44.57 a barrel by 1420 GMT, while U.S. West Texas Intermediate crude for December was up $1.84, or
Global investor sentiments are boosted by more good news on coronavirus vaccines. Moderna said it’s vaccine was 94.5% effective in preventing COVID-19, based on interim data from a late stage trial. Major European indices are trading up while DOW future is gaining over 450 pts. In the background, solid data from China and Japan released
The ‘Monday effect’ kicks in again Typically, Monday tends to see a lower case count due to the weekend and lesser testing in the past 24 hours – a similar trend observed on 9 November and 2 November (⬆). After going two weeks with ‘lockdown light’, the situation across Germany still calls for much caution
Gold prices inched up on Monday helped by a softer dollar and mounting coronavirus cases in the United States that escalated concerns of the pandemic’s impact on the pace of economic recovery. FUNDAMENTALS * Spot gold was up 0.1 per cent to $1,888.91 per ounce by 0042 GMT. * U.S. gold futures were up 0.1
Stocks end at the top of the range S&P 500 up 48 points to 3585 (+1.3%) — all time high lcose Nasdaq up 116 points to 11,825 (+1.0%) DJIA up 375 points to 29,465 (+1.3%) Russell 2000 +2.2% As you can see, value led tech once again as that rotation continues. Covid news and election
NEW DELHI: Gold imports, which have a bearing on the current account deficit, declined 47.42% to $ 9.28 billion during April-October due to fall in demand in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow metal stood at $ 17.64 billion in the corresponding period of
Trump says he will speak in 15 minutes Trump says he will speak in the Rose Garden in about 15 minutes. These are his first public comments in a week and they will be on Operation Warp Speed. There’s pressure on Trump to allow Biden’s team into briefings in order to preserve continuity. For bank
Gold rose on Friday as increasing coronavirus infections globally re-ignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID-19 vaccine further boosted the safe-haven metal. Spot gold rose 0.5% to $1,884.76 per ounce by 1:57 p.m. EST (1857 GMT). But bullion was still bound for its worst
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks plunged -16.8 mmb to 1402.34 mmb in the week ended November 6. Crude oil inventory gained +4.28 mmb (consensus: -0.91 mmb) to 488.71 mmb. Stockpile increased in 2 out of 5 PADDs. However, PADD3 (Gulf