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NEW DELHI: Gold futures on edged higher while silver futures were trading marginally lower in Thursday’s trade after Fed minutes of the recent policy meeting could not offer further clarity on the US central bank’s stance on rate hikes. Gold futures for October delivery rose 0.29 per cent to Rs 51,690 per 10 grams. Silver

The markets are generally rather quiet today, with major pairs and crosses trading inside yesterday’s range, as well as last week’s range. For now, Dollar is the strongest ones, followed by Sterling and then Euro. Australian and New Zealand Dollars are the weakest. Yen and Swiss Franc are mixed together with Canadian. Technically, Dollar’s rally

The push and pull feel in broader markets pretty much is the story so far today, as traders and investors lack any real conviction after not getting any sparks from the US retail sales and FOMC meeting minutes yesterday. European stocks were little changed early on before slipping a little but are now trading higher

Gold in the national capital on Thursday fell Rs 32 to Rs 52,224 per 10 grams, according to Securities. In the previous trade, the yellow metal had finished at Rs 52,256 per 10 grams. Silver also declined Rs 348 to Rs 57,298 per kg from Rs 57,646 per kg in the previous trade. In the

Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are the softer ones. Aussie is also trading with an undertone after mixed job data. But overall, most major pairs and

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 your initial investment; do not

NEW DELHI: Gold prices held steady on Wednesday ahead of the much-awaited US Fed minutes of meetings for cues over interest rate hikes amid inflationary worries. The minutes of the US Fed’s July 26-27 policy meeting are due at later in the day. The US central bank has raised its benchmark overnight interest rate by

Overall risk sentiment appears to have turned sour again today, with major European indexes trading in red, while US futures point to lower open. Australian Dollar is leading commodity currencies lower. Even New Zealand Dollar wasn’t supported by the hawkish RBNZ hike. At the same time, Yen is also among the weakest, as pressured by

The old saying in the market is that if something can’t go up on good news, then.. That might very well be the case for the kiwi as it is feeding off risk tones more so than the hawkish RBNZ from earlier today. In case you missed it, the central bank moved to hike rates

Gold in the national capital on Wednesday slipped Rs 53 to Rs 52,340 per 10 grams amid a decline in international precious metal prices and rupee appreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 52,393 per 10 grams. Silver also declined Rs 256 to Rs 57,957 per kg

New Zealand Dollar trades broadly higher after RBNZ’s rate hike today. But trading is mixed in other currencies. Commodity currencies are generally on the soft side for the week, but there is no follow through selling. Dollar is still the strongest, but it’s struggling to extend the near term rally. Yen attempted for a bearish

The economy ministry in Russia has issued revisions to forecasts for 2022 – 25: sees 2022 GDP contraction at 4.2% vs 7.8% previous mid-May forecast sees 2023 GDP down 2.7% vs 0.7% in previous set of forecasts sees dollar/rouble average rate at 68.1 in 2022, 69.2 in 2023 Reuters pass along the info, citing documents

When Russia invaded Ukraine in the spring, energy experts were predicting that oil prices could reach $200 a barrel, a price that would send the costs of shipping and transportation into the stratosphere and bring the global economy to its knees. Now oil prices are lower than they were when the war began, having dropped

While Dollar remains generally firm, Yen is reversing much of this week’s gain. The moves come as European benchmark yields are trading generally higher. Major European stock indexes are also in slight positive position. Canadian Dollar is rebounding, responding more to rising core inflation reading. European majors and other commodity currencies are mixed for now.

The dollar is leading gains now to start the session as we are seeing it gain to stretch out the narrow ranges so far on the day. EUR/USD is down 0.2% to 1.0140, though still stuck within a 30 pips range on the day. There are large expiries at 1.0150 that could be a bit

NEW DELHI: Gold prices dropped sharply in the domestic markets on Tuesday as the prices adjusted in line with the global markets after opening for trade following a long weekend. A dip in the US bond yield capped the losses, although a stronger dollar and concerns over further rate hikes by the Federal Reserve kept

Yen and Dollar are so far stronger for the week, with recession as a main theme in the markets. Yet, their upside is relatively limited, as US stocks managed to extend near term rally overnight. Commodity currencies are generally on the softer side, but Aussie, Kiwi and Loonie are all staying inside last week’s ranges.

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 your initial investment; do not