News

Gold in the national capital on Friday was marginally down by Rs 9 to Rs 52,592 per 10 grams, according to HDFC Securities. The yellow metal had closed at Rs 52,601 per 10 grams in the previous trade. Silver also declined by Rs 487 to Rs 58,477 per kg from Rs 58,964 per kg in

Dollar soars broadly, together with benchmark treasury yields, after an all around strong non-farm payroll report. At the same times US futures tumble, apparently on expectations Fed’s tightening pace will continue with such healthy job market. The greenback is now the strongest one for the week and the question is, whether it could break through

The Fed stressed on data dependency and Powell outlined that they will have two labour market reports and two consumer inflation reports to get through before the September meeting, so we’re now at the first hurdle. The consensus for the non-farm payrolls figure today is +250K. The headline figure will obviously attract first attention in

Gold prices firmed on Friday to hover near a one-month high, as a retreat in dollar and U.S. Treasury yields and growing recession fears boosted demand, keeping the safe-haven metal on track for its third straight weekly rise. FUNDAMENTALS * Spot gold was up 0.2% at $1,793.88 per ounce, as of 0054 GMT, after hitting

Aussie and Kiwi firm up mildly in Asian session, following the rebound in risk markets. But overall, the currency markets are rather quiet, with major pairs and crosses stuck inside last week’s range. Traders are probably holding their bets for now, and await today’s BoE rate decision. Another big event of US non-farm payroll employment

Cleveland Fed Pres. Loretta Mester Cleveland Fed Pres. Loretta Mester speaking and says: We’re are not in recession right now Recession risks have gone up though There is still path to soft landing We have to take supply constraints as a given as they are likely to remain for some time I don’t use yield

Gold in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to Securities. The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade. Silver also rose by Rs 426 to Rs 58,806

Sterling falls broadly today after BoE hikes by 50bps but indicates that a prolonged recession will start in the UK in Q4. But the selloff in the Pound is not helping Euro and Swiss Franc much, as both are mixed. Dollar and Canadian are following Sterling as next weakest. Meanwhile, Yen is leading Aussie and

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Gold prices edged higher on Thursday, buoyed by a pullback in the dollar and U.S. Treasury yields, while investors awaited the U.S. non-farm payrolls report later this week that could offer more cues on the Federal Reserve’s rate hike plans. FUNDAMENTALS * Spot gold was up 0.2% at $1,767.97 per ounce, as of 0123 GMT.

Overall, the development in the financial markets are rather mixed for now, still awaiting further development in Taiwan Strait tensions. Yen’s rally was somewhat choked by the recovery in US benchmark yields overnight. Dollar is attempting a rebound, but momentum doesn’t warrant a reversal yet. Sterling is the relatively stronger European major, but the break

The US dollar is at the best levels of the day after the ISM services report beat estimates, casting doubt on the recession talk. The July reading was 56.7 compared to 53.5 expected, boosting hopes that spending is making a smooth shift to services from manufacturing. Moreover, the measure of prices paid decelerated to 72.3

Gold in the national capital on Wednesday declined by Rs 208 to Rs 51,974 per 10 grams, according to Securities. The yellow metal had closed at Rs 52,182 per 10 grams in the previous trade. Silver also fell sharply by Rs 1,060 to Rs 57,913 per kg from Rs 58,973 per kg in the previous

Yen, Swiss Franc and Dollar turn softer with other markets trading in slightly upbeat tone. Traders are back to business as usual, after no substantial actions from China during the time US House Speaker Nancy Pelosi visited Taiwan. Australian Dollar is leading Canadian and Sterling higher. Euro is mixed for now. Focuses will turn to

USD/JPY followed through with further gains during the session here today, rising to near 133.90. As I post its come back from that area but is still higher on the session circa 133.30. There were mixed results elsewhere across the majors. EUR/USD has gained a few points while AUD/USD is close to unchanged on the

Gold slipped on Wednesday as the dollar and U.S. Treasury yields advanced after hawkish comments from Federal Reserve officials hinted at continuing aggressive interest rate hikes in the near term. FUNDAMENTALS * Spot gold was down 0.2% at $1,757.08 per ounce, as of 0105 GMT, after hitting a near one-month high of $1,787.79 on Tuesday.

Yen’s strong rally continues in Asian session today, with help from risk-off sentiment as well as extended decline in US benchmark yields. Stocks are trading lower while investors are cautiously waiting for any concrete action by China over US House Speaker Nancy Pelosi’s visit to Taiwan. Dollar and Euro are also mildly firmer with Swiss

It is still early but the major US stock indices are opening lower. After sharp rises in July, the major indices are now down for the 2nd consecutive day. A snapshot of the market currently shows: Dow industrial average -200 points -0.61% at 32593.62 S&P index is down -17 points at -0.43% at 4101.06 NASDAQ