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NEW DELHI: Gold prices were trading almost flat on Wednesday as the weakness in the dollar was balanced by rate-hike fears by the US Fed next week. The yellow metal failed to make the most of a pullback in the dollar, with demand for bullion being restrained amid prospects of aggressive monetary policies and rising

New Zealand and Australian Dollar trade broadly higher on the back on improving market sentiment. Asia indexes are tracking US stocks higher. On the other hand, Dollar continues to extend its near term correction, in particular against commodity currencies. Yen is also under some pressure. Meanwhile, European majors are mixed for now, waiting for UK

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Gold in the national capital on Tuesday rose by Rs 6 to Rs 50,290 per 10 grams amid firm global trends, according to Securities. In the previous trade, the yellow metal settled at Rs 50,284 per 10 grams. Silver, however, dipped by Rs 137 to Rs 55,539 per kg from Rs 55,676 per kg in

Dollar’s correction continues today and falls broadly. US stocks point to stronger extended rebound. Yen is also weak. Kiwi is currently the strongest, followed by Australian. Euro and Swiss Franc are next. In particular, Euro is lifted by reports that ECB would consider both a 25bps and 50bps hike this Thursday. Sterling also follows Euro

ECB week and ECB sources “leaks”. What else is new. After the report here, markets have adopted the narrative that the ECB is going to hike rates by 50 bps this week instead of the proposed 25 bps that policymakers have been touting in the past two months. As things stand, money markets have now

NEW DELHI: Gold prices retreated mildly on Tuesday on the back of a strong dollar. However, the yellow metal was range bound as investors refrained from making big bets over Fed’s meet outcome. Market participants are now anticipating a 75-basis-point hike by the Fed at its July 26-27 meeting. The European Central Bank and the

Australian Dollar trades mildly higher in Asian session, after RBA minutes affirmed that further tightening is underway. New Zealand is also supported by somewhat steady risk sentiment. Canadian Dollar is also limited after WTI crude oil rebounded and regained 100 handle. Euro and Dollar are the softer ones for now, followed by Sterling, which awaits

This snippet comes via eFX. For bank trade ideas, check out eFX Plus . For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here . Goldman Sachs maintains a short NZD/CAD position in spot targeting a move towards 0.7850. “We have

LONDON -Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies as concerns over gas supply from Russia mounted, offsetting demand fears brought on by a possible recession and China lockdowns. Brent crude futures for September settlement rose by $4.41, or 4.26%, to $105.65 a barrel by 1235 GMT, having gained

Dollar, Yen and Swiss Franc are both under some selling pressure today, as overall risk sentiment improved. Sterling is currently the winner and Euro is not too far behind. Canadian Dollar leads commodity currencies, as Kiwi is somewhat lagging despite strong inflation data. The picture will depend on whether stock markets in the US could

UPCOMING EVENTS: Monday: NAHB Housing Market Index. Tuesday: US Housing Starts and Building Permits. Wednesday: UK CPI, Canada CPI. Thursday: BoJ Policy Announcement, ECB Policy Announcement. Friday: S&P Global US, EZ and UK PMIs. The FOMC entered its blackout period ahead of the July meeting next week. We left the markets with a positive tone

NEW DELHI: Gold prices were trading higher on Monday, thanks to the pullback in the US dollar. The dollar slipped against its rivals, moving further away from a near 20-year high hit last week, making greenback-priced bullion less expensive for buyers holding other currencies. Gold futures on were trading higher about 0.45 per cent or

Risk sentiment is positive as another week starts, with major Asian indexes trading higher while Japan is on holiday. Dollar is extending its near term pull back while Yen and Swiss Franc are also soft. On the other hand, New Zealand Dollar is lifted slightly by stronger than expected consumer inflation data, while Aussie and

New Zealand inflation data for the April to June quarter is due. Its expected to show a slower upward pace than was recorded q/q in Q1 although y/y is still seen as rising. The Reserve Bank of New Zealand is set on a rate hike path. It would take a reading well below consensus to

Gold prices in the national capital on Friday fell by Rs 293 to Rs 49,970 per 10 grams amid decline in international precious metal prices, according to Securities. In the previous trade, the yellow metal settled at Rs 50,263 per 10 grams. Silver also tumbled by Rs 1,075 to Rs 54,326 per kg from Rs

US President Biden travelled to the Middle East to plead for higher oil output. I’ve seen plenty of “No, actually he went for …” . Sure, he had meetings on other issues, but for Biden, oil is the big concern right now. US mid-term elections are right around the corner and angry motorists will need

Precious metals, which rallied in the first half of the current calendar, have lost steam. They have seen deep cuts over the last few weeks, barely holding the key psychological levels. Market experts said the interest rate hikes amid inflationary pressures have dented the appeal of the safe-haven metal. Silver slipped below the Rs 55,000