News

US Treasury Secretary Yellen is speaking, mainly on oil and gas: We are making supply chains more resilient to protect us. They Keystone XL pipeline is up to Biden to decide, and it would take years to have an impact I do not see resuming the Keystone XL oil pipeline as a short term measure

NEW DELHI: Gold prices rose on Monday but elevated dollar prices dented bullion’s appeal. The dollar index hovered near its highest level in about two decades, making greenback-priced bullion less attractive for overseas buyers. Gold futures on were trading higher, rising about 0.17 per cent or Rs 86 at Rs 50,920 per 10 grams. However,

With equities slightly higher on the day, we are seeing the dollar keep a little on the defensive to start the new week. While the gains in stocks are still seen as a bit of a breather considering the beatdown last week, the greenback is also following suit as it continues more of a push

Overall markets are rather steady in Asian session today. Even the free falling crytocurrencies are stabilizing slightly. Major Asian indexes, except Nikkei, are treading water. Dollar and Yen are softening slightly with Sterling. Aussie and Euro and mildly higher. But most major pairs and crosses are just stuck inside Friday’s range. Sterling would be a

Investment in Sovereign Gold Bonds (SGBs) went up sharply during COVID-impacted years as investors looked for safer options amid volatility in equity markets with 2020-21 and 2021-22 accounting for nearly 75 per cent of total sales of the bonds since the inception of the scheme in November 2015. The next tranche of SGBs is scheduled

The dip in oil price and Treasury yields helped to turn the stock market, with the Nasdaq leading the way. The index is down 33% this year and the bear market probably won’t end after a 75 bps Fed hike and with Kashkari hinting that another one is coming in July. But bear market rallies

Gold prices fell on Friday, as the dollar and U.S. Treasury yields recovered after declining in the previous session and put bullion on track for its biggest weekly drop in a month. FUNDAMENTALS * Spot gold was down 0.6% at $1,845.89 per ounce as of 0104 GMT. U.S. gold futures were flat at $1,849.20. *

The major US stock indices are closing the day with mixed results: Dow industrial average is down -38.31 points or -0.13% at 29888.79 S&P index is up 8.09 points or 0.22% at 3674.85 NASDAQ index is up 152.26 points or 1.42% at 10798.36 Russell 2000 is up 15.85 points or 0.96% at 1665.69 Some details

NEW DELHI: Gold prices dropped on Friday, thanks to the firm US dollar and higher treasury yields, which weighed on the demand for the safe-haven metal. The yellow metal is headed for the biggest weekly drop since May. Gold futures on were trading lower, easing about 0.10 per cent or Rs 52 to Rs 50,934

I can’t remember many things that have ever fallen for 12 straight days but here we are. Bitcoin is down another $2420 today, breaking the $20,000 level and continuing lower to $18,171, which is scarcely above the session lows. This is the lowest since mid-December 2020 and there isn’t much in the way of support

Net reactions of the global markets to Fed’s 75bps rate hike were rather negative. Global stocks ended generally lower after initial recovery. Additionally, SNB delivered a surprised 50bps rate hike while BoE’s 25bps had a hawkish undertone with three members wanted more. BoJ stayed calm and kept interest rate unchanged while maintaining the 10-year JGB

New Delhi: Gold prices in the national capital on Friday rallied by Rs 416 to Rs 50,802 per 10 grams, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,386 per 10 grams. Silver also surged by Rs 1,014 to Rs 61,343 per kg from Rs 60,329 per kg in

The USD moved lower yesterday helped by the Swiss National Bank surprise tightening, and a string of weaker data. Today the story was different. The Bank of Japan kept rates unchanged and said that they would continue the put a ceiling on the 10 year yield by being a buyer. The industrial production was weaker

Dollar is paring some gains today as markets digest near term moves. But the greenback remains the strongest for the week, as markets are adding bets to more aggressive rate hikes by Fed this week, and at next month’s meeting. Yen is so far the next strongest, as supported by risk aversion. Aussie is so

New Delhi: Amid the rising inflation, the best hedge against inflation is running out of favour. Gold is not the first choice for investors to make or save their fortunes in these tough times. The rising bond yields and stronger dollars are denting the yellow bullion’s appeal as investors will have to pay more for

The price of WTI  crude oil  is settling -$7.26 lower at $107.99. That is for the August contract. For the July contract has its last day of trading on June 21. It settled at $109.56 down -$8.03 or -6.83%. The move lower has been helped by the stronger dollar, but is also be reflective of

Swiss Franc remains the strongest one for the week and stays firm into US session. Dollar is also regaining some ground, as the second best. On the other than, commodity currencies are the worst performing one, as led by Canadian. In other markets, European indexes are mildly in black while US futures are nearly flat.

The US Federal Reserve’s announcement that it is raising interest rates by 0.75 percentage points and will potentially follow up with further moves of a similar size led to some nervousness in the gold and silver markets. The metals remain tossed and torn between the inflation issue and the related tightening of monetary policy by