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New Delhi: Gold prices declined by Rs 134 to Rs 50,601 per 10 grams in the national capital on Wednesday in line with global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 50,735 per 10 grams. Silver also declined by Rs 169 to Rs 62,787 per kg

Major forex pairs are generally stuck inside yesterday’s range as markets await FOMC rate decision. Swiss Franc is the exception, though, as the selloff against Euro spreads to other Franc pairs. Dollar and Canadian are the next weaker ones. On the other hand, Aussie and Kiwi are the firmer one while Euro and Sterling are

Looking at things, it’s quite a straightforward situation for USD/JPY at the moment; all things considered. The pair has been on a tear amid the surge higher in Treasury yields as well, with a broader dollar rally also exacerbating the upside push from 120.00 to 130.00 in the past two months. We’re now holding at

NEW DELHI: Gold prices dropped on Wednesday as higher US Treasury yields weighed on sentiments for the yellow metal and investors awaited the Federal Reserve monetary policy outcome. While gold is seen as an inflation hedge, higher short-term US interest rates and bond yields tend to increase the opportunity cost of holding non-yield bullion. Gold

Overall, the markets are pretty quiet as focuses turns to Fed’s rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger ones for the week, but they only have a slim advantage over the greenback. Sterling is the worst, followed by

MUFG Research discusses GBP tech, quant and macro outlook. “Unsurprisingly technical indicators are signalling that the GBP is now heavily oversold against the USD in the near-term which increases the likelihood of a temporary relief rally. The 14-day RSI has reached its lowest level since March 2020. At the same time our short-term regression model

Akshaya Tritiya, it is very important to see how the gold prices have moved and what to expect over the next few months. There are several factors which have contributed to gold’s movement in the past few years — pandemic being a major one. Now, the focus will be shifting towards geopolitics, inflationary concerns and

Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow’s FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA’s hawkish rate hike. Yet, there is no clear follow through buying in Aussie. European majors, on the other hand, are trying to

The market had more or less priced in a 15 bps rate hike by the RBA coming into the decision, so most players were prepared for a potential “go big or go home” moment in case the central bank did not hike or chose to hike by 40 bps instead. But the RBA surprised with

As a long-standing tradition in Indian culture, investing in gold during Akshaya Tritiya is considered very auspicious. However, purchasing gold jewellery and physical gold comes with a huge mark-up With a 3 per cent GST paid upon purchase, added charges on making, design, and storage of gold tend to erode its value. Yet our country

Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest one for the day, followed by Dollar and Yen. Apparently, overall development suggests steady risk sentiment, but that may not

Prior was 57.1 Prices paid 84.6 vs 87.5 expected (87.1 prior) New orders 53.5 vs 53.8 prior Employment 50.9 vs 56.3 prior Inventories 51.6 vs 55.5 prior Consumers’ inventories 37.1 vs 34.1 prior This reading matched the Sept 2020 low. It will be interesting to see how the market handles sliding ISM manufacturing numbers. Companies

New Delhi: Gold in the national capital on Monday plunged Rs 745 to Rs 50,936 per 10 grams in line with the fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,681 per 10 grams. Silver also tumbled by Rs 1,228 to Rs 63,028

Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed’s rate hike, and forward guidance later in the week. Yen’s trading tone is so far positive, as risk markets lack buyers. Commodity currencies are weak together with Euro and Sterling. Aussie is the relatively steadier one as markets await tomorrow’s RBA

The greenback continues to stay buoyed in the lead up to the FOMC meeting on 4 May this week, as it is sitting higher across the board so far today. USD/JPY is up 0.4% to 130.30 levels as buyers are looking to hold a push above the pivotal 130.00 mark: That remains the key line

NEW DELHI: Gold prices dropped sharply on Monday, tracking higher US treasury yields which dented demand for the yellow metal. Markets are expecting a big interest rate hike by the Federal Reserve to contain rising inflation. The US central bank’s Federal Open Market Committee is scheduled to begin its two-day meeting on interest rates on

Dollar rises broadly again today but Asian session is a bit quiet with China and Hong Kong on holiday. Selling mainly concentrates on Aussie and Kiwi, with both breaking through last week’s lows. But Euro and Yen are not too far away. Sterling and Canadian are mixed for now. Three central banks will hike interest

SINGAPORE: Oil edged lower on Friday as China‘s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices. Brent crude futures dipped 4 cents to $107.55 a barrel by 0040 GMT after rising 2.1% in the previous session. The front-month