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April 21: Gold prices dipped on Thursday, tracking a rebound in U.S. Treasury yields and the dollar, which continued to weigh on demand for safe-haven bullion. FUNDAMENTALS * Spot gold was down 0.2% at $1,953.21 per ounce, as of 0039 GMT. U.S. gold futures were nearly flat at $1,956.20. * U.S. Treasury yields firmed after

Elon Musk is continuing his quest to buy twitter and dropping hints about a tender offer. At the same time, there’s this… The latest episode starts with a ‘leak’ of screenshots from Elon Musk’s telephone of SMS messages between him and — allegedly — Bill Gates. They have an appointment to meet at 720 Wednesday

Oil prices fell on Friday, heading for a drop of nearly 4% for the week, burdened by the prospect of rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil. Brent crude futures slid 81 cents, or 0.8%, to $107.52 a barrel

The US dollar is at the highest levels since the dawn of the pandemic and has surged higher today. What’s happening? In short, the market is no longer convinced that global central banks can tame inflation without a major hit to growth. Maybe that’s not a recession but it’s a much slower growth paradigm than

International gold started the week on a positive note and closed near key $2000/oz level but lost momentum and is now set for its first negative weekly close in three weeks. Gold has corrected over 3 per cent from the recent highs and is down about 1.5 per cent on the week. Gold came under

Speculations on aggressive Fed tightening intensified sharply last week after a chorus of hawkish comments from policy markets. Markets are indeed pricing in near 70% chance of federal funds rate at 1.50-1.75% by the end of first half, i.e., 125bps above current level. Stocks tumbled sharply towards the end, with DOW suffering the worst day

Markets: Gold down $19 to $1932 WTI crude down $2.54 to $101.23 US 10-year yields flat at 2.90% S&P 500 down 122 points, or 2.8%, to 4271 Nasdaq hits a six-week low USD leads, AUD lags For the second day, the market started out in a decent mood and imploded in a move that looks

NEW DELHI: Gold prices bucked the weak global trend to rise marginally in early trade on Friday but the upside remained capped amid firm US Treasury yields and a stronger dollar. The yellow metal, meanwhile, was headed for its first weekly losses in three. Gold futures on MCX added 0.16 per cent or Rs 86

Overall markets are relatively mixed. Euro’s rebound attempt yesterday was rather disappointing, but it’s nonetheless still the best performer for the week. Dollar staged a strong rebound overnight, with help from hawkish Fed and rising yield, but there is no clear follow through buying yet. Commodity currencies were generally hammered by risk off sentiment. Yen

The major European  indices  are ending lower on the day. For the week, the German Dax is near unchanged while the other indices are mostly lower: On the day: German DAX, -2.38% France’s CAC, -2.0%. UK’s FTSE 100 -1.3% Spain’s Ibex -1.96% Italy’s FTSE MIB -2.0% For the trading week: German DAX, unchanged France’s CAC,

New Delhi: Gold prices spurted by Rs 263 to Rs 52,472 per 10 grams in the national capital on Friday in line with firm global trends, according to HDFC Securities. The precious metal finished at Rs 52,209 per 10 grams in the previous trade. Silver also moved higher by Rs 500 to Rs 67,707 per

Sterling drops broadly today as weak UK retail sales data argues that the expected consumption drag from high inflation might have arrived already. Aussie is currently the second worse for the day, then Kiwi. On the other hand, Dollar is rebounding broadly, followed with help from risk aversion again. Yen also strengthens slightly in tight

Japanese Finance Minister Suzuki escalated his verbal intervention in the yen in remarks today. Suzuki conveyed key points from a meeting he had with US Treasury Secretary Yellen, among them that he explained to Yellen that recent yen falls are rapid, but that he did not express concerns over the movement. Suzuki went on to

NEW DELHI: Gold prices eased on Thursday, following a rebound in US treasury yields which dented sentiments for bullion demand. US bond yields have marched higher on expectations that the Federal Reserve will aggressively hike interest rates as inflation accelerates at its fastest pace in 40 years. Gold futures on MCX dropped 0.11 per cent

Inflation data were the main drivers in the forex markets in the past 12 hours. New Zealand Dollar turned slightly weaker after Q1 CPI came in lower than expected, despite surging to 30-year high. On the other hand, Canadian Dollar remains supported by the stronger than expected CPI readings released overnight. Dollar’s retreat appears to

Industrial demand is a great leading indicator for the global economy. Companies producing steel (Nucor and Steel Dynamics) and aluminum (Alcoa) get early insights on demand via their order books. All three reported earnings in the past 24 hours and here are what they have to say about the global economy. Nucor from the press

New Delhi: Gold prices declined by Rs 46 to Rs 52,357 per 10 grams in the national capital on Thursday in line with weak global trends, according to HDFC Securities. In the previous trade, gold had finished at Rs 52,403 per 10 grams. Silver also declined by Rs 103 to Rs 67,968 per kg from

Euro rebounds strongly today as some ECB policymakers continued to talk up the chance of a July rate hike. Canadian Dollar is following as second strongest, continuing to be supported by strong inflation data. Dollar is not performing too badly for now, as third strongest. On the other hand, New Zealand Dollar remains under pressured