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Dollar is trading broadly higher today, with help by upside breakout against Yen. The greenback on remains firm after record PPI reading. Sterling is currently the second strongest, followed by Euro. On the other hand, New Zealand Dollar is trading as the worst performing, even after RBNZ’s 50bps hike. Kiwi followed by Aussie and and

A snippet from a TD Securities note on gold Our tracking of the aggregate net positions held by Shanghai’s largest traders long and short suggests that this cohort has increased their gold length to its highest levels in the past twelve months, supporting prices while Comex shorts have largely been wiped out and ETF inflows

New Delhi: Gold declined by Rs 179 to Rs 52,358 per 10 grams in the national capital on Tuesday, reflecting an overnight fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 52,537 per 10 grams. Silver also went lower by Rs 317 to Rs

Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it’s pressing a long term resistance level at 125.85. Meanwhile, it ticks down against European majors, which are recovering. On the other hand, Dollar is extending rebound against

The major US indices are opening higher after sharp declines yesterday. Yesterday saw: Dow fall -413.04 points S&P fall -75.73 points Nasdaq fall -299.04 points Today the snapshot 10 minutes after the opening is showing: Dow industrial average is trading up 250 points or 0.73% at 34559 S&P index up 40 points or 0.91% at

LONDON – OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China. In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said world demand

Dollar drops in early US session together with treasury yields after consumer inflation data. While headline CPI came in higher than expected, core CPI’s pick up missed expectations. Commodity currencies are trading generally higher as US futures point to a rebound in major stock indexes. European majors are also attempting a recovery but momentum is

National Australia Bank Business Survey for March 2022 The confidence number is sentiment-based while the conditions number is more objective. Business confidence comes in at +16 Business conditions is +18 Solid rises for both of these measures, conditions the stand-out though. Some of the sub-measures: sales 24 (from 11) profitability 13 (from 5) employment index

New Delhi: Gold rallied Rs 304 to Rs 52,302 per 10 gram in the national capital on Monday in line with strong global trends, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,998 per 10 gram. Silver also jumped Rs 508 to Rs 67,407 per kg from Rs 66,899

Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc follow. UK data will be the main focus in European session while US calendar is empty. Nevertheless, more volatility is

The major US stock indices are off to a lower start to the trading week. Higher rates and slower growth continue to weigh on the major indices. A snapshot of the market currently shows: Dow industrial average is down -54 points or -0.15% at 34671 S&P is down -28.68 points or -0.64% at 4460 NASDAQ

Yen’s selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the other hand, Japan 10-year JGB yield is staying comfortably below BoJ’s 0.25% cap. Euro and Dollar are currently the strongest

New Delhi: Sebi on Monday came out with a new framework for evaluating risk level of commodities — gold and gold- related instruments — in which mutual funds are permitted to invest on risk-o-meter. In a circular, the markets regulator said it has been decided that investment in such commodities by the mutual fund schemes

Somewhat surprising, gold prices remained rangebound in recent weeks despite the war in Ukraine still raging with no solution in sight. The market is currently facing tailwinds from very strong safe-haven demand and headwinds from a strengthening US dollar and rising real US bond yields. Looking ahead, the key question for gold remains if economic

China reported a seventh consecutive day of record covid cases at 24,101 with 21,222 of those in Shanghai as the outbreak continues to spread. Mass testing is continuing and there’s no end in sight to a lockdown that was supposed to end April 5. Traffic at the airport is largely grounded and the world’s largest

New Delhi: India’s gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on account of higher demand, according to official data. Gold imports were worth $34.62 billion in 2020-21. The surge in gold imports during the last financial year

There’s no end in sight to the lockdown measures restricting 25 million people and the world’s largest port in Shanghai. Daily infections rose to 23,624 nationally in China with the vast majority in Shanghai. A new round of mass testing was ordered and lockdowns are no expected to last through the month. Difficulties in getting

Gold prices inched lower on Thursday as the U.S. dollar firmed after minutes of the Federal Reserve‘s March meeting indicated an aggressive stance to combat inflation, denting the safe-haven metal‘s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,922.08 per ounce by 0125 GMT. U.S. gold futures rose 0.2% to $1,926.10. * The dollar