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Oil is at session lows at the moment, down $1.40 to $91.51 Goldman Sachs is warning it could rise to $125 and that risks remain to the upside. In a note today, “In our view, until the uncertainty around the rapidly escalating situation is resolved, commodity price risk remains skewed to the upside, with further

New Delhi: Paring previous gains, gold prices in the national capital on Friday declined by Rs 1,274 to Rs 50,913 per 10 gram reflecting overnight fall in international market along with rupee appreciation, according to HDFC Securities. The yellow metal had closed at Rs 52,187 per 10 gram in the previous trade. Silver also plummeted

Global stocks continue to rebound today. The West’s refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue to take a back seat, and even another surge in US inflation doesn’t move markets. As for currencies, Aussie is

I mean, we already know the predisposition when it comes to China’s relations with Russia and the West. But the fact is that Russia’s move is certainly forcing China to “pick sides” even if it just means not doing anything and staying out of the picture. The only notable response from China is that they

NEW DELHI: Gold prices dropped sharply on Friday on profit-taking although remained at multi-month highs amid global geopolitical worries. The bullion investors reassessed the situation surrounding Russia’s invasion of Ukraine and fresh sanctions against Moscow from the West. Gold futures on MCX were trading lower by 1.05 per cent or Rs 553 at Rs 51,000

Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on safe-haven flows, together with Dollar. On the other hand, Euro is under heavy selling pressure together with commodity currencies. Technically,

This is one of the larger reversals in broad markets that you’ll see. It’s reminiscent of the high-drama moments as the pandemic was exploding and central banks were scrambling. Why the turnaround? The short answer is that sanctions weren’t as harsh as feared. Ultimately, Russia still has the ability to export virtual everything it was

New Delhi: Gold prices in the national capital rallied by Rs 1,656 to Rs 51,627 per 10 grams on Thursday on the back of safe-haven buying and sharp depreciation of rupee amid the Russia-Ukraine conflict, according to HDFC Securities. The yellow metal had closed at Rs 49,971 per 10 grams in the previous trade. Silver

Russia invasion of Ukraine remains the dominant theme in the markets today. Safe haven flow pushes gold to highest level in more than a year, marching towards 2k handle. WTI crude oil also surges pass 100 level, rising as it does in geopolitical tensions. In the currency markets, Yen and Dollar are overwhelmingly the strongest

There’s ZERO point in me wasting time on day like today rewriting what every over firm is writing, so I won’t. Instead, I recommend you check out Newsquawks awesome morning primer, linked below. Even has a podcast version, what more could you ask for?! Euro Market Open: Sentiment declines as Russia moves in on Ukraine;

NEW DELHI: Gold prices spiked on Thursday, moving towards multi-month highs, as investors rushed towards safe-haven amid global geopolitical worries. Ukraine declared an emergency and the West imposed more sanctions on Russia for sending troops into eastern Ukraine, while Moscow bombarded Kyiv. Gold futures on MCX were trading higher by 1.53 per cent or Rs

US stocks tumbled sharply overnight after the West unveiled a wave a sanctions on Russia’s invasion on Ukraine, and warned that more are underway. But other markets were pretty steady, with Asian markets trading mildly higher. Gold is struggling to stand above 1900 handle. WTI crude oil is also gyrating below 96. In the currency

Here is a stat that shocked me on Friday (and it’s only gotten worse this week): Half of the Nasdaq Composite is down 30% or more 40% of stocks are down 40% or worse 35% of stocks are down 50% or worse 28% of stocks are down 60% or worse We’re bordering on a 2000-style

New Delhi: Gold prices fell by Rs 126 to Rs 49,960 per 10 grams here on Wednesday amid a decline in international prices along with gains in the rupee, according to HDFC Securities. The yellow metal had closed at Rs 50,086 per 10 grams in the previous trade. Silver was almost flat on Wednesday at

The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar are under some selling pressure. Euro and Sterling are mixed despite hawkish comments from ECB

Gold has been one of the bigger beneficiaries in this whole Russia-Ukraine episode but as risk fortunes start to turn, we’re not seeing a material unwind in gold just yet. I mean, it may still a bit early so there’s nothing wrong with that. But often times, markets tend to act first and then work

NEW DELHI: Gold prices dropped on Wednesday, bucking the firm global trend, with futures on MCX trading lower by 0.31 per cent or Rs 158 at Rs 50,170 per 10 grams. The safe-haven demand was offset by a rise in US treasury yields. Higher yields and interest rate hikes dent the appeal of bullion by

Market sentiment sinks deeply after Russian President Valdimir Putin declared recognition of independence of the breakaway regions of eastern Ukraine, and ordered troops to enter the regions, which is seen as risk of imminent invasion. Coordinated sanctions on Russia are expected shortly from the US and allies, including the UK, France and Germany. It seems