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It’s rather quiet as we count down to the US CPI report later in the day. As mentioned earlier, European morning trade is likely to feature a more muted and cautiously optimistic mood and that’s exactly that. The dollar is trading more mixed with light changes across the board: EUR/USD is still confined in a

NEW DELHI: Gold prices were trading flat on Wednesday as traders focused on US inflation data for rate cues after less hawkish comments from the Fed Chair, which fuelled a bullion rally last session. Fed Chairman Jerome Powell said the central bank was determined to ensure that high inflation did not become “entrenched” and that

Overall market sentiment is rather mixed for the moment. Despite the initial steep selloff overnight, major US indexes staged an impressive come back towards the end of the session. NASDAQ even eked out a slight gain. Gold is back above 1800 handle while Bitcoin appears to be supports by 40k for now. Investors are probably

The economic calendar was like today. However, Fed chair Powell was due testify on his renomination as Fed chair to the Senate Banking Committee. The expectations are that he will have bipartisan support, but the market was interested in hearing his take on the latest fear from the market. That is reducing the Fed’s balance

Gold price in the national capital on Tuesday jumped Rs 104 to Rs 46,606 per 10 grams, in line with a rally on international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,502 per 10 grams. Silver also gained Rs 408 to Rs 59,700 per kg

Overall mood in the market is positive today, major European indexes and US futures trading up. The question is whether US stocks, in particular NASDAQ, could build on yesterday’s strong rebound for some more gains. Benchmark treasury yields are firm globally. Gold and Silver also recover. In the currency markets, most major pairs and crosses

If anything, I’d say this owes to some continuation of flows from late yesterday after equities started turning around. The same goes for the yen, which is sitting slightly lower across the board as well. Looking at the technicals though: EUR/USD is still largely caught in rangebound territory since mid-November. The pair is up a

NEW DELHI: Gold prices were trading higher on Tuesday, supported by weaker US dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes. Markets anticipate quicker rate hikes based on key December US inflation data due later this week and Jerome Powells’s testimony in the evening, while

Euro turns softer in a quiet Asian session together with Swiss Franc, but Yen is even weaker. On the other hand, Aussie is ticking up slightly together with Loonie and Dollar. Overall, trading is rather subdued with major Asian stock indexes treading water in tight range, and Japan is on holiday. Focuses will turn to

Markets: S&P 500 down 7 points to 4670 Nasdaq flat (was down 2.7%) WTI crude do0wn 54-cents to $78.36 US 10-year yields down 1 bps to 1.76% after touching 1.80% JPY leads, CHF lags The yen was the star performer today as markets arrived in a bad mood. Rates moved up early and then tech

New Delhi: Gold in the national capital on Monday declined Rs 54 to Rs 46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities. The precious metal settled at Rs 46,502 per 10 grams in the previous trade. Silver also dipped by Rs 178 to

Yen rebounds notably as US futures take a dive just ahead of North American session, while European index also reverse earlier gains. While Dollar is dragged down by Yen, it’s somewhat still resilient against others. Selling is mainly seen in Swiss Franc and, to a lesser extent, Euro. Commodity currencies are mixed. We’ll have to

Treasury yields are continuing to soar to start the new year and one can argue that the selloff in bonds is perhaps one that is more technical, but also backed by a more hawkish Fed last week. This chart continues to highlight all of that: As things stand, 10-year Treasury yields are looking to break

NEW DELHI: Gold prices were trading lower on Monday amid firm US dollar and bond yields. Gold futures on MCX declined 0.20 per cent or Rs 94 to Rs 47,358 per 10 grams. Silver was down by 0.41 per cent or Rs 247 at Rs 60,360 per kg. Traders awaited December US inflation data that

Mass testing is underway today for the 14 million residents of Tianjin. It urban area borders on Beijing in what could be a huge problem for China. There’s no travel history for the cluster of cases, which were detected in a school. “The community spread may have been taking place for a certain period of

New Delhi: Gold price in the national capital on Thursday tumbled Rs 284 to Rs 46,700 per 10 grams in tandem with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,984 per 10 grams. Silver also dipped by Rs 1,292 to

The minutes of the FOMC meeting “shocked” the market this week, after the Fed said that they would look to decrease the Fed’s balance sheet. That typically comes from letting the maturing issues on the balance sheet run off without replacing them with new buys from the Fed. Since the start of the QE, the

NEW DELHI: The ninth tranche of the sovereign gold bond (SGB) scheme 2021-22 will open for subscription on Monday. This issue comes amid increased demand for bullion given heightened market risks. Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram for the previous tranche. There