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Gold prices are set for a negative year in 2021. The metal’s prices in India have declined by more than 4% till now on improved investment sentiments for riskier assets. Gold gave tremendous returns in 2019 and 2020, at 13% and 26%, respectively, on the trade war and pandemic rally. Investors have varied opinions on

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> Russia’s readout of the Putin-Biden phone call Thursday USD There is not much of substance in this. There usually is not though. Hard issues are often kept behind closed doors. Eamonn Sheridan Thursday, 30/12/2021 | 22:38 GMT-0 30/12/2021 | 22:38 GMT-0 Headlines via Reuters: Kremlin aide: says they agreed that presidents and aides would

NEW DELHI: Gold prices traded higher in the final session of 2021, but are set for the worst performance in the last six years. Gold futures on MCX gained 0.11 per cent or Rs 55 at Rs 47,940 per 10 grams. Silver futures were up 0.15 per cent or Rs 96 at Rs 62,256 per

Overall outlook in the markets are unchanged, with US futures pointing to slightly higher open. DOW and S&P 500 could continue their record runs. Selloff in Yen remains the main theme while Sterling is strong together with Aussie and Kiwi. Euro and Dollar are both soft and bounded in range against each other. Technically, a

At this time last year Cathie Wood’s star was shooting higher after a sensational year but the more she tweets, the harder it is to believe she’s anything more than lucky. It’s tough to take shots at someone who has delivered +300% annualized returns for a number of years but with the fund growing massively

Gold prices declined by Rs 98 to Rs 46,688 per 10 gram in the national capital on Thursday in line with weak global cues, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,786 per 10 gram. Silver also tumbled Rs 699 to Rs 60,024 per kg from Rs 60,723

Selloff in Yen continued as DOW was pushed to new record by risk-on sentiment, while US benchmark treasury yield also jumped. Dollar is also under some pressure together with Canadian and Euro. On the other hand, Sterling continues to be the outperformer, leading Aussie in the race. With easing fear on Omicron, the markets look

Erdogan is famous for his unorthodox policies and the latest one last week is no exception. He announced that the government would guarantee returns on lira deposits, at a rate similar to those on foreign currency. That essentially makes up for any further depreciation in the lira. An example: If the lira falls 20% annually

NEW DELHI: Gold prices traded in the red on Thursday, but the fall was capped by a weaker dollar, which makes bullion attractive for holders of other currencies. Gold was on track for its biggest annual decline since 2015, having fallen nearly 5 per cent so far this year. Analysts have said gold trading is

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -1891 mmb to 1184.59 mmb in the week ended December 24. Crude oil inventory dropped -3.58 mmb to 420 mmb, compared with consensus of a +3.09 mmb increase. Inventory decreased in 3 out of

The city of Xian is in its 7th day of strict lockdown after 151 cases reported yesterday. Xian has now banned all outings from home aside from mass testing. Previously, one person per household was allowed out every two days to buy essentials. The outbreak is said to be delta but inevitably China will be

New Delhi: Gold price in the national capital on Wednesday declined by Rs 216 to Rs 47,010 per 10 gram in tandem with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 47,226 per 10 gram. Silver also tanked Rs 179 to Rs 61,348

Risk-on sentiment is somewhat taking a breather as S&P closed slightly lower after making new high. But Yen remains overwhelmingly the worst performing one for the week, followed by Kiwi and then Euro. On the other hand, Sterling is currently the strongest one together with Swiss Franc, thanks additional to Euro’s weakness. Aussie is firm

Let’s cut right to the chase. With the Fed set to hike rates next year, Treasury yields are staying supportive for the time being – more so on the short-end of the curve. But the question is, how much of those rate hikes have already been factored into the equation? Fed fund futures have already

NEW DELHI: Gold prices traded flat with a negative bias on Wednesday as a boost from weaker US Treasury yields countered the impact from a slight improvement in risk sentiment. Analysts said that gold trading is likely to remain thin and range-bound this week, whereas rising cases of Omicron variant may add to bullion’s appeal.

Australian Dollar rides on solid risk-on sentiment and rallies broadly today. US futures point to higher open while S&P 500 would extend record run. Swiss Franc is surprisingly firm too but it’s helped by selloff against Euro, together with Sterling. Dollar is currently the worst performing, together with Canadian and Yen while Euro is not

S&P 500 futures +0.3% Nasdaq futures +0.5% Dow futures +0.3% It’s all looking good for stocks but again, just be wary that we’re navigating through thin liquidity conditions. It is hard to trust moves during the festive season to New Year’s period so keep that in mind. I’d wait on any follow through next week