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London copper prices jumped more than 2% on Thursday, boosted by improved risk sentiment after the U.S. Federal Reserve struck an upbeat tone on economic recovery, while a halt to production at a major mine in Peru exacerbated supply concerns. Three-month copper on the London Metal Exchange was up 2% at $9,385 a tonne, as

It was a very volatile week full of central bank surprises. Fed indicated that there would be as many as three rate hikes next year. BoE surprised by raising the Bank Rate. Even ECB turned out to be less dovish as expected. But in the end, if was the late selloff in the stock markets

Kolkata: Gold is set to become costlier in India due to a weakening rupee, which may dent demand in the upcoming wedding season, but long-term investors in the yellow metal can hedge themselves against the price rise and benefit from it, said industry executives. Gold prices have increased Rs 250-300 per 10 grams as the

Sterling rises broadly after BoE surprised the markets by raising interest rates and maintains a hawkish tone. Solid risk-on sentiment as well as strong job data boosts Aussie as the second strongest. Euro is not performing badly after ECB announces to end PEPP net purchases in March. Indeed, the common currency is trying to catch

New Delhi: Capital markets regulator Sebi on Thursday came out with a framework pertaining to cut-off time for generation of last risk parameter file used for collecting margins from commodities traders. Also, the regulator modified the framework prescribed for enabling verification of upfront collection of margins from clients in commodity derivatives segment. The new framework

Investors are back in risk-off mode after a week of volatility. Yen is rising broadly, followed by Swiss Franc and Dollar. On the other hand, commodity currencies are back under some pressure. Euro and Sterling are both mixed. The question is whether pre-weekend selloff in stocks would intensify and push Yen and Franc to end

NEW DELHI: Gold prices climbed on Friday as the dollar weakened after the US Federal Reserve decided to withdraw its pandemic-era stimulus in response to fight broadening inflationary risks. The yellow metal is poised for its best weekly performance since mid-November. The US Fed said it would pave the way for three quarter-percentage-point interest rate

Overall markets are rather mixed so far, as guided by the volatile risk sentiment. There is no clear follow through moves in the markets. Sterling is the strongest one for the week so far, after the surprised BoE rate hike. But Swiss Franc is the second strongest, as helped by some safe haven flow. Canadian

MELBOURNE: prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a

The ECB meeting came largely in line with expectations. While leaving the policy rates unchanged, the members confirmed that the PEPP program would end in March 2022. Meanwhile, they have extended the reinvestment process and topped up the APP program, as means to continuously provide liquidity to the market. The staff economic projections saw sharp

New Delhi: Gold price in the national capital on Monday gained marginally by Rs 17 to Rs 47,869 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,852 per 10 gram. Silver surged Rs 444 to Rs 64,690 per kilogram from Rs 64,246

Dollar initially surged after Fed decided to double tapering pace and indicated there could be as many as three rate hikes next year. Nevertheless, the rally attempted was choked off by strong risk-on rally in stocks. Investors seemed to be relieved that firstly, Fed is still cautious on the developments with Omicron. Secondly, the uncertainty

Gold prices inched higher on Thursday as the eased, while investors shifted their focus away from the U.S. Federal Reserve to other key central bank meetings. FUNDAMENTALS * Spot gold was up 0.2% at $1,780.63 per ounce by 0135 GMT. U.S. gold futures rose 0.9% to $1,780.20. * The dollar index moved lower from a

FOMC delivered a hawkish outlook at the December meeting. Besides doubling the size of tapering as we had anticipated, more than two-third of the members have projected at least 3 rate hikes next year. The latest economic projections suggest that inflation could rise to +5.3% this year before easing. Both headline and core CPI are

SPDR Gold Shares has seen net outflows of about $10.4 billion so far this year, the most since 2013, and equivalent to about 190 tons of bullion, according to the marketing agent for the fund. It’s come alongside declining gold prices as central banks start to pare back pandemic-era stimulus, though the emergence of the

While Dollar is so far the strongest one for the week, there is clearly no follow through buying. The greenback is stuck in range against most others with traders on the sideline ahead of FOMC. Canadian and New Zealand Dollars are the two exceptions, which are already breaking through near term support against Dollar. We’ll

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be “more comfortable” in 2022, the International Energy Agency said on Tuesday. The oil market “appears to stand on a better footing than it has for some time,” the IEA wrote in its latest monthly report. The emergence