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New Delhi: The bullion market saw a swift recovery ahead of the festive season in India and the prices of precious metals rallied. However, the bullion has eased after the festive euphoria fizzled out. The prices of spot silver have declined more than Rs 6,000 per kilogram after November 15, the month’s high. The white

The RBA is widely expected to leave the cash rate unchanged at 0.1%. Given the mixed economic data flow since the last meeting, the uncertainty of the Omicron variant and the scheduled discussion about asset purchases in February, policymakers would stand pat at the upcoming meeting. They would also reinstate that a rate hike next

New Delhi: Gold in the national capital on Monday gained Rs 29 to Rs 46,974 per 10 gram supported by rupee depreciation despite weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,945 per 10 gram. Silver, however, dipped Rs 149 to Rs 60,137 per

The markets are relatively quiet in Asian session today. Major Asian indexes are mixed despite steep selloff last Friday. Currencies are bounded inside tight range, with Swiss Franc and Yen consolidation some of recent gains. Aussie and other commodity currencies also recover mildly. Gold and oil prices are also staying in tight range. Nonetheless, big

Gold prices eased on Thursday hurt by a firmer , as investors assessed how central banks are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron coronavirus variant. FUNDAMENTALS * Spot gold XAU= fell 0.1% to $1,780.36 per ounce by 0050 GMT. U.S. gold futures GCv1 dropped 0.1%

Both official and Caixin’s PMI reports suggest that China’s economic recovery remains fragile. Slipping into the contractionary territory, Caixin’s manufacturing PMI dropped -0.7 point to 49.9 in November. The official manufacturing PMI, however, climbed +0.9 point to 50.1 during the month, reclaiming expansion for the first time in 3 months. Both reports suggested stronger output

Preliminary estimate came in at 56.5. Services index comes in at 58.0 up from 57.0 in the flash estimate Markit PMI composite 57.2 versus 56.5 preliminary Services index 58.0 vs 57.0 preliminary Chris Williamson, the chief business economist at IHS Markit says: “US business activity continued to grow at a solid rate in November, adding to signs that

TOKYO: prices rose on Thursday, reversing the previous day’s losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could weigh on the global economy and fuel demand. U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT,

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ISM services PMI index for November prior month 66.7 new orders 69.7 versus 64.0 estimate. Last month 69.7 employment index 56.5 versus 52.2 estimate. Last month 51.6 prices paid 82.3 versus 80.9 estimate. Last month 82.9 business activity 74.6 versus 69.8 in October supplier deliveries 75.7 versus 75.7 last month backlog of orders 65.9 versus 67.3

NEW DELHI: Gold prices eased on Thursday hurt by a strong dollar but concerns on virus uncertainty capped downside. Meanwhile, investors also assessed central bankers’ next moves as they are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron variant. Gold futures on MCX were down 0.20 per

Just as the world is concerned and confused with the newly discovered Omicron, Fed Chair Jerome Powell stirred up the markets further, by talking up faster tapering. The biggest reactions were found in US treasury yields on strong safe-haven flows. Major stocks indexes also turned sharply lower, solidifying the case of medium term correction. In

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Indraprastha Gas Limited () has hiked CNG prices in Delhi, Haryana and Rajasthan. The CNG prices have been hiked with effect from 6 a.m. today “With effect from 6 am on 4th December 2021, @IGLSocial revises its CNG retail price in NCT of Delhi, Haryana & Rajasthan,” IGL tweeted. Here are the prices in your

Forex news for North American trading on December 3, 2020 It will be an early close for Forexlive this weekend as our technology staff takes over with some changes.   Today the focus was on the US jobs report and although payrolls was much less than expectations at 210K vs 550 estimate, there was nevertheless some underlying strength.  Prior month revisions

Gold was set for a third straight weekly drop on Friday, weighed down by signals from Federal Reserve officials that the central bank could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation. FUNDAMENTALS * Spot gold rose 0.1% to $1,771.04 per ounce by 0056 GMT after hitting

Canadian Dollar rises strongly entering into US session, as boosted by much stronger than expected job data. On the other hand, Dollar is struggling to react to mixed non-farm payroll data. As for today, the Loonie is the strongest one, followed by Swiss Franc and Euro. Aussie and Kiwi are so far the worst. But,