Gold rose in Asia on Wednesday morning, with investors digesting mixed inflation data from China to the U.S. on Thursday. Gold futures rose 0.12% to 89,896.65. The dollar, which usually moves in the opposite direction to gold, is the 10-year U.S. dollar. Treasury yields have been at an all-time low for more than a month….
Markets saw a negative day of trading as board profit bookings weighed. Bank Nifty fell Nifty .1 0.1% and both indices closed in the red. Large-cap stocks such as Reliance, ICICI Bank, and SBI saw long positions unaware as profit bookings weighed. The Nifty Midcap 100 index closed 0.6% lower. The market width ended in…
Markets saw a negative day of trading as profit bookings were seen in major financial stocks. Bank Nifty cut the Nifty index by 1% and both indices ended in the red. Bank stocks such as SBI, ICICI Bank, HDFC Bank, and Kotak Bank saw long positions unaware as profit bookings weighed. The Nifty Midcap 100…
Gold fell in Asia on Tuesday morning, hovering below $ 1,900 as investors waited for more traces later in the week to measure inflationary pressure. Gold futures are down 0.03% at 89,898.30. The dollar, which normally moves in the opposite direction to gold, was the terminal but was lower than the three-week high of 90.627…
Concerns over the weakening global recovery for crude and fuels extended oil prices’ losses on Tuesday on data that showed a drop in China’s oil imports in May. Overnight, Brent crude was down 49 cents, or 0.7%, to $ 71.00 a barrel at 0643 GMT. U.S. Oil was down 44 cents, or 0.6%, at $…
Copper prices fell on Monday as investors feared weaker-than-expected trade data from top consumer China. China’s copper imports fell 8% in May over the previous month as higher prices further dampened buying interest, beating overall export growth analysts’ expectations. “When we receive data like this from China, it shows the risk that their rapid growth…
Brent topped $ 72 a barrel for the first time since 2019 as it faced concerns about an overall COVID-19 vaccine release worldwide, such as OPEC + supply discipline and recovery in demand. The Organization of the Petroleum Exporting Countries and its allies said they would abide by the supply restrictions agreed on Tuesday. A…
Despite the relentless noise in the markets about price pressures, the gold bullion can be heard as the yellow metal could not accumulate above $1,900 for the second straight week on Friday. A mixed U.S. Jobs’ image helped transcend the other standard of gold – a haven – to crawl near the $1,800 levels that…
Markets saw a cheap trading day and long positions with key indices were unknown. Bank Nifty cut Nifty by 1% and both indices declined. Financial stocks such as HDFC Bank, SBI, and ICICI Bank were among the best performers. The Nifty Midcap 100 index closed higher by 0.75%. The market width ended in favor of…
Gold fell in Asia on Friday morning, hitting a two-week low and recording its worst week in three months. Positive U.S. Employment data boosted dollar and bond yields, and investors were concerned about the reversal of stimulus measures. Gold futures are down 0.07% at $ 1,871.90 below $ 1,900. The dollar, which normally moves against…
