Due in part to a minor increase in the offshore Chinese yuan and a decline in the dollar index, the Indian rupee ended the day on Wednesday slightly higher. After closing at 83.15 in the previous session, the rupee closed at 83.1225 versus the US dollar. The dollar index fell 0.4% to 103.07, and the…
Oil rose in Asia on Wednesday morning, with strong economic recovery from key consumers boosting fuel demand and filtering inflated cargo. Investors are now waiting for a meeting of petroleum exporting countries and allies (OPEC +) for clues on manufacturers’ policy. Brent oil futures rise 0.59%. 75.25 and WTI futures were up 0.47% at $…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
Zinc prices in the global market are expected to remain stable over, $2,750 per ton. The rest of this year decreasing surplus, supply disorders including smelting, Chinese demand, and redemption in the world Economy. Zinc prices hit a three-year high of $ 3,085 per tonne last month but slipped after that. Currently, zinc three-month contracts…
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….
China has agreed to trade crude oil and palm oil options on the Shanghai International Energy Exchange and the Dalian Commodity Exchange, respectively, its bond regulator said Friday, adding some products that are open to foreign participants in the trade. Crude oil options will start trading on June 21 and palm oil options on June…
Gold rose in Asia on Monday morning against a weaker dollar and lower bond yields after China, the world’s largest gold consumer, released key economic data. The future is up 0.15% to $ 1,908.25 and is above $ 1,900. The gold deal was agreed on May 30 and August 21. The dollar, which normally moves…
