Gold and silver have witnessed a sharp rally following Russia’s invasion of Ukraine. But the prices soon cooled off as a firm US dollar and upside in bond yield eroded the bullion’s sheen. Currently, gold is down 10 per cent from its record peak, having breached the Rs 50,000...
NEW DELHI: Gold prices were trading flat with a negative bias on Thursday as steady US dollar and elevated Treasury yields weighed on greenback-priced bullion. Gold’s performance and outlook have also been under the cloud amid aggressive Fed monetary policy stance on rate hikes as the bank pushes to...
TOKYO – Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares. Brent crude futures for July were up 97 cents, or 0.9%, at $110.08 a barrel at 0220 GMT, after...
Gold prices were flat on Thursday, as an elevated dollar weighed on greenback-priced bullion and countered support from lower Treasury yields, with the metal’s outlook already dulled by an aggressive Federal Reserve stance on inflation. FUNDAMENTALSSpot gold held its ground at $1,816.63 per ounce at 0047 GMT. U.S. gold...
NEW DELHI: Gold prices dropped sharply on Wednesday following a rise in US treasury yields and cautiously positive comments from US Fed Chair Jerome Powell. However, the dollar index dropped to two-week lows, pushing up the appeal for the yellow metal. Investors trimmed bets on whether US interest rate...
Gold prices edged higher on Wednesday, as a weakening dollar countered pressure from stronger Treasury yields and an aggressive stance on inflation by the U.S. Federal Reserve chief. A weaker dollar makes gold more attractive for buyers holding other currencies. FUNDAMENTALS * Spot gold was up 0.1% at $1,816.56...
SINGAPORE – Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures. Brent crude futures were up $1.15, or 1.0%, at $113.08 a barrel at 0042...
S&P 500 is trading down 0.39% at 4008.02 Global shares recovered on Tuesday on optimism about an easing of China’s crackdowns on tech and COVID-19, but concerns about rising prices and slowing growth worldwide set a nervy tone elsewhere in markets. European shares followed up a positive start in...
NEW DELHI: Gold prices edged up mildly on Monday, rebounding from recent lows, even as the US dollar continued to trade firm. The dollar started the week just off a 20-year high against peers, as investors sought safety due to fears about global growth, and continued to make rival...
TOKYO: Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia. Brent crude futures were down 64 cents, or 0.6%,...