Gold prices fell on Friday and were set to close the week lower amid fears of more interest rate hikes by the Federal Reserve, while signs of tightening supply helped copper and aluminum prices weather a worsening economic outlook Bullion prices sank well below $1,650 on Thursday – a key support level – after U.S.
READ MOREAsian currencies kept to a tight range on Thursday as fears of a hawkish Federal Reserve grew ahead of key data that is expected to show U.S. CPI inflation stayed close to 40-year highs The Chinese yuan fell 0.1%, while the South Korean won lost 0.2%. The Japanese yen was little changed, but was close
READ MOREPrime Minister Narendra Modi will launch various healthcare projects in Ahmedabad and address a rally in Rajkot on Tuesday, the third day of his visit to poll-bound Gujarat. The Assembly elections in the BJP-ruled state are due this year-end PM Modi will inaugurate healthcare facilities worth Rs 1,275 crore at the Civil Hospital (Asarwa) in
READ MOREOil fell on Monday as an unexpected contraction in China’s service sector fueled fears of slowing demand, although an OPEC supply cut and the prospect of more disruptions in Russia kept prices pinned near a one-month high London-traded Brent oil futures fell 0.7% to $97.73 a barrel, while U.S. West Texas Intermediate crude futures fell
READ MORECommodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by Fed officials clearly indicate that the financial market instability did not dissuade
READ MOREOil Prices Fell On Friday As Markets Awaited More Economic Cues From A Closely-Watched U.S. Payrolls Report, But Were Headed For Strong Weekly Gains After The OPEC+ Announced Its Biggest Supply Cut Since The 2020 COVID Pandemic London-traded Brent oil futures fell 0.4% to $94.43 a barrel, while West Texas Intermediate crude futures were largely
READ MORETHE Dollar Fought For A Footing In Choppy Trade On Thursday With Support From Upbeat U.S. Data And Hawkish Policymaker Comments While The Prospect Of Higher Energy Prices Helped Exporters’ Currencies And Weighed On Those Of Importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those
READ MOREOil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts
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