New Delhi: Gold prices rose by Rs 429 to Rs 50,577 per 10 grams in the national capital on Monday due to inflation worries after Western countries ramped up sanctions on Russia for invading Ukraine, according to HDFC Securities. The yellow metal had closed at Rs 50,148 per 10 grams in the previous trade. Silver
Month: February 2022
Markets are staying in risk aversion today with heavy selling in stocks. Expectations on the negotiation between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin are low. Meanwhile, other markets are relatively steady. In forex, Swiss Franc, Yen and Dollar are still the stronger ones ,while Euro is the weakest. But still, most pairs
Lucid Air Courtesy: Lucid Motors Lucid Group is cutting its car production forecast for this year by as much as 40%, sending shares of the electric vehicle start-up tumbling 13% during after hours trading. The company on Monday cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles,
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On Feb. 17, United States Deputy Attorney General Lisa Monaco announced at the Munich Cyber Security Conference the formation of the new task force “dedicated to cryptocurrency” within the Federal Bureau of Investigation (FBI). Coming four months after the launch of the Justice Department’s National Cryptocurrency Enforcement Team (NCET), this marks another major step in
USDCAD trades back in the Red Box Yesterday, the USDCAD made a move outside of a “red box” that has confined up and down price action in the pair since January 27. The high of that up and down red box range was at 1.27956. The strong dollar buying yesterday saw the price of the
Regret that talks did not start a day ago but Ukrainian delegation just only arrived Refuse to comment on Russia’s aim in talks, says “let’s wait” Hopes that talks will start imminently Says competent people are working to minimise impact of sanctions The sanctions are problematic but Russia has the potential to compensate for the
USD/CAD continued with its struggle to build on the momentum or find acceptance above 1.2800. Signs of stability in the markets, sliding US bond yields failed to assist the USD to preserve its gains. Retreating crude oil prices undermined the loonie and continued lending some support to the pair. The USD/CAD pair retreated nearly 50
NEW DELHI: Gold prices spiked more than 1.5 per cent on Monday as the yellow metal was set for best monthly gain in the last three quarters amid rising global worries. Western countries slapped fresh sanctions on Russia for invading Ukraine and President Vladimir Putin put his country’s nuclear deterrent on high alert. Gold futures
Sentiment in the markets sinks again after Russian President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday, in response to unprecedented sanctions by the West, including blocking Russian banks from SWIFT. Meanwhile, Ukraine is holding on to defending from Russian invasion, with increasing support from Europeans and others in the world. Asian
In this article BABA Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba on Thursday reported its slowest quarterly revenue growth since going public and missed expectations, but the Chinese e-commerce giant did beat on earnings. Here’s how Alibaba did in its fiscal third-quarter, versus Refinitiv
AUDUSD trades back above its 100 hour moving average The price of the AUDUSD this week extended above its 100 day moving average (top blueline currently at 0.72376) on Wednesday for the first time since January 14. The run to the upside saw the price extend up to a high of 0.72831. The RBNZ rate
USD/CHF is eyeing 0.9300 as fears amid the Russia-Ukraine war intensify post-nuclear deterrent. The risk-off impulse has underpinned the greenback against the Swiss franc. Investors have overlooked the expected Moscow-Ukraine negotiations without preconditions. The USD/CHF has opened on a cautious note on Monday but bounced back after sensing some significant bids around 0.9250 as investors
LONDON – OPEC+ revised down its forecast for an oil market surplus this year by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday. The data – part of a report the Joint Technical Committee (JTC) prepares for OPEC+
In this article COIN Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported fourth-quarter earnings that beat analyst estimates after the bell on Thursday. Shares bounced around after the report. They
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