Asia Gold-China demand buoyant, India ramps up purchases
By Rajendra Jadhav, Seher Dareen* Gold imports flowing into China over past few weeks- MKS PAMP* Indian banks importing more gold since market at premium-dealer* Domestic prices in Japan hovering near historic highs- traderMarch 3 (Reuters) – Physical gold prices traded at a premium in India this week, as a drop in domestic rates encouraging […]
GLOBAL MARKETS-Stocks limp toward biggest weekly fall of the year
*World shares in danger of biggest weekly fall of 2023*Dollar clings to 2-mth high; traders await U.S. PCE data*Nikkei rises as BOJ nominee says to maintain ultra-loose policy*Geopolitics in focus on first anniversary of Ukraine invasion*Graphic: World FX rates tmsnrt.rs/2egbfVh*LONDON, Feb 24 (Reuters) – World shares limped toward their biggest weekly fall of the year […]
Dollar Plunges as Fed Says Disinflation Now in Play
The dollar tumbled on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a confidence boost that the end of its rate-hike campaign is near. Source link
GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India
LONDON, Jan 27 (Reuters) – World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week’s slate of top central bank meetings.Asia-Pacific shares maintained their best start to a year […]
PRECIOUS-Gold accelerates to 8-month peak on dollar pullback
*U.S. CPI report due on Thursday*Dollar index down 0.4%(Updates prices)Jan 9 (Reuters) – Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.Spot gold was up 0.8% at $1,880.33 […]