Gold Up, Boosted by U.S. Treasury Yields Retreat
By Administrator_ India Capital Sands Gold futures were up 0.33% to $1,774.85 by 12:26 AM ET (4:26 AM GMT). The yellow metal slid 6% during the previous week in its worst week since March 2021 after the U.S. Federal Reserve sprung a surprisingly hawkish stance as it handed down its latest policy decision. The decision hinted that […]
Oil rises as threat recedes of Iran supply resuming soon
By Administrator_ India Capital Sands Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent crude was up by 17 cents, or 0.2%, at […]
Oil edges up but set for weekly fall on Iran nuclear talks
By Administrator_ India Capital Sands Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal. Brent crude futures for July rose 8 cents, or 0.1%, to $65.19 […]
Gold Up -Than-Expected U.S. Consumer Prices Increase Inflation
By Administrator_ India Capital Sands Gold was down on Thursday morning in Asia over higher-than-expected U.S. consumer prices for April, increasing concerns about higher inflation. Gold futures were down 0.34% to $1,816.65 by 11:42 PM ET (3:42 AM GMT). The benchmark U.S. 10-year Treasury yield climbed to its highest level in more than a month, after an auction of 10-year […]
Oil Holds Near $59 as Fed’s Powell Points to Economic Growth
By Administrator_ India Capital Sands Oil was steady near $59 a barrel as trading opened in Asia after Federal Reserve Chair Jerome Powell said the U.S. economy was poised for stronger growth while cautioning that Covid-19 still remains a threat. Futures in New York were little changed after dropping 3.5% last week. The economy is […]
Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia, with investors and Congress reassured by U.S. Federal Reserve Chair Jerome Powell that inflation will remain under control. Gold futures were up 0.34% at $1,730.90 by 11:48 PM ET. The dollar, which normally moves inversely to gold, inched up to a more […]
Oil Up, With U.S. Deep Freeze Impacting Texan Production
By Administrator_ India Capital Sands Oil was up Tuesday morning in Asia, after an unexpected cold snap impacted production in Texas, the biggest crude producing state in the biggest oil producer globally. Concerns also remain about supply in Saudi Arabia, the world’s biggest oil exporter, after Yemen’s Iran-aligned Houthi group said it struck airports in the country […]
Oil Steadies in Asia After Slumping on Weak U.S. Economic Data
By Administrator_ India Capital Sands Oil steadied near $52 a barrel in Asia after slumping the most in almost four weeks on a combination of a stronger dollar, weak U.S. economic data and a still-surging coronavirus. Futures in New York edged lower after tumbling 2.3% on Friday. U.S. consumer sentiment cooled more than forecast in […]