Gold Heads for Third Weekly Decline as Powell’s Speech Assessed
By Administrator_India Capital Sands Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation. Chair Jerome Powell said that the Fed will seek inflation that averages 2% over time, a step that implies allowing […]
Gold Up Over Sluggish Economic Outlook, Lingering Risk Appetite Caps Gains
By Administrator_India Capital Sands Gold was up on Monday morning in Asia over signs of a slow economic recovery. Gold futures inched up by 0.04% to $1,950.60. U.S. retail sales data released last Friday recorded a lower-than-expected growth of 1.2% month-on-month, compared to the 1.9% expected in forecasts prepared by Investing.com. Japan’s GDP data released earlier […]
Gold Price Crashes as Dollar Pulls Up from Record Lows
By Administrator_India Capital Sands Gold fell sharply on Wednesday morning in Asia, continuing losses from the previous sessions in North America and Europe. Gold futures slid 2.52% to $1,897.20. The pullback was not altogether unexpected, with analysts expecting a correction after the per-ounce price of the yellow metal topped $2,000 dollars. The turnaround came […]
Oil prices slip on uncertainty over U.S. recovery, stimulus
By Administrator_India Capital Sands Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the United States on a new stimulus deal. U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents […]
Trans-Pacific trade bloc says to ensure food, medicine supplies amid pandemic
By Administrator_India Capital Sands Ministers from a trans-Pacific trade bloc have agreed to fight protectionism and avoid food and medicine shortages during the coronavirus pandemic, they said in a joint statement published on Wednesday. “We strongly believe that given the current circumstances, it is more important than ever to counter protectionism,” said the statement, […]
India’s 2020 gold demand may hit 26-year low as prices rally: WGC
By Administrator_India Capital Sands India’s gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday. Lower demand by the world’s second-biggest bullion consumer could […]
Gold Up at Near Nine-Year Record High Over Continued Market Uncertainty
By Administrator_India Capital Sands Gold climbed close to a nine year high on Thursday morning in Asia, with sluggish economic recovery and rising political tensions between the U.S. and China driving investors to the safe-haven asset. Gold futures were up by 0.15% to $1,867.85, not far below its record high of $1,920.70 in 2011. Stocks, which usually move […]
Oil eases amid rising coronavirus cases worldwide
By Administrator_India Capital Sands Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude was down 25 cents, or 0.6%, at $42.89 a barrel, after dropping slightly last week. U.S. oil was […]
Oil Up Over Draw in API Crude Oil Inventories
By Administrator_India Capital Sands Oil rose on Wednesday morning in Asia, with investor sentiment improved after the U.S. reported a significant drop in crude oil inventories. The American Petroleum Institute (API) estimated an 8.322 million-barrel draw for the week ended July 10. The draw was bigger than analyst forecasts of a 2.1 million-barrel draw and reversed […]
U.S., EU advocacy groups warn against Google’s purchase of Fitbit
By Administrator_India Capital Sands Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement Wednesday urging regulators to be wary of Google’s $2.1 billion bid for fitness tracker company Fitbit Inc because of privacy and competition concerns. The 20 organizations – which include the U.S.-based Public Citizen, Access Now […]