By Administrator_India Capital Sands Silver prices were moderately higher on August 24 tracking subdued movement in gold and firm dollar. The precious metal had increased 2.4 percent yesterday on the COMEX. The white metal pared losses and turned into the green after a gap-down start in the afternoon session, tracking the muted overseas cues. The …
By Administrator_India Capital Sands Investors have pulled out money from gold exchange traded funds (ETFs) after the gap of eight months amid renewed optimism over the economic recovery and improvement in vaccination rate. Fall of gold prices in the last few months have also fueled investors to look at other asset classes such as debt …
By Administrator_India Capital Sands Crude oil prices continued uptrend for the third day and recovered losses suffered earlier in the week on improved risk sentiment and the prospect of a slowdown in shale activity in the US. However, the rising COVID cases of Delta variant may impact fuel demand. The energy commodity recouped earlier loss …
By Administrator_India Capital Sands Gold climbed above $1,800 an ounce again as investors took a risk-off turn before the release of Federal Reserve meeting notes that should bring fresh insight on U.S. monetary policy. Minutes from the Fed’s June gathering will be combed for more clues on the bank’s thinking around rates, bond-purchasing and the …
By Administrator_India Capital Sands Oil prices hit and then recoiled from highs last seen in October 2018 on Monday as investors eyed the outcome of this week’s OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports. Brent crude for August had slipped 16 …
By Administrator_India Capital Sands Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. Brent crude was up 14 cents, or 0.2%, at $72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday. …
By Administrator_India Capital Sands Gold was up on Tuesday morning in Asia, near a five-month high, as Chinese factory activity data released earlier in the day was better than expected and investors await key U.S. economic data to be released later in the week. Gold futures were up 0.47% to $1,914.25 by 11:07 PM ET (3:07 AM GMT). …
By Administrator_India Capital Sands Gold erased 2021 losses as signs of inflationary pressures stoked growth concerns and Federal Reserve officials assured investors on the outlook for monetary policy. Central bank officials reiterated that they expect transitory rather than lasting price pressures from the U.S. economic rebound, damping speculation around any push to tighten policy. Declines …
By Administrator_India Capital Sands Gold was up on Tuesday morning in Asia as the dollar weakened. Investors also remain concerned about potential interest rate hikes to curb rising inflation. Gold futures inched up 0.02% to $1,868.05 by 10:59 PM ET (2:59 AM GMT), its highest level since Feb. 1, 2021. The dollar, which usually moves inversely to …
By Administrator_India Capital Sands Gold held near the highest level in three months as investors weighed growing inflation risks and comments from Federal Reserve officials on the labor market for clues on monetary policy going forward. Bond market expectations for the pace of consumer price inflation over the coming half decade surged on Monday to …
