Spot gold eased 0.1 percent to USD 1,193.38 per ounce by 0041 GMT. Bullion on Thursday touched a high of USD 1,206.98, its best since November 23. Gold slipped early on Friday after hitting a seven-week high in the previous session as the dollar edged up, but the yellow metal was on track to end higher for a third straight week. FUNDAMENTALS * Spot gold eased 0.1 percent to USD 1,193.38 per ounce by 0041 GMT. Bullion on Thursday touched a high of USD 1,206.98, its best since November 23. * U.S. gold futures fell 0.5 percent to USD 1,194 per ounce. * The dollar index , which measures the greenback against a basket of currencies, rose 0.2 percent to 101.530. * Federal Reserve Chair Janet Yellen did not comment on the outlook for the U.S. economy or monetary policy in remarks to teachers, saying improving U.S. education could help raise living standards. * Several Fed officials on Thursday cautioned that the fiscal and tax plans sketched out by the incoming Trump administration could spur a short-term economic boost that would result in longer-run inflation and debt problems. * In an array of appearances Fed regional bank presidents agreed in principle that the policies likely to be pursued by President-elect Donald Trump will raise economic growth - through direct spending, the consumption and investment spurred by tax cuts, and the boost to business from lighter regulation. * The number of Americans filing for unemployment benefits rose less than expected last week, pointing to a tightening labour market that is starting to spur faster wage growth. * Industries across the euro zone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some ECB policymakers expect. * South African bullion producer Harmony Gold said on Thursday that 1,700 miners were staging a wildcat sit-in at its Kusasalethu mine west of Johannesburg, an operation that has been a flashpoint of labour unrest and violence in the past. * Goldcorp Inc agreed to sell its Los Filos mine in Mexico to Leagold Mining Corp in a deal valued at USD 438 million on Thursday, as the world's No. 3 gold miner by market value focuses more squarely on core assets. * Mali produced 50.9 tonnes of gold in 2016, up from 50.5 tonnes produced in 2015, the mines ministry said on Thursday. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
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Gold edged higher early on Thursday to hold near 7-week highs touched in the previous session, as the dollar weakened after Donald Trump provided little clarity on future fiscal policies in his first press conference as US president-elect. Gold edged higher early on Thursday to hold near 7-week highs touched in the previous session, as the dollar weakened after Donald Trump provided little clarity on future fiscal policies in his first press conference as US president-elect. FUNDAMENTALS * Spot gold was up 0.2 percent at USD1,193.31 per ounce. Bullion on Wednesday touched a high of USD1,198.40, its best since Nov. 23. * US gold futures fell 0.2 percent to USD1,193.70 per ounce. * In his first press briefing as US president-elect, Trump presided over a wide-ranging session that lasted longer than expected but contained no details on tax cuts and infrastructure spending, * Trump's campaign calls for tax cuts and more infrastructure spending have boosted US shares and the dollar, as well as driving a selloff in Treasuries, but his protectionist statements and a flurry of off-the-cuff Tweets have kept many investors from adding to risky positions. * The dollar index, which tracks the US currency against a basket of six major counterparts, was down 0.1 percent at 101.65 , having hit a one-week high on Wednesday. [USD/] * Federal Reserve Chair Janet Yellen appears at a webcast town hall meeting with educators on Thursday. * A host of Federal Reserve presidents including Philadelphia, Chicago, Atlanta, Dallas and St. Louis will also speak on a range of issues. * Bank of England Governor Mark Carney said on Wednesday that Britain's giant financial services sector could be undermined if key parts of the industry move elsewhere because of Brexit. * China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said. * On Thursday, the Labor Department's import prices report is expected to show prices rising 0.7 percent in December after falling 0.3 percent in November. * Meanwhile, the number of Americans filing for unemployment benefits likely rose 20,000 to a seasonally adjusted 255,000 for the week ended Jan. 7. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
Silver also shot up by Rs 350 to Rs 40,750 per kg due to increased off take by industrial units and coin makers. Gold prices reclaimed the Rs 29,000-mark by surging Rs 330 to trade at over one-month high of Rs 29,030 per 10 grams, tracking uptrend in the global bullion market and increased buying by local jewellers. Silver also shot up by Rs 350 to Rs 40,750 per kg due to increased offtake by industrial units and coin makers. Bullion traders said that sentiment got a boost after gold moved up in global markets as weakness in the dollar raised demand for the precious metal as a safe haven. Globally, gold rose 0.43 percent to USD 1,185.90 an ounce in Singapore. Besides, increased buying by jewellers at domestic spot market supported the upmove, they added. In the national capital, gold of 99.9 and 99.5 percent purity climbed Rs 330 each to Rs 29,030 and Rs 28,880 per ten gram, respectively, a level last seen on December 5 when it had closed at Rs 29,050. The precious metal had shed Rs 40 in yesterday's trade. Sovereign, however, remained unaltered at Rs 24,200 per piece of eight gram in limited deals. Following gold, silver ready also rebounded by Rs 350 to Rs 40,750 per kg and weekly-based delivery by Rs 305 to Rs 40,600 per kg. On the other hand, silver coins maintained steady at Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
Gold prices edged higher in Asia on Monday as investors awaited a lineup of Fed speakers this week and the incoming president to set the tone and markets in Japan shout for a holiday. Gold for February delivery edged up 0.21% to $1,175.85 a troy ounce on the Comex division of the New York Mercantile Exchange. Copper futures was up 0.08% to $2.544 a pound. In the week ahead, investors will be looking ahead to U.S. economic reports, particularly Friday’s retail sales figures for December. Investors will also be watching an appearance by Fed Chair Janet Yellen on Thursday and speeches by a handful of other Fed officials during the week, as well as President-elect Donald Trump on Wednesday for a press conference. Last week, gold prices fell on Friday, retreating from the previous sessions one-month highs as the dollar strengthened against a currency basket after U.S. jobs data showed a slowdown in hiring in December but a pickup in wage growth. The Labor Department said Friday the U.S. economy added 156,000 jobs in December, falling short of economists forecast for jobs growth of 178,000. The report also showed that the annual rate of wage growth rose to 2.9% in December from a year earlier, the strongest since 2009. The employment data indicated that the economy is improving enough for the Federal Reserve to keep pushing up interest rates. The Fed has indicated that three quarter-percentage-point interest rate increases are on the cards for 2017. Higher rates boost the dollar by making the currency more attractive to yield-seeking investors. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
Gold prices edged higher in Asia on Monday as investors awaited a lineup of Fed speakers this week and the incoming president to set the tone and markets in Japan shout for a holiday. Gold for February delivery edged up 0.21% to $1,175.85 a troy ounce on the Comex division of the New York Mercantile Exchange. Copper futures was up 0.08% to $2.544 a pound. In the week ahead, investors will be looking ahead to U.S. economic reports, particularly Friday’s retail sales figures for December. Investors will also be watching an appearance by Fed Chair Janet Yellen on Thursday and speeches by a handful of other Fed officials during the week, as well as President-elect Donald Trump on Wednesday for a press conference. Last week, gold prices fell on Friday, retreating from the previous sessions one-month highs as the dollar strengthened against a currency basket after U.S. jobs data showed a slowdown in hiring in December but a pickup in wage growth. The Labor Department said Friday the U.S. economy added 156,000 jobs in December, falling short of economists forecast for jobs growth of 178,000. The report also showed that the annual rate of wage growth rose to 2.9% in December from a year earlier, the strongest since 2009. The employment data indicated that the economy is improving enough for the Federal Reserve to keep pushing up interest rates. The Fed has indicated that three quarter-percentage-point interest rate increases are on the cards for 2017. Higher rates boost the dollar by making the currency more attractive to yield-seeking investors. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
Last week came in as a cheerful period for the investors of Tata Steel, SAIL and Jindal Steel where the share prices of the companies remained positive almost for the whole week. Last week came in as a cheerful period for the investors of Tata Steel, SAIL and Jindal Steel where the share prices of the companies remained positive almost for the whole week. The companies have raised the prices of their products effective from January 01, 2017. These steel producers have raised the prices of flat and long products by an average of Rs 2500-3000 per tonne. The price hike was driven by the rise in prices of coking coal, which acts as a major raw material in the process of making steel. Shares of SAIL have risen 5.5% during the week to Rs 52 where the stock witnessed profit booking in the mid of the week but managed to bounce back. Tata Steel rose 7.2% with gradual up moves in the entire session. Jindal Steel increased 6.3% during the week. However, Friday was much volatile and witnessed profit booking for the steel stocks. Overall the steel sector too rose 5.5% during the week. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
Spot gold had eased 0.2 percent to USD 1,178.53 an ounce by 0056 GMT. The metal on Thursday hit its highest since December 5 at USD 1,184.90. Gold on Friday hovered near one-month highs touched the session before, with traders waiting for US jobs data later in the day for clues on the pace of possible US interest rate hikes in 2017. FUNDAMENTALS * Spot gold had eased 0.2 percent to USD 1,178.53 an ounce by 0056 GMT. The metal on Thursday hit its highest since December 5 at USD 1,184.90. * US gold futures were also down 0.2 percent, at USD 1,179 an ounce. * Investors are focussed on Friday's US non-farm payrolls report, with economists expecting job gains of 178,000 in December. * US services sector activity held at a one-year high in December as new orders surged, while the number of Americans filing for unemployment benefits fell near a 43-year-low last week, suggesting the economy ended 2016 with strong momentum. * A raft of data from China in coming weeks is expected to show the world's second-largest economy carried solid momentum into 2017, thanks to heavy government stimulus and a construction boom that breathed new life into its ailing smokestack industries. * Euro zone producer prices rose for the third consecutive month in November on a monthly basis, mostly driven by soaring energy prices which offset subdued prices for consumer goods, estimates released on Thursday by Eurostat showed. * SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.03 percent to 813.59 tonnes on Thursday from Wednesday. MARKET NEWS * The US dollar wobbled near three-week lows and US bonds were bought back on Friday as investors wound back 'Trump trade', helping to lift the world's stocks to 1-1/2 year highs. * Oil prices were little changed on Friday after gaining nearly 1 percent the day before on news that Saudi Arabia had cut production to meet OPEC's agreement to reduce output. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
Gold is maintaining a steady growth, and has risen to its highest on Thursday, as the US dollar has stepped further away from a 14-year peak, with investors locking in gains from its two-month-old rally, as also on a technical rebound. Gold is maintaining a steady growth, and has risen to its highest on Thursday, as the US dollar has stepped further away from a 14-year peak, with investors locking in gains from its two-month-old rally, as also on a technical rebound. Spot gold was up 0.8 per cent at $1,171.28 an ounce at 0032 GMT. Earlier it was at its highest since Dec 8, 2016 at $1,172.96. US gold futures has climbed 0.6 per cent to $1,172.50 per ounce. The dollar index, which measures the greenback against a basket of currencies, was down 0.4 per cent at 102.27. The dollar is weak across the board and gold itself has technically broken out of its down channel in December. A firmer dollar curbs demand for commodities priced in the greenback by making them more expensive for holders of other currencies. Trump has promised tax cuts, infrastructure spending and deregulation. Such changes could boost inflation and might set the stage for a confrontation between a President seeking to boost economic growth and the US Federal Reserve. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
The price of gold settled higher on Tuesday despite the strong dollar. The precious metal settled at $1159.40, an increase of $7.70, or nearly 1%. The price of silver also increased to $16.35, an increase of 2.26%. Platinum and palladium increased in price too on Tuesday, as copper slid. The dollar/yen pairing closed at 117.71 today, an increase of 0.01%. The pound/dollar pairing finished the day at 1.2231, an uptick of 0.02%. Financial media, meanwhile, is reporting that there may be a new vice chairman of the Fed soon. The name of John Allison is being touted in Washington as a possible Fed nominee by President-elect Trump. Allison may be named for a Federal Reserve Board of Governors vacancy that would make him "vice chairman and head of banking regulation," a position left technically unfilled since it was mandated by the Dodd-Frank banking reforms, analysts said. Allison was CEO of BB&T (NYSE:BBT) from 1989 to 2008 who kept the institution out of trouble when the financial crisis hit in 2008, and after that he worked with the libertarian Cato Institute think tank, where he currently serves on the board after being president and CEO from October 2012 to April 2015. The think tank is located in Washington D.C. and is considered the "laissez-faire brain trust" of the Republican Party. Gold prices eased in Asia as a strong dollar weighed and investors awaited further clues on the greenback from Federal reserve minutes due to be released later in the day. On the Comex division of the New York Mercantile Exchange gold for February delivery fell 0.26% to $1,159.00 a troy ounce, while silver futures eased 0.10% to $16.392 a troy ounce. Copper futures dipped 0.24% to $2.481 a pound. Overnight, gold prices rose despite a stronger dollar against a basket of currencies surging to a 14-year high. Gold is prices in dollars, making it potentially more expensive countries such as India and China, the top buyers globally. At its December meeting the Fed raised interest rates for the first time in a year and forecast as many as three hikes in 2017, making the tone of the discussion of high interest to markets. Financial media, meanwhile, is reporting that there may be a new vice chairman of the Fed soon. The name of John Allison is being touted in Washington as a possible Fed nominee by President-elect Donald Trump. Allison may be named for a Federal Reserve Board of Governors vacancy that would make him "vice chairman and head of banking regulation," a position left technically unfilled since it was mandated by the Dodd-Frank banking reforms, analysts said. Allison was CEO of BB&T (NYSE:NYSE:BBT) from 1989 to 2008 who kept the institution out of trouble when the financial crisis hit in 2008, and after that he worked with the libertarian Cato Institute think tank, where he currently serves on the board after being president and CEO from October 2012 to April 2015. The think tank is located in Washington D.C. and is considered the "laissez-faire brain trust" of the Republican Party. For 2017, the Fed voters are: Janet Yellen, Board of Governors, Chair; Lael Brainard, Board of Governors; Stanley Fischer, Board of Governors & Vice Chairman; Jerome Powell, Board of Governors; Daniel Tarullo, Board of Governors; William Dudley, New York; Charles Evans, Chicago; Patrick Harker, Philadelphia; Robert Kaplan, Dallas; and Neel Kashkari, Minneapolis. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
At the Multi Commodity Exchange, gold for delivery in February was up Rs 31, or 0.11 percent, at Rs 27,601 per 10 grams in a business turnover of 279 lots. Gold prices were up by Rs 31 to reclaim Rs 27,601 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in February was up Rs 31, or 0.11 percent, at Rs 27,601 per 10 grams in a business turnover of 279 lots. Also, the yellow metal for delivery in far-month April contracts was trading higher by Rs 26, or 0.09 percent, at Rs 27,555 per 10 grams in six lots. Analysts said a firming trend in precious metals overseas mainly buoyed gold futures here. Globally, gold surged as much as 0.50 percent to USD 1,156.70 an ounce in Singapore today. Jewellery stocks are expected to gain from the demonetisation move as the manner in which the Jewellery industry has been functioning in India is expected to change due to push for digitisation and cashless payment. Markets after opening on a positive note taking cues from global markets which are trading in red owing to concerns over taxation for foreign investors and December auto sales, which are reflecting demonetisation's aftereffects. Stocks like Titan and Gati are buzzing on bourses by gaining more than 2% in the first half hour of the trade. Logistics companies are expected to show some buoyancy as the GST council will be holding a meeting today with officials from 6 key different sectors, including IT, Telecom, Banking and Insurance to assess the implementation hurdles under the new GST regime, as the outcome will affect the Logistics sector. Jewellery stocks are buzzing with stocks like Gitanjali Gems and TBZ trading higher by 3% or more. Jewellery stocks are expected to gain from the demonetisation move as the manner in which the Jewellery industry has been functioning in India is expected to change due to push for digitisation and cashless payment. Companies like Titan are also expected to benefit from demonetisation. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , Give Miss call ☎ @ Toll Free Number 📲 18003157801
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