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Gold futures have taken a breather at the early trading strained by the weakening Euro which is trading near its two years low of 1.1877. After the European financial chiefs bought one year extra time for Spain to reach the deficit target and hence implementation of the measures decided in the EU summit last month […]
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Gold futures price movement is seen little puzzled at the Globex ahead of the mostly eyed US Nonfarm payroll release later today. Asian equities followed sell-offs from the US overnight as the slew of easing concepts painted the bleak economic picture. Euro is still continuing its down trend. US probably has added more jobs in
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This morning base metals are trading down by 0.03 to 0.71 percent at LME electronic platform while the Asian equities are also trading on a weaker note. Riskier assets including base metals are mostly down on caution ahead of a meeting later in the session by the European Central Bank, which is expected to cut
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On Tuesday morning base metals are trading up by 0.2 to 1.2 percent at LME electronic platform. Asian equities are also trading up by 0.4 to 1.6 percent as early morning the Chinese non-manufacturing PMI increased more than expectation supporting gains in riskier assets coupled with gains in western markets. As expected, the Euro-Summit after
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Asian equities are trading down by nearly a percent after weak western counterparts and weak economic development. The Chinese bourses are closed due to dragon-boat festival and metals may remain mostly subdued due to lack of downstream demand. Further, from the Euro-zone, Greece pro-bailout parties are forming the coalition while it needs to ensure austerity
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Equities are trading up after increased import and export figures from Japan supported gains. The G-20 summit endorsed policies related to the Spanish Banks as the yields of the 10-year bond has increased above 7 percent hitting a record high for the EU at 7.13%. Spain is also scheduled for a bond auction tomorrow and
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Today Gold futures prices have seen little changed from the prior closing and Asian stocks dropped after Spain’s credit rating was cut which has renewed the concern of European crisis contagion to the global growth. The Euro however is showing slight strength against the dollar amid anticipation of a win of new democracy which would
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This morning base metals are trading down by 0.4 to 1.6 percent apart from Aluminum at LME electronic platform. The Asian equities are also trading down after losing yesterday’s gains as Spain bailout continues to fade and concerns of Italy and Greece haunts investor sentiment. Among Asians, the Chinese easing might have supported domestic credit
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Gold futures prices would have taken a pause at the Globex skidding 0.28% from the weekly closing while, the Asian shares slid as investors gathered worries from the terrible jobs data released last Friday, and a weak Chinese PMI pressurized the stocks in early morning. Euro as well knocked down once again against the dollar
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Gold futures prices have climbed today as Greece’s pro-bailout party leads the poll ahead of June election raising hopes of Greece remaining under the Euro area. The Euro however knocked down once again near a two year low against the dollar after the Spanish bond yield shored to 6.53% (10-year bond) and thereby driving the
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