Strength in the US dollar added pressure on Gold on Friday, putting the bullion on course for its first weekly loss in three. The US dollar edged higher tracking benchmark treasury yields higher as Fed chief Jerome Powell added to expectations for aggressive Federal Reserve monetary tightening. The benchmark 10-year US Treasury yield climbed near 3%, around its highest level since December 2018. Meanwhile, the […]
Moderate set of results expected from the company
WTI Crude oil futures turned lower amid broad weakness equities and a firm US dollar index. Oil eased after recent gains failed to sustain as investors worried about the likelihood of slowing economic growth on the back of aggressive monetary policy tightening as well as the impact of the ongoing war in Ukraine. WTI Crude oil fell near $102 per barrel mark. Meanwhile, the EIA […]
COMEX Copper futures slipped in last week, giving up from two week highs on worries about the fallout from Chinas lockdowns in major cities. Market also remained worries about demand in emerging economies. The IMF cut global growth estimates in a latest update that noted that monetary tightening by central banks of advanced economies may stoke inflation in emerging markets due to currency depreciation, necessitating […]
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