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#Risk sentiment. The risk-on sentiment was mixed on Friday morning as investors took caution after this week’s rally in the global equity market. The rally in the commodity market also came to a halt. Political clarity has also driven...
Gold prices steadied on Friday as investors took stock of doubts raised over the efficacy of an inexpensive coronavirus vaccine, but the precious metal was set for a third week of declines. Spot gold was little changed at $1,810.75...
WTI Crude oil futures fell from near nine month high on profit selling. US equities were shut for Thanksgiving Day and European markets ended on flat note. Overall trend remained choppy as US Covid-19 cases continued to soar. Oil...
COMEX Copper stayed well supported amid weak US dollar even as economic cues were lax and equities saw thin movement. COMEX Copper hit six year high and currently trades up 0.12% at $3.36 per pound. German consumer sentiment dampened...
Euro zone monetary aggregate M3 expanded 10.5 percent on a yearly basis in October, slightly faster than the 10.4 percent rise posted in September, data released by the European Central Bank showed Thursday. At the same time, the annual...
#Risk sentiment. Risk-on sentiment continued the rally with Asian stocks trading higher. Asian shares saw modest gains and European equity futures were steady. The market is still cheered up by the positive developments in the vaccine front, more political...
COMEX Gold futures yet again fell near four and half month low under $1800 per ounce before edging up a little. Traders eyed firm movement in the Crude oil prices and a continued lax outlook on the US monetary...
The US Energy Information Administration reported a crude oil inventory draw of 800,000 barrels for the week to November 20. A week earlier, the EIA estimated a crude oil stock draw of 800,000 barrels as well.In gasoline, the EIA...
COMEX Copper defied the weakness in equities to test around six year high. The red metal extended break above $3.30 per pound and currently trades at $3.33 per pound, up 0.66% on the day.DOW flipped back yesterday as market...
U.S. financial markets are closed later on Thursday for the Thanksgiving holiday.The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about corona virus vaccines prompted investors to seek out riskier assets tied to...