The Maharashtra government on Sunday reversed its earlier decision to keep gyms, beauty salons and spas shut amid an ongoing Covid scare and instructed in its revised guidelines to allow these establishments to function at a 50% capacity. The government in its statement said that beauty salons shall be grouped with hair-cutting salons and hence shall be permitted to function at a 50% capacity. It however stressed that under this revised guideline, only activities that…
By Administrator_ India Capital Sands Gold prices fell on Wednesday morning in Asia, while the U.S dollar retreated marginally. Gold Futures went down 0.28% to $1,788.35 by 11:08 PM ET. Reduced stimulus and interest rate hikes pushed government bond yields up, translating into a higher opportunity cost for holding bullion. Upbeat corporate earnings and easing concerns about high inflation also dented bullion’s safe-haven appeal. Tech giants Microsoft Corp and Google owner Alphabet Inc. both beat…
"Gold Down, as Consumer Confidence Rises" By Administrator_India Capital Sands Gold prices eked out small gains on Friday, buoyed by a weaker dollar, with investors awaiting the U.S. jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. FUNDAMENTALS Spot gold rose 0.1% to $1,811.79 per ounce by 0115 GMT, but was headed for its first weekly decline in four. U.S. gold futures gained 0.2% to $1,814.80. The dollar index =USD fell to a one-month low, bolstering gold’s…
"Gold firms on sluggish dollar ahead of US jobs data" By Administrator_India Capital Sands Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats from rising cases of the Delta coronavirus variant. Spot gold was down 0.3% at $1,798.27 per ounce, as of 0313 GMT, after hitting its lowest since July 12 at $1,793.59 in the previous session. U.S. gold futures eased 0.3% to $1,798.70…
"Gold hovers near 1-week low as risk appetite returns; ECB meet in focus" By Administrator_India Capital Sands Gold was up on Monday morning in Asia after some central banks began increasing their gold holdings. Investors also await further U.S. economic data for further clues on the central bank’s monetary policy. Gold Futures were up 0.24% to $1,787.55 by 10:39 PM ET (2:39 AM GMT). On the demand side, central banks including Serbia, Thailand, and Ghana are increasing their gold holdings due to signs of accelerating inflation. “Long term, gold…
"Gold Up as Central Banks Regain Appetite for Gold Buying" By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent oil futures gained 0.54% to $59.88 by 10:51 PM ET (3:51 AM GMT), and is close to topping the $60 mark for the first time since Feb. 20, 2020. WTI futures rose 0.99% to $57.41. The six-month Brent spread settled at $2.33 on Friday, after hitting a high…
"Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes" By Administrator_India Capital Sands Brent oil futures rose 0.61% to $46.09 by 12:17 AM ET (5:17 AM GMT) and WTI futures were up 0.40% to $43.14. Oil was up on Monday morning in Asia, with global stimulus measures continuing to support prices but with gains capped over creeping fears of an oversupply. Hurricane Laura, which struck the Gulf of Mexico region during the previous week, had a weaker impact on oil markets than feared, with the region’s offshore…
"Oil Up, Finishes August Strong Despite Oversupply Fears"
