Currency Head News Today

tensions with china. nbc news was first to report the suspected chinese surveillance balloon hovering over the northern united states around montana for the past few days. china is now responding claiming it is a civilian airship used for weather research that was blown off course. but how credible is that claim? minutes ago we learned secretary of state antony blinken is postponing his trip to china for what was supposed to be a highly anticipated meeting with chinas leader next week....

"The dollar index has recovered from lower levels after FOMC minutes stated that the time of interest rate cut is not yet confirmed. We also see thin demand for gold and silver in the physical markets," Anuj Gupta, Head-Commodity & Currency, HDFC Securities said.

Comex Gold futures were trading at $2,036.40 per troy ounce on Wednesday, up by $3.40 or 0.17% while Silver futures were trading at $23.170, lower by $0.079 or 0.340%.

Comex Gold futures were trading at $2,039.60 per troy ounce on Tuesday, up by $6.10 or 0.30% while Silver futures were trading at $23.335, lower by $0.025 or 0.110%.

Taking cues from the international market, MCX February gold futures were trading with a negative bias in the opening trade. They were hovering around Rs 62,358 per 10 grams around 11 am, down Rs 199 or 0.32% from Fridays closing price. Meanwhile, the March Silver futures were trading at Rs 72,285 per kg, down Rs 302 or 0.42%.

Analyst Anuj Gupta, Commodity & Currency Head at HDFC Securities sees Comex gold trading between $2,030 to $2,050 today with a positive bias and MCX gold within Rs 62,000 - Rs 63,000 range. As for silver, March contracts are likely to trade between Rs 71,500 and Rs 73,500, Gupta said.

Taking cues from the international market, MCX February gold futures were trading lacklustre in the opening trade.

Analyst Anuj Gupta sees Comex gold trading between $2,060 and $2,080 with a positive bias while the MCX February contract is seen trading between Rs 62,800 and Rs 63,800. As for silver, the Commodity & Currency Head at HDFC Securities expects March futures to trade between Rs 73,500 and Rs 75,500 with the trend remaining positive.

Apple, alphabet, amazon, all putting up relatively at least compared to their own histories weak reports and citing and showing some signs that youre seeing some weakness where the consumer is concerned, particularly where amazon is concerned. but also that companies, that businesses are starting to tighten their belts in terms of their future investments as well. and all three of these companies talking about an uncertain macro economic environment. also, the covid lockdowns in china that we sa...