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Here is what you need to know on Wednesday, February 14: The US Dollar Index consolidates it's gains early Wednesday after rising 0.7% to a fresh three-month high near 105.00 on Tuesday.
According to Geojit, The area under summer crops in Karnataka fell 57.7% on year to 137,000 ha in the current season as of Monday, according to the state agriculture department's report.
Gold price (XAU/USD) remains depressed below the $2,000 psychological mark and touches a fresh two-month low during the Asian session on Wednesday.
Analysts say this is because higher-than-expected US inflation data diminished hopes that the US Federal Reserve could soon pivot to monetary easing
Natural Gas (XNG/USD) is eking out more losses with February being outright negative for the fossil fuel. The additional move this time comes with Shell issuing an outlook where Liquefied Natural Gas (LNG) demand will be substantially