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Gold gains as rising virus cases, easing dollar boost safe-haven appeal - Vimarsana News

Gold gains as rising virus cases, easing dollar boost safe-haven appeal

Gold gained on Monday, as surging COVID-19 cases boosted the metal's safe-haven appeal, aided by a weaker dollar ahead of the U.S. Federal Reserve's meeting this week, while auto-catalyst palladium held below a record peak scaled last week. Spot gold was up 0.1% at $1,778.22 per ounce by 0707 GMT. U.S. gold futures fell 0.1% to $1,775.70 per ounce. "The COVID-19 situation in India and Japan is deteriorating. So that is boiling demand for safety, resulting in higher gold prices," said Margaret Yang, a strategist at DailyFX, adding that an easing dollar is further supporting prices. Cases i...

METALS-Copper touches lowest in nearly a month on China demand worries - Vimarsana News

METALS-Copper touches lowest in nearly a month on China demand worries

(Updates prices) LONDON, April 1 (Reuters) - Copper prices slipped to their lowest in almost a month on Thursday on concern over slowing growth in top metals consumer China as it seeks to rein in debt levels and trim stimulus spending. Three-month copper on the London Metal Exchange (LME) had dipped 0.1% to $8,776 a tonne by 1555 GMT, having touched $8,695 for its lowest since March 5. “There are concerns about China deleveraging; that seems to be uppermost in a lot of people’s minds. How much more tightening is there to come? And the Chinese economy seems to be slowing anyway,” said in...

ASX to leap; Dow surges on rotation trade - Vimarsana News

ASX to leap; Dow surges on rotation trade

ASX to rise; Dow advances on rotation trade Share Australian shares are poised to open higher. On Wall Street, the Dow reset its record high, though the buying pace eased as the session progressed. For coverage of the Financial Review Business Summitclick here. ASX futures were up 48 points or 0.7 per cent to 6782 near 8am AEDT, paring their earlier surge. The local currency slipped 0.5 per cent. The yield on the US 10-year note rose 3 basis points to 1.60 per cent. “We are getting a healthy reset of richly valued stocks due to rising cost of capital and it can be violent,” Peter Garnry,...

Source: afr.com
Greensill Crisis Pressures Ambitious 'Savior of Steel' Gupta - Vimarsana News

Greensill Crisis Pressures Ambitious 'Savior of Steel' Gupta

Greensill Capital’s unraveling is piling pressure on the sprawling empire of a British industrialist known as the “savior of steel.”

Source: msn.com
PRECIOUS-Gold holds near multi-month lows as U.S. yields advance - Vimarsana News

PRECIOUS-Gold holds near multi-month lows as U.S. yields advance

* U.S. Fed officials prepared to keep monetary policy easy * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (Updates prices) Feb 18 (Reuters) - Gold lingered near 11-week lows in choppy trading on Thursday as investor optimism for a global economic recovery raised U.S. Treasury yields and made the precious metal less attractive. Spot gold inched 0.1% lower to $1,774.21 per ounce at 1:45 p.m. EST (1845 GMT), near its lowest since Nov. 30 at $1,767.20, hit earlier. U.S. gold futures settled up 0.1% at $1,775. Recent U.S. data, including manufacturing numbers from t...