Gold prices dropped due to firmer U.S. Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. Pessimism surrounding China’s coronavirus conditions weighs on the gold prices. Indian gold dealers were forced to offer the steepest discount in six years last week. The yellow metal prices stays pressured on Monday [...]
Fundamental view: Bitcoin traded high and erased some of its previous week’s losses against the greenback during this week. Financial Market was largely impacted with the Russia- Ukraine tension this week. President Joe Biden’s new executive order on cryptocurrency that was announced Wednesday saw Bitcoin’s price increase by 10%, before falling back. The order directed government agencies to coordinate [...]
Fundamental view: The yellow metal climbed high against the US dollar during the trading course of the week. Market sentiment remained sour for most of the week, which helped the safe-haven flows and it reached to its highest level above $2,070 on Tuesday. However after Thursday’s meeting between the foreign ministers of Russia and Ukraine, [...]
Fundamental view: Australian dollar dropped against the American dollar during the trading course of the week However, the commodity-linked currency AUD managed to reach its 2022 high of 0.7440 against its American rival before dropping. Headlines relating to Russian invasion of Ukraine dominated the where the situation worsened on a daily basis. However Market sentiment [...]
