It’s the pace of dollar gains, rather than greenback strength itself, that is affecting gold, said Standard Bank in a snippet.
According to the bank, euro has hit a nearly two-year low against the dollar, which has taken a toll on precious metals. It remains bullish on gold structurally.
Analyst with Standard Bank stated that, “We have not seen any change in the underlying fundamental drivers of gold--global liquidity and real interest rates. To us, both still indicates a higher gold price going forward.”
Bonds gain on hopes of more RBI easing, OMOs
Government bonds rose on Monday for the ninth session in 10 on continued hopes that easing inflation would prompt the Reserve Bank of India (RBI) to cut interest rates further and inject liquidity vi
Sensex opens on a flat note
Indian markets opened the session on Tuesday marginally in the green on buying by funds and retail investors in select stocks amid weak Asian cues.
At 9.1 a.m., the 30-share BSE index Sens
Short-term rates to remain stable Tuesday
Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.
The central bank estimated today's
KL shares higher in early trade
Share prices on Bursa Malaysia opened higher in early trade driven by gains in selected heavyweights, dealers said.
As at 9.14am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.72 point