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Big losses for bullions
Mar 03,2017

Bullion prices ended with big losses on Thursday, 02 March 2017 at Comex. Gold futures on Thursday suffered their biggest one-day loss of the year, finishing at a more than two-week low, after the U.S. dollar touched its highest levels since January on the back of increased suggestions from Federal Reserve officials fora near-term interest-rate hike.

Gold for April delivery fell $17.10, or 1.4%, to settle at $1,232.90 an ounce. Prices settled at their lowest since 14 February and saw their largest dollar and percentage decline since mid-December.

Silver for May delivery dropped 74.1 cents, or 4%, at $17.748 an ounce snapping a five-session climb.

On Thursday, the dollar, as measured by the ICE U.S. Dollar Index was trading 0.2% higher at 102 after touching its highest level in about two months. Investors are looking ahead to a speech Friday by Fed boss, Janet Yellen, for further hints on rates.

Economic data at wall Street showed that that those seeking first-time unemployment benefits in the U.S. fell 19,000 to 223,000, representing a new postrecession low and underscoring continued strength in employment. That data is likely to bolster the Feds case for rising rates.

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Rupee sops
Mar 01,2017

Rupee closed lower at 67.0375/0400 per dollar on Wednesday (01 March 2017), versus its previous close of 66.9300/9325 per dollar.

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Rupee reverses losses
Feb 23,2017

Rupee closed higher at 66.8300/8325 per dollar on Thursday (23 February 2017), versus its previous close of 66.9775/9800 per dollar.

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Precious metals end with minor losses
Feb 22,2017

Bullion prices ended lower at Comex on Tuesday, 21 February 2017 at Comex. Gold prices on Tuesday closed at break-even levels, confounding some market players as the commodity pared an earlier loss in the session, even as U.S. equities resumed their record run and the dollar strengthened.

April gold slipped 20 cents, or less than 0.1%, to settle at $1,238.90 an ounce, after trading as low as $1,226.80, earlier in the session. May silver also reduced an earlier decline to settle down 2.9 cents, or 0.2%, at $18.074 an ounce on Tuesday.

The ICE U.S. Dollar Index was up 0.5% at 101.4000. A stronger dollar usually provides a headwind to dollar-pegged assets, making them less attractive to buyers using other monetary units.

US equity indices came out of the gate strong this morning, rallying on an uptick in crude oil and the highest eurozone composite PMI reading in nearly six years. But the stock market hit a speed bump in front of the 12:00 pm ET speech from Philadelphia Fed President Patrick Harker who is a voter on this years FOMC. The speech turned out to be a non-event as Mr. Harker didnt provide any new information, reiterating his belief that three rate hikes are appropriate for 2017.

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Rupee Opens The Week Positive
Feb 20,2017

Rupee closed higher at 66.9199/0290 per dollar on Monday (20 February 2017), versus its previous close of 67.0750/0850 per dollar.

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Rupee woe continues
Feb 17,2017

Rupee continued its declining trend to close lower at 67.0750/0850 per dollar on Friday (17 February 2017), versus its previous close of 67.0675/0775 per dollar.

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Rupee continues to slide
Feb 16,2017

Rupee closed lower at 67.0675/0775 per dollar on Thursday (16 February 2017), versus its previous close of 66.8950/9050 per dollar.

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Rupee slips
Feb 15,2017

Rupee closed lower on Wednesday (15 February 2017) at 66.8950/9050 per dollar, versus its previous close of 66.8650/8750 per dollar.

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Rupee sighs relief
Feb 14,2017

Rupee closed higher at 66.8650/8750 per dollar on Tuesday (14 February 2017), versus its previous close of 67.0150/0250 per dollar.

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Rupee opens the week negative
Feb 13,2017

A wide dollar strength against a bunch of currencies dragged rupee value down on Monday (13th February). Rupee closed lower at 67.0150/0250 per dollar versus its previous close of 66.89/90 per dollar last Friday.

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Rupee sustains momentum
Feb 09,2017

Rupee closed higher at 66.8425/8525 per dollar on Thursday (09 February 2017), versus its previous close of 67.1950/2050 per dollar.

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Dollar strength drags rupee
Feb 07,2017

Rupee closed lower at 67.42/43 per dollar on Tuesday (07 February 2017), versus its previous close of 67.19/20 per dollar.

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Rupee opens the week on a strong note
Feb 06,2017

Rupee opened the week on a stronger note closing at 67.19/20 per dollar on Monday (06 February 2017), higher than its previous close of 67.31/32 per dollar last Friday.

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Rupee closes the week with gain
Feb 03,2017

Rupee closed higher on Friday (03 February 2017) at 67.31/32 per dollar, versus its previous close of 67.3675/3775 per dollar.

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Rupee widens gains
Feb 02,2017

Rupee closed higher at 67.3675/3775 per dollar on Thursday (02 February 2017), versus its previous close of 67.4750/4800 per dollar.

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