Commodities - Angel One

Gold: Gold remained stable during the week, swinging between the US Fed’s rate hike fears and the uncertainties surrounding the US banking crisis. Bullion prices started the week on an upbeat note, rising half a percent thanks to a weaker dollar. Prices have remained steady near the $2000 mark. Download Report

NSE USD INR: NSE USDINR May as seen in the weekly chart above has opened the week gap up at 82.2925 levels. Starting of the week price corrected sharply and made weekly low of 82.0425 levels. Later on, price could not able to sustain on lower levels, it has rallied sharply and made a weekly high …

Gold: The weakness in gold prices was extended to yet another week, as sport gold slipped nearly 1 percent. The week began on a negative note, with the yellow metal falling below the $2000 level. Following the release of favorable economic data from the United States, prices fell to their lowest level in more than two …

USDINR: Last week, the Indian Rupee initially weakened due to the cash and hedging dollar demand and higher US Dollar Index and yields. Other Asian currencies like the Chinese yuan and the Korean won have also weakened impacted by the yields. Download Report

NSE USD INR: NSE USDINR Apr as seen in the weekly chart above has opened the week gap down at 81.95 levels. Same day of the week price corrected and made weekly low of 81.85 levels. Later on, price could not able to sustain on lower levels, it has rallied sharply and made a weekly high …

USDINR: In the holiday shortened last week, the Indian Rupee traded in a range bound manner with a slight stronger bias on account of a huge inflow of funds that was expected to come on account of doubling of MSCI weightage. Download Report

Gold: The yellow metal continued to advance after the previous week’s strong conclusion, with prices increasing by more than 1% for the entire week. Gold prices started the holiday-shortened week strong and ended close to record highs seen in the year 2020. Download Report

NSE USD INR: NSE USDINR Apr as seen in the weekly chart above has opened the week gap down at 82.45 levels. Same day of the week price rallied and made weekly high of 82.62 levels. Later on, price could not able to sustain on higher levels, it has corrected sharply and made a weekly low …

USDINR: Last week, the Indian Rupee appreciated by almost 0.34 percent on account of huge corporate inflows. Furthermore, weak manufacturing and job openings data dented demand for the US Dollar Index. Download Report

Gold Gold prices rose slightly in the previous week, recouping the minor drop seen the previous week. This week, bullion prices ended the quarter and month on a higher note, as expectations that the Fed will consider a rate-hike pause in the aftermath of the failure of two US regional banks. The weaker US dollar …