Swati Verma
Born | October 15, 1981 |
Hometown | Mumbai, India |
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Gold steady after falling the most in about 2 weeks as trade tensions ease
Gold was little changed on Wednesday after falling in the previous session as concerns about a potential trade war between the United States and China eased which supported the dollar and reduced the incentive to hold bullion as a safe-haven asset. "The gold price is mainly driven by the U.S. dollar," said Ji Ming, chief analyst, Shandong Gold Group. "The risk of trade war is shrinking, which is good for the U.S. dollar, so maybe by end of this week the U.S. dollar will not be that weak." The
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Poll - Supply discipline and demand to prop up oil prices in 2018
OPEC and Russia's efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Reuters poll of analysts showed on Thursday. The survey of 32 economists and analysts forecast Brent crude LCOc1 would average $59.88 a barrel in 2018, up from the $58.84 forecast in the previous monthly poll. Oil prices, which hit 2-1/2 year highs this week, have rallied by more than 30 percent since the Organization of the P
Thanks for your feedback! - News·Reuters
Supply discipline and demand to prop up oil prices in 2018
OPEC and Russia's efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Reuters poll of analysts showed on Thursday. The survey of 32 economists and analysts forecast Brent crude would average $59.88 a barrel in 2018, up from the $58.84 forecast in the previous monthly poll. Oil prices, which hit 2-1/2 year highs this week, have rallied by more than 30 percent since the Organization of the Petrol
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Asia gold price dip props up demand, Indian buyers await lower prices
BENGALURU/MUMBAI (Reuters) - Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world's second-biggest consumer India held off buying in the hope of further falls. Prices below $1,250 an ounce a clear buy signal for many," said Cameron Alexander, an analyst with Thomson Reuters-owned metals consultancy GFMS. Premiums were higher in anticipation of tighter supplies in Asia towards the year end, as most gold refineries shut for the Christmas
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Oil analysts grow more bullish after OPEC extends output deal - Reuters poll
Political tensions in Saudi Arabia, production disruptions in Libya and Nigeria and economic depression in Venezuela that has cut crude output will also support oil prices, the analysts said. Benchmark Brent crude futures are now forecast to average $58.84 in 2018, up more than $3 from $55.71 estimated in the previous poll at the end of October. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, led by Russia, last week extended their deal to cut output by 1.8
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NHC says 70 percent chance of tropical storm near Windward islands
(Reuters) - A tropical wave about 1,100 miles (1,770 km) east of the Windward islands has a 70 percent chance of tropical storm formation in the next 48 hours, the U.S. National Hurricane Center said on Friday. "Environmental conditions are conducive for development, and a tropical cyclone is expected to form over the weekend," the Miami-based weather forecaster said. (Reporting by Swati Verma in Bengaluru; Editing by Jonathan Oatis)
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Gold inches up as dollar weakens
By Swati Verma BENGALURU (Reuters) - Gold edged up on Thursday as the U.S. dollar weakened, although the prospect of a U.S. rate increase in June kept prices just above eight-week lows hit earlier this week. Spot gold was up 0.2 percent at $1,220.86 per ounce by 0738 GMT. Gold hit an eight-week low of $1,213.81 on Tuesday.
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Gold holds near seven-week low as safe-haven demand fades
Gold prices inched up on Tuesday, but remained near seven-week lows hit in the previous session as safe-haven demand ebbed in the wake of France's presidential election. Spot gold was up 0.2 percent at $1,228.20 per ounce at 0320 GMT, after touching a seven-week low of $1,224.86 the day before, just above its 100-day moving average. U.S. gold futures advanced 0.1 percent to $1,228.20 an ounce.
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Gold firms on euro strength after Macron wins French elections
By Swati Verma BENGALURU (Reuters) - Gold edged up on Monday on bargain-hunting after dipping to a seven-week low earlier in the session and as the euro strengthened after pro-EU candidate Emmanuel Macron won the French presidential election. Spot gold rose 0.3 percent to $1,230.64 per ounce as of 0727 GMT, after touching 1,224.86 earlier in the session, its lowest since March 17. U.S. gold futures were also up 0.3 percent at $1,230.80 an ounce.
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Indian gold jewellers stock up with eye on festive demand
BENGALURU/MUMBAI (Reuters) - Gold prices in India were at a premium this week as jewellers raised purchases ahead of a key festival, while higher prices kept bullion demand in check elsewhere in Asia. In the last week of April, Indians will celebrate Akshaya Trititya festival, when buying gold is considered auspicious. "Jewellers are anticipating good retail demand during Akshaya Trititya.
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