Gold has enough steam left to gravitate to mid-$2,000/oz

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Gold prices remain below a psychological threshold of $2,000/troy ounce as investors are cautiously watching two key events this week — the U.S. Republican national convention where President Donald Trump will accept  his party’s nomination for the November election and the Federal Reserve’s annual Jackson Hole symposium. While market analysts feel there could be some […]

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Oil market’s recovery from covid will be long and hard: Moody’s

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Oil market’s covid-induced disruption in the first half of this year will unsettle long-term energy consumption patterns in developed markets and heighten oil and gas price volatility, according to Moody’s. It expects growth will slow for the industry, which now faces more uncertainty about future demand. “We expect an uneven, extended recovery that depends on a […]

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Pandemic economics aids India’s exports to China rise the fastest

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Despite tensions with arch rival China, India ‘s exports to its East Asian neighbour have recovered faster than to others such as the United States and the United Kingdom, with shipments flowing back to countries where the Covid-19 spread has been checked, according to CRISIL Research. Latest country-wise data for June shows India’s exports to China rose […]

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Weekly Wrap – Optimists cheer, Cassandras sneer, reality is somewhere in between

The U.S. economy picked up momentum this month as firms shook off the effects of the pandemic-induced downturn, though recoveries in other parts of the world slowed, according to new surveys of purchasing managers. Data released on Friday suggest U.S. firms are seeing demand return as they reopen from the lockdowns imposed in the spring […]

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India’s fuel demand continues to weaken as coronavirus crisis worsens

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India’s fuel demand dragged lower in July, posting its fifth consecutive year-on-year decline, government data showed on Tuesday as a spike in coronavirus cases and floods in many parts of the country restricted economic activity. Consumption of refined fuels, a proxy for oil demand, fell to 15.68 million tonnes in July, 11.7 per cent lower compared with […]

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