By Administrator_India Capital Sands Gold prices in Asia were down in Asia on Thursday morning despite the continuing economic uncertainty caused by the COVID-19 virus. The yellow metal could not hold onto its steady gains from the previous session as gold futures dropped by 0.11% at $1,82.45. For the third day in a row, prices for theRead More →

By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe is set to announce a state of emergency on Tuesday for the capital Tokyo and six other prefectures to stem a worrying rise in coronavirus infections in major population centers. The government is also planning to finalize a massive stimulus packageRead More →

By Admnisitrator_India Capital Sands   India’s gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source said on Monday. The world’s second-biggest consumer of the precious metal importedRead More →

By Admnisitrator_India Capital Sands   India’s gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source said on Monday. The world’s second-biggest consumer of the precious metal importedRead More →

By Administrator_India Capital Sands India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said on Thursday, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt,Read More →

By Administrator_India Capital Sands The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies gained 0.53% overnight as the U.S. currency advanced againstRead More →

Oil majors slash 2020 spending by 20% after prices slump

By Ritu, Capital Sands The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. Cuts already announced by eight majorRead More →

European shares inch higher but set for worst quarter since 2002

By Ritu, Capital Sands European stocks inched higher on Tuesday with investors buying into defensive sectors as they awaited further signs that the economy could weather the fallout from a near total global shutdown to curtail the spread of the coronavirus pandemic. The pan-European STOXX 600 index  was up 1.1%Read More →

By Administrator_India Capital Sands Asian stock markets made modest gains as China announced a higher-than-expected Purchasing Manager’s Index data. China’s Shanghai Composite gained 0.41%, while Shenzhen Component was up 1.26% after data showed the country’s March manufacturing PMI came in at 52.0, compared with the record low of 35.7 last month. Analysts hadRead More →

Oil plunges to 2002 lows, shares sink again

By Administrator_India Capital Sands Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme, butRead More →