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 The Chinese city where the coronavirus epidemic first broke out, Wuhan, ended a two-month lockdown on Wednesday, allowing people to leave the city, if they were healthy, amid concerns of a second wave of infections as cases in mainland China rose. China sealed off the cityRead More →

Europe Posts Strong Gains; More Stimulus Eyed

By Ritu, Capital Sands European stock markets have pushed firmly higher Tuesday, as investors anticipate more financial aid to help bolster the region’s battered economies. The EU’s finance ministers will be in focus Tuesday as they meet to try and agree a list of measures to mitigate the impact ofRead 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 →

Europe Largely Flat; Eyes on U.S. Unemployment Data

By Ritu, Capital Sands European stock markets traded in tight ranges Thursday, after Wednesday’s sharp losses to start the month, with the tone remaining cautious as investors awaited key U.S. unemployment data later. At 3:55 ET (0755 GMT), the U.K.’s FTSE index traded 0.4% higher, France’s CAC 40 was up 0.2%, while the DAX fell 0.2%.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 →