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Top related persons:
Emelia Sithole - 2 Bullion - 1 David Meger - 1 Tai Wong - 1 Anushree Mhukerjee - 1 Alexander Manzyuk - 1 Austan Goolsbee - 1 Daniel Ghali - 1
Top related locs:
Bengaluru U.S New York Novosibirsk Siberian Russia EVs China
Top related orgs:
Thomson - 3 Companies - 2 Treasury - 2 U.S . Federal - 1 CPI - 1 PPI - 1 High - 1 Investors - 1

Search resuls for: "Anushree Ashish Mukherjee"


3 mentions found


☆ Gold eases as firm dollar counters bets on peak US rates
  + stars: | 2023-11-15 | by ( Anushree Ashish Mukherjee | ) www.reuters.com   time to read: +2 min
U.S. gold futures fell 0.2% to $1,961.10 . Denting bullion's appeal, the dollar index (.DXY) was up 0.4%, while benchmark 10-year U.S. Treasury yields rebounded after a revision of retail sales data showed strong gains in September. Bullion gained over 1% in the previous session after data showed that U.S. consumer prices were unchanged in October. U.S. producer prices fell by the most in 3-1/2 years in October, the latest indication of subsiding inflation pressures. While gold is considered an inflation hedge, rising interest rates dull non-yielding bullion's appeal.
Persons: Bullion, David Meger, Tai Wong, Anushree Mhukerjee, Emelia Sithole Organizations: Companies, U.S . Federal, Treasury, CPI, PPI, High, Investors, Thomson Locations: U.S, New York, Bengaluru
☆ Gold advances as yields, dollar slip after US inflation data
  + stars: | 2023-11-14 | by ( Ashitha Shivaprasad Anushree Ashish Mukherjee | Ashitha Shivaprasad | Anushree Ashish Mukherjee | ) www.reuters.com   time to read: +2 min
REUTERS/Alexander Manzyuk Acquire Licensing RightsSummaryCompanies US consumer prices unchanged in OctoberU.S. dollar eyes worst session in a yearSilver, palladium gain more than 3%Nov 14 (Reuters) - Gold prices gained 1% on Tuesday as the dollar and Treasury yields retreated after softer-than-expected U.S. consumer inflation data fuelled bets that the Federal Reserve may be done hiking interest rates. U.S. consumer prices were unchanged in October and underlying inflation showed signs of slowing. We are expecting a significant deterioration in the data over the course of the fourth quarter, which should weaken dollar and support gold," said Daniel Ghali, commodity strategist at TD Securities. "Over the next six months, we're looking at gold prices to rally towards $2,100 per ounce." Reuters GraphicsBoosting bullion's appeal, the dollar index (.DXY) fell 1.4%, its biggest daily decline in one year, while benchmark 10-year Treasury yields eyed their worst day in eight months after the inflation data.
Persons: Alexander Manzyuk, Austan Goolsbee, Daniel Ghali, Commerzbank, Ashitha Shivaprasad, Emelia Sithole, Shilpi Majumdar Organizations: REUTERS, Companies, Treasury, Federal, Chicago Fed, TD Securities, Reuters, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru
☆ Goldman Sachs says rising EV usage to power higher copper demand
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
July 6 (Reuters) - Goldman Sachs said rising usage of electric vehicles (EV) was a "key pillar of copper's bullish story", forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025. Last year, EV production accounted for about two-thirds of the increase in global copper demand, with EVs likely accounting for about 27% of additional copper consumption over the next decade, the bank said. Goldman said its analysts were optimistic about EVs, anticipating "strong sales in China, driven by lower prices and a high demand for EVs that has been building up over the rest of 2023." Benchmark copper prices on the London Metal Exchange (LME) lost 7.5% in the second quarter of 2023 due to a slow recovery in demand in China and concerns over global economic growth. However, copper usage in EVs could fall in the longer term, with the amount of copper used per EV likely falling to 65 kg per unit by 2030, compared with 73 kg in 2022, the bank said.
Persons: Goldman Sachs, Goldman, Anushree Ashish Mukherjee, David Holmes Organizations: London Metal Exchange, Thomson Locations: EVs, China, Bengaluru
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