Prices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors sought safe havens following Russia’s invasion of Ukraine. The country imports almost all the bullion it consumes and costs are rising as the Indian currency trades near a record low.
Instruments Code Dividend in instrument currency (value per Instrument for Long positions) Dividend in instrument currency (value per Instrument for Short positions) Date Time (GMT) Index Honk Kong 50 Cash/Futures 1.1820 -1.1820 24/03/2022 21:59 Australia 200 Cash/Futures 0.1131 -0.1330 24/03/2022 21:59 US SPX 500 Cash/Futures 0.0298 -0.0350 24/03/2022 21:59
One important reason is lower bond prices mean higher bond yields. Investors who hold bonds for income are pleased when their prices fall, because those bonds continue paying the same income as before.
Analysts noted that gold is consolidating in a narrow range following a sharp decline.