Gold prices inched up on Tuesday, buoyed by a weaker U.S. dollar and bond yields, ahead of a key inflation report and comments from Federal Reserve officials for further clues on when interest rate cuts will commence. Spot gold was up 0.4% at $2,038.15 per ounce as of 1229 GMT, hovering near its highest since
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As the market transitions into early US session, Yen remains the best performer of the day, riding on Japan’s stronger-than-anticipated CPI data. Despite the positive undercurrent, Yen has yet to find decisive buying momentum, suggesting that most traders are still on the sideline. Meanwhile, Australian Dollar trails as the second strongest for now, followed by
Bitcoin’s recent meteoric rise has the crypto world buzzing! Here’s why the digital gold is shining brighter than ever: 🌬️ Bitcoin regulatory tailwinds 📈 The buzz around the US’s approval of a Bitcoin futures ETF has sent waves of optimism across the market. This key regulatory nod 🎉 opens the doors wide for institutional investors
Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries. Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures (WTI) climbed 15 cents, or 0.2%, to $77.73 a barrel.
Japanese Yen found modest strength in Asian session today, lifted by stronger than expected consumer inflation data from Japan. At the same time, two-year yield climbed to its highest point since 2011 while Nikkei is steady. The data intensified speculations around BoJ’s move to abandon its negative interest rate policy. Almost all economists are expecting
The major stock indices are closing modestly lower. After closing at record levels on Friday, both the S&P and Dow industrial average are lower. No record closes today. The snapshot ofthe closing levels shows: Dow industrial average fell -62.25 points or -0.16% at 39069.29 S&P fell -19.25 points or -0.38% at 5069.54 Nasdaq fell -20.58
Gold prices inched down on Monday, pressured by a firmer dollar, while investors awaited further clues on the U.S. Federal Reserve‘s timing of this year’s first interest rate cut. FUNDAMENTALS * Spot gold was down 0.3% at $2,030.9 per ounce, as of 0100 GMT. U.S. gold futures edged 0.4% lower to $2,040.6 per ounce.* The
The global financial markets are overall very quiet today, marked by a noticeable absence of significant economic data releases or impactful news. Euro emerges as the frontrunner, leading European majors higher, while Yen sees a slight dip in anticipation of Japan’s CPI data set to be released tomorrow. Commodity currencies are on the weaker side,
The week will kick off with the print of U.S. new home sales data on Monday. Tuesday will bring additional data releases in the U.S. including durable goods orders m/m, core durable goods orders m/m, CB consumer confidence and the Richmond manufacturing index. On Wednesday Australia will publish its CPI y/y data, New Zealand will
Gold traded in the red in the early trade on Monday dragged by an uptick in the dollar index (DXY), which is still hovering around the 104 mark against a basket of six major currencies. The DXY was up 0.06 points or 0.06%. It has depreciated by 0.24% over the last five sessions. Taking cues
New Zealand Dollar weakens broadly in Asian session today, reflecting market caution ahead the RBNZ decision later this week, on concerns of less hawkish than expected outcome. The selloff in Kiwi is also dragging down Australian Dollar some what, while Yen and Dollar found some room to recover from last week’s losses. At the same
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
SINGAPORE, – Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT, while U.S. West Texas Intermediate crude futures were 25 cents, or 0.3%, lower at $78.36.
WTI crude oil weekly The oil market finished last week on an optimistic note, closing just below the $80 level and threatening to break to the highs since November. Alas, the dam didn’t break and oil has slumped back to $76.62, finishing at the lows of the week. For most of the shortened week, oil
Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let’s delve into the seasonal trends observed in the Indian market and explore
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Spot gold closed with a gain of 0.57% at $2036 Friday. The metal was up nearly 1% on the week. As per the macroeconomic data released Friday, China’s new home prices – 70 City Index (January) slid for the eighth consecutive month in January. Germany’s GDP contracted 0.30% in the 4Q as per the final
The past week marked a significant milestone in global financial markets, as major indices like DOW, S&P 500, DAX, CAC, and even Nikkei all reached new record highs, buoyed by the widespread euphoria surrounding artificial intelligence related sectors. This wave of optimism to eclipsed the recalibrated expectations that some major central banks, like Fed, would