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Mumbai: Investors must brace for sharp swings in prices of gold after the recent run-up that pushed the precious metal to record levels on Friday. Fund managers and analysts said upside in gold could be limited hereon citing overbought levels and uncertainty over the pace at which central banks would cut interest rates. Silver would

UPCOMING EVENTS: Monday: Switzerland CPI. Tuesday: Tokyo CPI, China Caixin Services PMI, RBA Policy Decision, Eurozone PPI, Canada Services PMI, US ISM Services PMI, US Job Openings. Wednesday: Australia GDP, Eurozone Retail Sales, US ADP, BoC Policy Decision. Thursday: China Trade data, Switzerland Unemployment Rate, US Challenger Job Cuts, US Jobless Claims. Friday: Japan Wage

Domestic gold surged to a fresh all-time high as the most active MCX near-month futures boomed to Rs 63350 per ten grams last week. Firm overseas prices, weak Indian rupee and expectations of an increase in jewelry demand and peak wedding season propelled the sentiment towards the metal. The Indian trade body is expecting business

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

The week ending December 1 was marked by speeches of two important Federal Reserve officials – Waller, the Federal Reserve Governor and Powell, the Federal Reserve’s Chair. Financial markets construed the much awaited Powell‘s speech Friday as decisively dovish as he did not seem to push hard against the markets’ expectations of hefty rate cuts

Financial markets were dominated by themes of cooling inflation, a slowing economy, and increasing expectations of policy easing by both ECB and Fed last week. This convergence of factors ignited a full risk-on mode among investors, propelling major US stock indexes and Germany’s DAX to sharp gains. In tandem, benchmark treasury yields in both Europe

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

In the wake of an all-time high in gold prices post the festive season, investors are closely scrutinising past trends for insights into the potential duration of this rally and the likelihood of a corrective phase in the near future. Historically, gold has exhibited a characteristic pattern of correction, typically around 10%, following a robust

Markets: S&P 500 up 27 points, or 0.6%, to 4603 Gold up $35 to $2071 WTI crude oil down $1.70 to $74.26 US 10-year yields down 13.3 bps to 4.56% AUD leads, EUR lags Welcome to the new month, same as the old month. The mood was to buy everything and sell oil, same as

Oil prices were stable on Friday following a 2% drop on Thursday, with the market unconvinced that the latest round of OPEC+ production cuts will be able to lift prices out of their recent slump. Brent crude futures for February rose by 16 cents, or 0.2%, to $81.02 a barrel by 1520 GMT on their

Canadian Dollar is firming slightly up in early US session, bolstered by stronger-than-expected Canadian job growth data. Despite the weakness in oil prices following disappointment over OPEC’s production cut decisions, Loonie is displaying resilience. However, in the weekly performance chart, while Canadian Dollar is outshining Australian Dollar, it still lags behind the New Zealand Dollar

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

Gold made minor recovery after initial jitters which saw yellow metal slipping in the red in the opening trade on Friday. MCX February gold futures were trading at Rs 62,670, up by Rs 30 or 0.05% from the Thursday closing price. Meanwhile, the March Silver futures were trading at Rs 77,618 per kg, higher by

The competition between Dollar and Euro for the title of the week’s weakest performer remains intense. Current talking point is particularly on ECB, where economists are increasingly predicting an early rate cut following this week’s pivotal inflation data. Goldman Sachs, aligning with this growing consensus, has updated its forecast today, now anticipating ECB to initiate

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

OPEC+ members agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s much-anticipated extension of its voluntary reduction of the same size. Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the

Dollar is staging a broad-based rebound today, driven in part by the selloff in Euro. However, a more significant factor behind Dollar’s recovery appears to be the exhaustion of selling momentum as the month draws to a close. This rebound continues after both headline and core PCE inflation data in US matched expectations, indicating that

Here’s a snapshot of price action in WTI crude over the last week or so: WTI crude oil hourly chart The latest news is this one here, with reports stating that the additional production cuts could be more than 1 million bpd; though depending on the contribution by each of the bloc’s members. It is