Gold prices were stuck in a narrow range on Tuesday as investors refrained from taking big positions ahead of U.S. inflation data that could offer more clarity on whether the Federal Reserve is likely to raise interest rates further. Spot gold was flat at $1,945.45 per ounce, as of 0303 GMT. U.S. gold futures edged
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The financial markets are intently focused on the upcoming US CPI report, a key indicator that could influence Fed’s next steps. Expectations are leaning towards further slowdown in headline inflation to 3.3%, while core inflation rate is projected to remain steady at 4.1%. However, there’s a growing consensus among economists about the potential for upside
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 prices edged higher on Monday as investors look forward to U.S. inflation data after hawkish remarks from Federal Reserve Chair Jerome Powell pushed bullion to a more than three-week low last week. FUNDAMENTALS* Spot gold was up 0.1% at $1,939.19 per ounce, as of 0102 GMT, after slipping to its lowest since Oct. 18
There’s a noticeable lack of a unifying theme in the forex markets today, largely attributed to an empty economic calendar across European and North American regions. Both Australian Dollar and British Pound are seeing a rebound from their recent downturns, particularly noticeable in currency crosses. However, the continuation of this momentum hinges significantly on impending
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 and silver futures traded weak on the MCX on Monday amid lack of positive triggers. On the Comex, the yellow metal traded flat hovering near three-week lows as the Street awaits US inflation data for more cues on the interest rate trajectory from the US Federal Reserve. The December gold futures were trading at
Japanese Yen continues to weaken, accelerating its decline in today’s Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this stage, despite the steep and extended depreciation. But the country’s approach to currency intervention remains shrouded in typical discretion. So,
UPCOMING EVENTS: Monday: Japan PPI. Tuesday: UK Jobs data, German ZEW, NFIB Small Business Optimism Index, US CPI. Wednesday: Japan GDP, Australia Wage data, China Industrial Production and Retail Sales, UK CPI, US PPI, US Retail Sales, PBoC MLF. Thursday: Australia Jobs data, US Jobless Claims, US Industrial Production, NAHB Housing Market Index, New Zealand
Dhanteras, a significant day in the Hindu calendar, is traditionally associated with the purchase of gold and silver, symbolizing prosperity and good fortune. As you embark on your Dhanteras shopping journey, here’s a guide to help you make informed decisions with the following do’s and don’ts: Do’s: 1.Research Prices in Advance:Prior to Dhanteras, research the
The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week. A snapshot of closing levels shows: Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving
Spot gold closed with a loss of 1.08% at $1938.28 Friday as safe haven demand for the metal is weakening due to no further escalation in the ongoing Hamas-Israel war. Israel has agreed to four-hour pauses in the Gaza strip to allow humanitarian aid and assistance. It has been reported that Hamas and Israel are
Dollar emerged as the best performer last week, fueled by hawkish remarks from Fed Chair Jerome Powell. The greenback’s surge raises questions: is this merely a recovery from recent losses, or the beginning of a new uptrend? While Dollar gains support, rising risk-on sentiment in the markets seems to limit its ascent. On the other
Markets: Gold down $21 to $1936 US 10-year yields up 2.2 bps to 4.65% WTI crude oil up $1.64 to $77.38 S&P 500 up 1.4% EUR leads, JPY lags There was a stark contrast to what was happening in the stock market and elsewhere. The finishing FX moves on the day were limited with modest
Many festivals in India are considered auspicious to buy Gold, and Dhanteras is among the favourites. In India, people invest in Gold for long-term gains. That is why Indian households have the highest reserves of Gold, roughly 21000 tonnes. Gold is very close to Indian’s hearts and is a more sentimental investment than a speculative
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
Crude oil shed to a near four-month low last week due to easing supply tensions in the Middle East, rising OPEC exports, mixed economic data release from China, and a surge in US inventory levels. Prices corrected by more than 16 percent since the middle of October when it surpassed $90 a barrel on worries
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