weekly inflow since March 2022 last week, data by the World Gold Council (WGC) showed on Monday. Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal , which hit a record high of $2,956.15 per troy ounce on Monday. Gold ETFs saw an inflow of
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Gold prices hovered near a record high on Tuesday, supported by safe-haven demand amid concerns over U.S. President Donald Trump’s tariff plans which could fuel inflation and escalate a global trade war. FUNDAMENTALS * Spot gold was little changed at $2,949.46 an ounce as of 0105 GMT, about $7 shy of the all-time high of
In a world marked by geopolitical uncertainties, changing monetary policies, and economic volatility, gold continues to shine as a reliable investment avenue. In an interview with ETNow Sanjay Bembalkar, Co-Head of Equity at Union Asset Management Company, highlights the strategic importance of gold in an investor’s portfolio, particularly through Gold ETFs (Exchange Traded Funds). In
Gold prices surged to nearly their record high level on Monday before witnessing some profit booking amid uncertainty and safe haven buying. On Tuesday, Gold April futures contracts at MCX opened higher today at Rs 86,380 per 10 gram, which is up by 0.22% or Rs 200 Silver March futures contracts also opened higher today.
Oil prices climbed in early Asian trading hours on Wednesday, bouncing off two-month lows hit in the prior session, after an industry group reported U.S. crude stockpiles fell last week. Brent crude oil futures rose 27 cents, or 0.4%, to $73.29 a barrel by 0134 GMT. U.S. West Texas Intermediate crude oil futures were up
Gold prices jumped on Wednesday by Rs 170 to Rs 85,824 per 10 grams in futures trade on the multi-commodity exchange. The gold contracts traded 0.13% higher for April delivery. The yellow metal has been surging to record highs of late and breached a fresh record on Monday before booking some profit booking amid uncertainty
Euro opened the week slightly higher against all major currencies, as traders reacted positively to the German election results. Conservatives CDU/CSU secured victory, setting Friedrich Merz up as the next chancellor. However, Euro’s gains remain limited, as uncertainty over coalition talks persists, with negotiations potentially dragging on until Easter. While Merz’s CDU/CSU emerged as the
Euro’s brief post-election rally faded quickly, as investors welcomed CDU/CSU’s victory but remained cautious due to lingering uncertainties around coalition formation and fiscal policy. While a relatively centrist government comprising CDU and the Social Democrats would provide stability, challenges surrounding the “debt brake” reform and defense spending continue to cloud the outlook. A coalition with
Dollar gained slightly overnight, buoyed by mild risk aversion and ongoing tariff threats from President Donald Trump. However, the lack of follow-through momentum in the greenback suggests traders remain hesitant to commit to large directional bets amid persistent policy uncertainty. US stock market weakness has been most pronounced in the NASDAQ, which fell by more
Dollar weakened notably against European majors and Yen as markets transitioned into US session, despite subdued overall trading activity. The decline was largely driven by extended fall in US 10-year Treasury yield, which hit its lowest level since mid-December. Beyond geopolitical and trade war concerns, market focus has turned toward whether slowing US consumption and
Dollar remains stuck in a tug-of-war of conflicting forces. On one side, extended decline in US Treasury yields is pressuring the greenback, while on the other, risk aversion is offering some support. 10-year Treasury yield fell to its lowest level since December, looks on track to test the next Fibonacci support at 4.2%. Bond markets
Dollar appears to be gathering steam for a stronger, sustainable near-term rebound, although the precise catalyst remains unclear. One contributing factor an undercurrent of risk aversion, which is reflected in the broad selloff in the Australian and New Zealand Dollars. Yet, the overall market picture is mixed, as US stock futures inch higher and Treasury
AI hype and data-center capex have been major market drivers in the past year but there is some angst lately about how much is being spent and whether there is a real business case for it all. That really kicked off with DeepSeek undercutting cost assumptions and now there is a TD note doing the
UPCOMING EVENTS: Monday: German IFO. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI. Thursday: Switzerland Q4 GDP, US Durable Goods Orders, US Q4 GDP (2nd estimate), US Jobless Claims. Friday: Tokyo CPI, France CPI, Germany CPI, Canada GDP, US PCE. Tuesday The US Consumer Confidence is expected at 103.0 vs. 104.1 prior. The last report
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UMich 5 year inflation expectations Did people really think Donald Trump was going to lower grocery prices? For all the thinking and analyzing people do about the election, there was one party that oversaw a spike in inflation and Donald Trump who said he was going to lower prices on Day 1. Of course, there’s
Canada is at the nexus of several major trends that will unfold in the second half of the decade. It’s a big challenge but it’s also a huge opportunity that could unlock a geographically-gifted country that’s trading at a discount. Things I’m watching: 1) Tariffs I’ve long said that I think they’re a bluff. That
Pres. Trump is saying that is Isreal’s Netanyahu is “not torn” about the way forward in Gaza war. He “wants to go in” Asked if he prefers the 2nd phase of hostage release or go after Hamas, Trump said “I can go either way” Yesterday Hamas returned the remains of 2 children and a mother.