Gold has been one of the top-performing asset classes in terms of returns over the past year. The returns from the yellow metal from the last Akshaya Tritiya (May 3, 2022) are around 20% and is likely to maintain momentum for the next 12 months. Investors can consider buying gold and related instruments not just
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This tweet will be one year old tomorrow and I think it captures the popular sentiment at the time. What’s happened since? Mortgage rates have risen faster and higher than nearly everyone thought and what’s happened? In today’s US existing home sales report, prices were down just 0.9% y/y. The largest US home builder —
Swiss Franc is currently the strongest performer for the day, showing a notable gain the Euro. Japanese Yen and Australian Dollar follow closely, indicating that the market moves are not predominantly driven by risk aversion. In contrast, New Zealand Dollar is the weakest, as lower-than-expected inflation data increases hopes that RBNZ is nearing a pause
NEW DELHI: Gold prices softened on Thursday following strength in the US dollar as Street keeps its eyes fixed on the Federal Open Market Committee (FOMC) meeting scheduled early next month. Bullion is expected to trade range-bound over the next two weeks. Any rate hike by the US Federal Reserve is expected to strengthen the
There’s been plenty of back and forth action in markets this week as traders continue to weigh up the outlook for major central banks. UK CPI data triggered some more sticky inflation fears yesterday but not everything, everywhere else is equal. NZ CPI data came in softer today and that is prompting markets to price
New Zealand Dollar dropped broadly in Asian session today after a lower-than-expected consumer inflation reading increased speculation that the next RBNZ rate hike may be the last in the current cycle. This development also pulled Australian Dollar down, making them the day’s worst performers so far. In contrast, Swiss Franc and Euro are trading higher,
The price of WTI crude oil futures are settling at $79.16. That’s down $1.70 or -2.10%. The high price today reached $81.24. The low price reached $78.93. As mentioned in a prior post, the low price was able to start to dig into the gap from the OPEC+ weekend meeting where they cut production (on
Gold prices declined Rs 510 to Rs 59,940 per 10 grams in the national capital on Wednesday amid weak global trends, according to HDFC Securities. The precious metal had closed at Rs 60,450 per 10 grams in the previous trade. Silver also plummeted Rs 920 to Rs 74,680 per kg. “Spot gold prices in the
Sterling climbed broadly today following the release of data showing that March’s inflation slowed less than expected, with CPI remaining in double digits. This development supports expectations of a further 25bps rate hike by BOE in May, with some speculating that an additional increase could bring the terminal rate to 4.75% in June. Despite this,
Hotter-than-expected UK inflation isn’t really benefiting the pound as much as it is the dollar at the moment it would seem. The report here is posing fresh questions to broader markets as to whether inflation is going to continue to be a problem in the months ahead, after having been brushed aside in recent weeks.
Gold and silver futures opened on a cautious note on Wednesday and traded with minor losses. With just two days left for Akshaya Tritiya, the yellow metal is expected to regain its appeal. The demand for bullion is expected to increase this time too as investors will look to buy gold in whatever form they
The markets have been somewhat directionless this week, with most major currencies remaining within last week’s trading ranges against one another, excluding a few Yen pairs. US stock indexes are consolidating in tight ranges with minor pullbacks, while the 10-year yield struggles below a short-term resistance level. Gold prices are recovering weakly, and oil prices
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 were little changed on Tuesday as investors sought clarity on whether the U.S. Federal Reserve would pause after a widely expected interest rate hike in May. FUNDAMENTALS * Spot gold was flat at $1,994.85 per ounce, as of 0027 GMT. U.S. gold futures were also unchanged at $2,006.50. * Gold prices fell to
Canadian Dollar weakens broadly in early US session, after data showed that consumer inflation slowed notably in March, in line with market expectations. However, Dollar has emerged as the day’s worst performer, reversing some of this week’s gains, even when compared to Yen. In contrast, Australian and New Zealand Dollars are performing strongly, buoyed by
Prior 98k; revised to 39k February ILO unemployment rate 3.8% vs 3.7% expected Prior 3.7% February employment change 169k vs 50k expected Prior 65k February average weekly earnings +5.9% vs +5.1% 3m/y expected Prior +5.7%; revised to +5.9% February average weekly earnings (ex bonus) +6.6% vs +6.2% 3m/y expected Prior +6.5%; revised to +6.6% The
Jeera’s outlook is positive, in the short term as prices are trading at very high levels. We are expecting some profit booking to be seen in the prices. Currently prices are trading around Rs 42,000 levels on NCDEX. The outlook for Dhaniya and Turmeric is also positive in the long term. Export demand on the
Australian Dollar is gaining ground today, supported by RBA minutes that revealed a rate hike was discussed during the April meeting. Encouragingly, stronger than expected Chinese GDP data is also contributing to the Aussie’s rise. Meanwhile, Dollar’s momentum has waned after yesterday’s rally, and Yen remains under broad pressure. Sterling and Canadian Dollar are currently