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ICYMI, China’s poor Q2 GDP data is here in this post, a miss for both q/q and y/y: The reasons behind relatively slow growth in China are not mysterious: protracted property downturn the property sector is debt-ridden household consumption is weak The poor data will intensify calls for further stimulus measures. The third plenum is

Gold prices inched down on Monday as the dollar held firm, while investors looked towards comments from Federal Reserve officials and economic data for further cues on U.S. interest rate path. FUNDAMENTALS * Spot gold was down 0.2% at $2,407.29 per ounce, as of 0049 GMT. U.S. gold futures fell 0.4% at $2,411.20. * U.S.

UPCOMING EVENTS: Monday: New Zealand Services PMI, PBoC MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, BoC Business Outlook Survey, Fed Chair Powell. Tuesday: Eurozone ZEW, Canada CPI, US Retail Sales, US NAHB Housing Market Index. Wednesday: New Zealand Q2 CPI, UK CPI, US Housing Starts and Building Permits, US Industrial Production and

Including gold in retirement portfolios in India offers several advantages, such as diversification, inflation protection, improved portfolio performance, and liquidity. Gold’s historical status as a store of wealth and crisis commodity, along with its cultural significance and tax benefits, makes it an important component of a comprehensive retirement strategy. Incorporating gold into retirement portfolios in

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

Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world’s biggest oil market, the United States, bolstered investor confidence. Brent crude futures rose 37 cents, or 0.4%, to $85.77 a barrel by 0031 GMT. U.S. West Texas Intermediate crude futures rose 50

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 corrected lower on Friday following three straight days of gains which had pushed it to the highest level since May 22. The metal closed with a slight loss of 0.11% at $2411 on Friday as it rose for the third straight week. It was up 0.83% on the weekly closing basis. The US

Dollar weakened broadly last weeks market expectations on Fed’s policy path shifted dramatically. The June US CPI report continued the narrative painted by the previous week’s Non-Farm Payroll data, both suggesting further cooling in economic activity and easing price pressures. These developments have firmly positioned a September Federal Reserve rate cut as a near certainty

Yesterday, the US CPI was a friendly number as it came in lower than expectations. Today, the PPI data was the exact opposite. The headline numbers for the month were not only higher, but the prior months were revised higher as well. The USD and yields move higher initially after the report, but the memory

Gold prices traded marginally higher early on Friday amid some profitbooking after a strong Thursday rally which saw the yellow metal breach its highest levels in five months after softer US inflation data cheered Street on hopes of at least two rate cuts this year. The Indian bullion prices took their cues from the international

Japanese Yen is currently the best performer of the week, bolstered by alleged intervention by Japanese authorities overnight. Both Finance Minister Shunichi Suzuki and outgoing top currency official Masato Kanda declined to confirm whether Japan had intervened, with Suzuki reiterating that foreign exchange levels should be market-determined but rapid fluctuations are undesirable. He added that

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

Motilal Oswal Financial Services forecasts a bullish outlook for silver, projecting prices to reach Rs 1,25,000 domestically within 12-15 months. Despite recent gains of over 30%, analysts anticipate periodic profit-taking, advising investors to capitalise on any significant dips in prices. Key support levels identified by Motilal are near Rs 86,000-86,500. The upward revision of price

Dollar is under some selling pressure in early US session despite stronger-than-expected PPI readings. However, downside momentum of the greenback is relatively limited. The post-CPI selloff yesterday did not gain significant traction, partly because stock markets unexpectedly retreated. Currently, futures are indicating a flat opening, and if activity in risk markets remains subdued in this

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 eased on Friday but headed for a third straight weekly rise, after cooler-than-expected U.S. inflation data sparked hopes that the Federal Reserve will likely start cutting interest rates in September. Spot gold fell 0.2% at $2,408.70 per ounce, as of 0148 GMT after rising 2% on Thursday. U.S. gold futures eased 0.3% at

Dollar weakened notably against Sterling and Aussie overnight, but held steady against other currencies. Market focus is now on the upcoming US consumer inflation data, with expectations of a slowdown in the headline CPI and steady core CPI. Fed Chair Jerome Powell’s testimony this week boosted risk sentiment, driving US stocks to record highs. However,