News

The major US stock indices are opening with gains on the day to start the trading week. Last week the Dow industrial average and S&P index both moved higher by 0.45 and 0.79% respectively. The date NASDAQ index fell -0.18%. A snapshot of the market currently shows: Dow industrial average up 209.37 points or 0.62%

Gold price plunged Rs 350 to Rs 60,150 per 10 grams in the national capital on Monday amid weak cues in international markets, according to HDFC Securities. The precious metal had closed at Rs 60,500 per 10 grams in the previous trade. Silver also declined Rs 300 to Rs 74,000 per kg. In the global

A quiet yet tense atmosphere pervades the financial markets today, as traders’ anticipation builds, eyes keenly focused on unfolding developments in the Israel-Hamas conflicts. Such geopolitical uncertainties are casting a shadow over most major trading hubs, prompting cautious moves among investors. In the European markets, major indexes are painting a mixed image. FTSE is registering

I posted analysis from TD here earlier: Adding some more remarks, including forecasts for WTI: current positioning analytics suggest that substantial buying activity could take place north of $90.50/bbl in Brent, supporting continued strength the risk premium driven by the current Israel-Hamas conflict, prompts us to say that WTI crude will trade above the $90/bbl

Discounts on Russian oil imported by India have nearly doubled in the past two months to $8- 10 per barrel as state refiners mounted pressure on suppliers and reduced their intake from Russia for a while, according to people familiar with the matter. Expanding discounts have boosted imports, increasing Russian oil’s share in India’s overall

UPCOMING EVENTS: Monday: Japan Industrial Production, NZ CPI, PBoC MLF. Tuesday: RBA Meeting Minutes, UK Jobs report, German ZEW, Canada CPI, US Retail Sales, US Manufacturing Production, US NAHB Housing Market Index. Wednesday: China GDP, China Industrial Production, China Retail Sales, China Unemployment Rate, UK CPI and PPI, US Housing Starts and Building Permits. Thursday:

Gold staged a stunning rally on Friday on escalation of the Mideast conflict. The situation took a grave turn after Israel gave Gaza Palestinians twenty-four hours to evacuate the Gaza Strip as the Israeli army prepared for a massive assault in Gaza. The ultimatum sent huge ripples of heightened geopolitical tensions that put a solid

Sat: New Zealand General Election Mon: New Zealand CPI (Q3), PBoC MLF Tue: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep) Wed: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep) Thu: BoK Announcement, Bank of Indonesia Announcement, Japanese Trade Balance

Global oil prices held steady near $85 a barrel, but traders remain cautious following the eruption of violence between Israel and Hamas, which could potentially disturb the oil supply chain in the Middle East. Prices clocked one-year highs at the end of September, driven by worries about supply shortages after a surprise extension of voluntary

Yesterday, we got an enormous US crude oil supply build, erasing five weeks of draws. It was coupled with data showing US oil production at the highest ever. Yet today we have oil up $4.69 to $87.56 and above the post-Hamas attack peak. WTI daily I highlight the fibonacci retracement levels from the October rout

Gold prices have seen a notable weekly gain of more than 3%, marking their first increase in four weeks. This surge is primarily attributed to ongoing geopolitical tensions, notably the recent conflict between Israel and Hamas. The surprise attack by Hamas on Israel has escalated the situation, leading Israel to declare war. The United States

The abrupt escalation in conflicts in the Middle East significantly influenced the global financial markets last week, causing capital influx into safe-haven assets. Amidst the military confrontations, Gold and other precious metals experienced a sharp surge in value. Oil prices also saw a rebound, reflecting the geopolitical tensions. While Treasury bonds reaped some advantages, equity

Markets: Gold up $60 to $1928 Oil up $4.74 to $87.65 US 10-year yields down 7.9 bps to 4.62% S&P 500 down 0.6% CHF leads, NZD lags This isn’t the kind of price action anyone wants to see while bombs are flying in the Middle East. The strength of the rallies in gold and oil

Gold prices jumped nearly 3% on Friday and were set for their best week in seven months, as conflict in the Middle East lifted safe-haven demand for the metal, combined with expectations that the U.S. interest rates may have peaked. Spot gold was up 2.8% at $1,921.39 per ounce by 1134 a.m. ET (1534 GMT).

Dollar staged a notable comeback overnight, accompanied by a sharp ascent in treasury yields and a downtick in stocks. This resurgence was catalyzed by the release of US CPI data that stoked concerns of another Fed rate hike this year. However, this speculation has yet to be significantly mirrored in futures pricing, which currently pegs

There are three elements to this week’s gold rally: 1) A bounce from technical support in the low $1800s. In March, gold also bounced here, as the chart illustrates. gold chart 2) US dollar weakness and worries about US debt This week’s terrible slate of Treasury auctions were a small slice of evidence that deficits

Gold extended gains on Friday and traded at two-week high levels. The gains were due to weakness in the dollar index (DXY). The MCX December gold futures were trading at Rs 58,050 per 10 grams, up Rs 132 or 0.23%. Meanwhile, the December Silver futures were trading at Rs 69,499 per kg, gaining Rs 425

As Middle East tensions escalate again ahead of the weekend, global financial markets are exhibiting a pronounced shift towards risk aversion. The news of Israel urging all civilians in Gaza City to evacuate, in anticipation of a ground invasion following a severe attack by Hamas, has sent shockwaves through the markets. Both Oil and Gold