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China to hold its financial conference focused on economy, debt risks Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016 Australian PM Albanese confirms he will meet with Communist Party Chair Xi in China in Nov Chinese police raided the Shanghai offices of a London-based firm, detained an executive

Gold prices fell on Monday, retreating from a five-month peak scaled in the previous session, as robust U.S. Treasury yields cut demand for the non-yielding asset ahead of key inflation and economic growth data due later this week. FUNDAMENTAL Spot gold dropped 0.8% to $1,965.89 per ounce by 0104 GMT, and U.S. gold futures slid

UPCOMING EVENTS: Tuesday: AU-JP-EZ-UK-US PMIs, UK Unemployment Rate. Wednesday: Australia CPI, German IFO, BoC Policy Decision. Thursday: ECB Policy Decision, US Durable Goods, US GDP Q3, US Jobless Claims. Friday: Tokyo CPI, Australia PPI, US Core PCE. Tuesday The ONS last week published only the figures on the workers’ earnings, vacancies and real time information

In the past week, gold prices experienced a second consecutive rise, largely driven by the ongoing conflict in the Middle East, which has created significant uncertainty in financial markets. The week began with a slight dip in COMEX gold prices, but a remarkable one-sided rally ensued. The escalation of the Israel-Hamas conflict heightened the demand

A weekend update on the Middle East, where there are no reports that the ground war in Gaza has begun yet. An convoy of trucks carrying emergency aid has entered into Gaza The aid, a consignment of food, water and medical supplies, has arrived while air attacks continue The UN and US have warned Hamas

Gold continued its terrific rally on key central banks’ hinting at a pause in their rate hike spree and safe haven demand coming on the geopolitical tensions due to the ongoing Middle East conflict. Receding odds of a Fed rate hike in the near term and continuing Hamas and Israel war boosted gold to build

US stocks are closing the session at the lows with the Nasdaq index leading the way. The final numbers are showing: Dow industrial average -286.91 points or -0.86% at 33127.27 S&P index -53.84 points or -1.26% at 4224.15 NASDAQ index is down -202.38 points or -1.53% at 12983.80 For the trading week, the NASDAQ fell

The commodity market can be attractive for trading for several reasons, but it’s important to note that whether it is better for trading depends on your individual financial goals, risk tolerance, and trading strategies. The commodity market is popular because of its simplicity, and this market has the benefits of diversification, hedging, inflation hedges, liquidity,

As geopolitical tensions rise, the financial markets are inundated with heightened volatility and uncertainty. The bond market is particularly sensitive, evidenced by the 10-year Treasury yield soaring to 5% for the first time since 2007. This spike is multifaceted, driven in large part by a ballooning bond supply and the persistent geopolitical crises. Amidst these

Markets: WTI crude down 20-cents to $88.14 US 10-year yields down 7.6 bps to 4.91% Gold up $5 to $1978 S&P 500 down 56 points, or 13% GBP leads, NZD lags Equities took another beating but there were signs of optimism elsewhere. Buyers arrived in fixed income after a test of 10s early in US

Gold price rallied Rs 750 to Rs 61,650 per 10 grams in the national capital on Friday amid strong cues in overseas markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 60,900 per 10 grams. “Gold price advanced on Friday, following strong gains in the overseas market,” Saumil

Swiss Franc continues to dominate as this week’s top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The country’s Defence Minister, Yoav Gallant, has reportedly alerted troops that they will soon see Gaza “from inside”, and “the command

DXY daily Synopsis: BofA highlights a potential market saturation with USD long positions, as evidenced by the currency’s understated response to positive US retail data amid a contrasting rate sell-off. The report suggests that the aggressive positioning in USD longs, reaching notable highs, might hint at an overshoot in its recent ascent, aligning with negative

The quantum of inflow into gold exchange-traded funds dropped to Rs 175 crore in September after hitting a 17-month high in the preceding month, owing to profit booking. Apart from the inflows, the asset base of Gold Exchange Traded Funds (ETFs) also decreased in the period under review, as per the data from the Association

Global stock markets continues to face turbulence today, with Asian indices wrapping up in the negative zone, European markets showcasing bearish sentiments, and US futures indicating a subdued opening. A heightened sense of caution permeates the investment community due to the intensifying conflict between Israel and Hamas in the Gaza strip, fueling concerns of possible

Bloomberg (gated) with the report. Reuters too had info on this, in brief: The Indian government’s discomfort over letting state-controlled refiners pay for Russian oil imports with Chinese currency has held up the payment for at least seven cargoes, people with direct knowledge of the matter said. The tussle over payment has not disrupted deliveries

Gold prices hit a three-month peak on Friday and were set for a second straight weekly gain, with demand bolstered by the Middle East conflict and expectations that the Federal Reserve may be done with rate hikes. FUNDAMENTALS * Spot gold was steady at $1,973.99 per ounce by 0132 GMT, after hitting its highest since

Financial markets are once again immersed in a phase of risk aversion, a sentiment spurred by the notable ascent of benchmark treasury yields. US 10-year yield is confidently moving closer to the 5% mark. Even Japan’s 10-year JGB yield is hitting another decade high. The prevalent mood has propelled safe-haven currencies like Swiss Franc, Yen,