News

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,

I don’t think politics matter to the market right now or at least they shouldn’t matter but earlier this week there was selling in equities after Jim Jordan lost his first vote for Speaker of the House. That campaign currently looks like it has only slim hopes and will certainly need more time and in

MCX December Gold futures are trading at 4 month high levels riding on fresh impetus from the ongoing Israel-Hamas conflict. Experts see the haven demand for gold growing and tell ETMarkets why it is a buying opportunity for investors. MCX Gold futures have gained nearly Rs 3,000 or 5.21% in October largely aided by the

The global markets today are abuzz with the rapid rise of US benchmark treasury yields. Market pundits are keeping a keen eye on 10-year yield, which, given its present momentum, is poised to touch 5% level. All eyes will also be on how traders react at this critical psychological level. Simultaneously, anticipation is building around

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Gold prices edged higher on Thursday to hover near a 2-1/2-month high as escalating Middle East turmoil lifted demand for the safe-haven asset, while investors looked forward to U.S. Federal Reserve Chair Jerome Powell‘s speech due later in the day. FUNDAMENTALS * Spot gold was up 0.2% at $1,950.83 per ounce by 0127 GMT, after

The Middle East sees a re-escalation in geopolitical tensions following a tragic strike on a Gaza hospital, leading to significant rise in both Oil and Gold prices. The effect of this development extends into Asian session. However, risk aversion is not starkly evident in other markets, as Asian indices, excluding Japan, record only marginal losses.

One of the more-interesting mysteries in the global economy right now is why China’s steel production remains so high. There is no doubt that residential construction has cratered, yet the mills continue to run at 92% capacity. Today’s Chinese GDP data was strong at +1.3% q/q vs 1.0% expected so there may be even more

Gold price jumped Rs 500 to Rs 60,650 per 10 grams in the national capital on Wednesday amid strong global cues in international markets, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,150 per 10 grams. “Gold prices jumped on Wednesday, following a positive trend in the overseas

The tumultuous environment resulting from the Middle East tensions has prompted a noticeable upswing in Gold and Oil prices today, yet the forex markets remain relatively unaffected. Swiss Franc is currently leading the pack, its ascent likely attributed to the ongoing geopolitical unrest, though its rise is modest. US President Joe Biden’s diplomatic mission to

Chinese Communist Party Xi speaking at the Belt and Road forum: belt and road cooperation has progressed from sketching the outline into filling in the details, blueprints turned into real projects This network has boosted the flow of goods, capital, technology and human resources into countries involved Only when the world is good, China will

Gold prices rose on Wednesday after a deadly blast in Gaza fuelled fears of an escalating regional conflict, keeping the safe-haven asset in demand among nervous investors despite robust U.S. economic data and a high rate scenario. FUNDAMENTALS * Spot gold climbed 0.4% to $1,929.89 per ounce by 0123 GMT, and U.S. gold futures also

The currencies from the Southern Hemisphere, Australian and New Zealand Dollars, saw notable volatility in Asian session today. Aussie is gaining traction following release of RBA minutes, highlighting a low tolerance for inflation surprises and opening the door for another rate hike next month. In contrast, Kiwi is facing downward pressure after disappointing CPI data

NAHB housing market index falls to lowest level since Jan Prior month 45 dollars to 44 NAHB housing market Index for October 40 vs 44 estimate. Lowest level since January 2023. The index has fallen for the 3rd straight month Single-family sales current 46 vs 50 last month. Lowest since January 2023 Single-family sales next

Gold fell on Tuesday for the second session as the investors looked to capitalise on the gains made over the previous week. The MCX December gold futures were trading at Rs 59,045 per 10 gram, down by Rs 121, or 0.20%. Meanwhile, the December silver futures were trading at Rs 70,785 per kg, lower by

Today’s economic data releases are steering the markets, though it is uncertain how sustained their influence will be. Dollar emerges as the day’s strongest performer, buoyed by robust retail sales figures. Australian Dollar trails as the initial lift from RBA minutes dissipates, leaving it in the second spot. Euro is firmer after German economic sentiment