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Gold prices ticked higher and headed for a third consecutive weekly gain on Friday, supported by continued safe-haven demand fuelled by Middle East tensions, while investors awaited the U.S. Federal Reserve policy meeting due next week. Spot gold rose 0.5% to $1,993.69 per ounce by 1:47 p.m. ET (1747 GMT) and gained 0.7% for the

It was a week marked by a series of significant headlines that captured the attention of global investors. Bitcoin led the charge and surged sharply, touching 35k mark, a noteworthy move for the cryptocurrency giant. At the same time, US 10-year yield demonstrated ambition as it flirted with 5% level, but lacked the momentum to

Markets: Gold up $21 to $2006 US 10-year yields down 1 bps to 4.83% WTI crude oil up $1.93 to $85.15 S&P 500 down 0.5% or 20 points to 4117 Nasdaq up 0.4% JPY leads, CHF lags The cross-currents were deep and violent on Friday. Let’s break them down: 1) The fog of war Early

Oil prices rose around 1% a barrel on Friday as investors priced in fears of an escalation of conflict in the Middle East which could disrupt oil supplies, after reports that the U.S military had struck Iranian targets in Syria. Brent crude futures for December rose 93 cents or roughly 1.1%, to $88.86 a barrel

Markets remained relatively subdued in today’s Asian trading session with Australian Dollar and Canadian Dollar showing modest strength. The pervasive risk-off sentiment that characterized the overnight U.S. stock market selloff did not extend into Asia, as evidenced by recoveries in both Japan’s Nikkei and Hong Kong’s HSI. Japanese Yen, buoyed slightly by robust Tokyo inflation

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Gold prices flitted in a range-bound trade on Friday as traders weighed the repercussions of the Middle East conflict against expectations that U.S. interest rates would stay higher for longer after the economy’s upbeat performance last quarter. FUNDAMENTALS * Spot gold was steady at $1,984.69 per ounce by 0131 GMT. U.S. gold futures were down

As the week draws to a close, the Japanese Yen is exhibiting signs of a tentative comeback, with USD/JPY retreating back below the significant 150 mark. Dollar’s response to the latest US personal income and outlays data was relatively subdued. Although the monthly headline PCE price index ticked slightly above forecasts, other inflation indicators aligned

It owes to some slight relief after Intel and Amazon reported better earnings, with Nasdaq futures seen up 0.8% currently. But that still pales in comparison to the 1.8% drop yesterday, in which the index took out its 200-day moving average (blue line) as well: Nasdaq Composite index daily chart That’s not a good look

Gold traded range bound on Friday in the early trade albeit with a positive bias with minor softening in the dollar index (DXY). The Street now awaits the US Federal Reserve’s commentary on interest rates and economy when it meets next week. MCX December gold futures were trading flat at Rs 60,955 per 10 gram,

Dollar experienced a broad upsurge overnight, propelled by a robust rebound in benchmark treasury yields and a general mood of risk aversion. This strength continued into the Asian trading session, particularly notable in the greenback’s gains against Japanese Yen, which have now extended past the significant 150 mark. Despite verbal interventions from Japan, Yen has

The US treasury will auction off $38 billion of 7 your notes at the top of the hour. The summary of the major components and their 6 month averages are outlined below: Tail: bps (previous: 0.3bps, six-auction average: -0.2bps) Bid-to-Cover: x (previous: 2.47x, six-auction average: 2.73x) Dealers: % (previous: 14.6%, six-auction average: 12.0%) Directs: %

Oil prices fell by over 2% on Thursday after a rise in U.S. crude stockpiles signalled waning demand, and concerns about the economic outlook drove a broader sell-off in global equities. Brent crude futures declined by $2, or 2.2%, to $88.13 a barrel at 1238 GMT. U.S. West Texas Intermediate crude futures slid by $2.26,

Euro is trading as the worst performer for the today so far, but there is no extended selloff after ECB’s decision to hold interest rates unchanged. President Christine Lagarde’s press conference reiterated that current rates should be bring inflation down to target in a timely manner if maintained for sufficiently long time, which is data

25 of 28 economists expect BOJ to keep policy steady next week The other 3 economists expect a start of easy policy unwinding 63% of economists expect BOJ to end negative interest rates in 2024 (up from 52% in September, and 41% in August) The remainder expect the end of negative rates to be 2025

Gold prices edged up on Thursday as the Middle-East conflict kept investors worried, with bullion standing firm despite a stronger U.S. dollar and bonds yields. FUNDAMENTALS * Spot gold rose 0.3% to $1,985.89 per ounce by 0137 GMT. U.S. gold futures were up 0.1% to $1,996.30. * Israel kept up its strikes on Hamas targets

Australian Dollar made significant gains in Asian session today following unexpectedly robust inflation figures for Q3 and September. This has caused a flurry of revised predictions from economists who now anticipate a rate hike by RBA in its next meeting in November. While there’s speculation about a subsequent hike in December, such a back-to-back move

Gold price jumped Rs 50 to Rs 61,700 per 10 grams in the national capital on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had finished at Rs 61,650 per 10 grams. “Gold traded firm on Wednesday, up by Rs 50 against its previous close. “Meanwhile, in the domestic market the