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Oil prices rise on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker dollar overshadowed signs of weakening demand in China. Brent crude oil futures were up 55 cents, or 0.7%, at $84.28 a barrel by 1242 GMT. U.S. West Texas Intermediate crude futures

Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top officials have been tight-lipped, refusing to confirm any direct actions. Outgoing top currency diplomat

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 hit a record and bonds rallied on Wednesday as markets prepared for global interest rates to fall, while stocks in Taiwan slipped after U.S. presidential candidate Donald Trump sounded lukewarm in his commitment to the island’s defence. The S&P 500 scaled record highs overnight and futures were steady in Asia. MSCI’s broadest index of

Yen weakened broadly during Asian session today, giving back some of last week’s strong gains that were reportedly driven by Japan’s market intervention. Japan’s Chief Cabinet Secretary Yoshimasa Hayashi repeated in a press conference that it is crucial for currency rates to move “stably” and reflect economic fundamentals. He reiterated the government’s commitment to taking

The Bank of Canada meets on July 24 and economists are increasingly sure of a rate cut. That’s also reflected in interest rate derivatives which are now showing a 93% probability of a cut. CPI decelerated to 2.7% from 2.9% with core numbers also slowing. The numbers show that the prior month’s upside surprise in

One of the reasons why India and Indians weather global economic crises better than their global peers is due to their significant gold holdings. Gold tends to do well or at least offers a store of value during economic calamities. Whether it was the Great Financial Crisis of 2007-08 or the COVID-19 catastrophe, if you

Dollar bounces higher in early US session, buoyed by stronger-than-expected retail sales data. This resilience in consumer spending comes despite the persistent high inflation and elevated interest rates. The robust retail sales figures lend support to Fed’s soft landing scenario, where the economy slows down without falling into a recession. However, there are concerns 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

Gold prices were steady on Tuesday, buoyed by bets that the Federal Reserve will cut interest rates this year, while focus shifted to U.S. economic data due later in the day for further monetary policy clues. FUNDAMENTALS * Spot gold held its ground at $2,422.12 per ounce, as of 0021 GMT. Prices hit their highest

Asian markets began the week with a cautious tone, as weaker-than-expected GDP growth from China dampened investor sentiment, even though the selloff in stocks has been limited. Today’s set of data, coupled with recent weak PMI readings, points to broader deceleration in China’s recovery momentum, as both consumer and business sentiment are struggling. Markets are

gold daily Gold is at the best levels of the day, up $23 to $2433 with about half those gains in the past few minutes. You can always craft a narrative for gold because it’s such a chameleon. I’d imagine the bulls today are looking at bonds and a Republican sweep and seeing higher fiscal

Gold prices gained on Monday, hovering near a more than one-month high hit last week, aided by hopes for interest rate cuts from the Federal Reserve as traders await for more comments from Fed officials to gauge the timing of those cuts. Spot gold rose 0.4% at $2,421 per ounce, as of 1415 GMT. U.S.

Global financial markets lack clear direction today. Major European stock indexes are trading slightly lower, while US futures indicate a modestly higher open. Investors are unfazed by the assassination attempt on former US President Donald Trump, maintaining a calm stance. Focuses are turning to Fed Chair Jerome Powell’s upcoming speech, where the market hopes to

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