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The Fed will only be meeting next week but now we’re in the FOMC blackout period. And that means there will be no Fed speakers until the rate decision. With that in mind, markets will have to work with the geopolitical risk mood and events on the economic calendar for the week. Let’s dive straight

Gold and the safe-haven dollar pulled back from near their peaks on Monday when gold prices on MCX for June futures contracts fell by Rs 721 or nearly 1% to trade at Rs 72,085 per 10 grams while MCX May silver contracts were down Rs 1,313 or 1.6% to Rs 82,194 per kg. On Friday,

Commodity currencies rises broadly in Asian session today, buoyed by slight improvement in risk sentiment after a relatively quiet weekend in the Middle East. This contrasted with the performance of typically safe-haven assets such as Swiss Franc, Japanese Yen, and Dollar, all of which traded mildly lower. Gold also dips away from 2400 mark, while

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Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel’s attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation. Although targets were Iran’s military sites, damage was limited. Iranian media downplayed the impact of

UPCOMING EVENTS: Monday: PBoC LPR, Canada PPI. Tuesday: Australia/Japan/Eurozone/UK/US Flash PMIs. Wednesday: Australia CPI, Canada Retail Sales, US Durable Goods Orders. Thursday: US Q1 GDP Advance, US Jobless Claims. Friday: Tokyo CPI, Australia PPI, BoJ Policy Decision, US PCE. Monday The PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year

Geopolitical events wield significant influence over the prices of MCX Gold and Silver, often sparking volatility and uncertainty in the market. Factors such as war tensions and trade disputes can swiftly alter supply and demand dynamics, prompting investors to seek refuge in precious metals. In this article, we’ll delve into the ways geopolitical events impact

The price of crude oil settled at $82.22. That’s up $0.12 or 0.14%. The high price extended all the way up to $85.64 soon after the Israeli strike on Iran. Low price was at $81.13. The high price for the week reached $86.18. The low price was at $81.06. Last week’s closing level was at

Gold prices rose on Friday, on track for their fifth weekly gain, with investors gravitating towards safe-haven assets as political uncertainty in the Middle East overshadowed pressures from the prospect of higher-for-longer U.S. interest rates. FUNDAMENTALS * Spot gold was up 0.4% at $2,388.49 per ounce, as of 0111 GMT. U.S. gold futures edged 0.2%

It was a dramatic week in the global financial markets with rapid shifts in investor sentiment triggered by heightened geopolitical tensions in the Middle East. While calm was eventually restored somewhat, the volatility served as a clear indicator of the underlying vulnerability in investor confidence. Amidst this geopolitical backdrop, the narrative from Fed hawks solidified

The focus today was on the big-cap tech stocks today. The Nasdaq index got creamed with a decline of -2.05%. That was the largest decline since January 31 when the index fell -2.23% The move lower was initially off of disappointing forward guidance from Netflix after its earning announcement after the close on Thursdays. Its

Gold prices held firm on Friday, on track for a fifth consecutive weekly rise, as fears of further tit-for-tat retaliation between Iran and Israel triggered safe-haven demand. Spot gold was little changed at $2,378.30 per ounce as of 9:10 a.m. ET (1310 GMT), after rising as high as $2,417.59 earlier in the session. Prices were

The US major indices closed mixed as investors flowed out of of large-cap technology stocks and into the relative safety of the industrials. The Dow industrial average rose, while the NASDAQ index got creamed with its largest decline since January 23 when the index fell -2.23%. Today the index fell -2.05%. A look at the

Gold and silver prices soared to fresh record high levels on Friday with the precious metal breaching Rs 74,000 per 10 grams mark here on bullish global trends. According to HDFC Securities, gold price jumped Rs 400 to hit its lifetime high of Rs 74,100 per 10 grams in Delhi. It had closed at Rs

Financial markets have steadied following a brief period of heightened volatility triggered by fears of escalating conflict in the Middle East. Initial concerns about a full-scale confrontation were alleviated. Both Israel and Iran played down the significance of recent explosions near an Iranian military base, suggesting a broader conflict might be avoided for now. As

S&P 500 futures At the low earlier, S&P 500 futures were down by roughly 1.7%. It is now down just 0.4% as European markets open for trading. The improvement in the mood owes much to the fact that Iran has downplayed the attack from Israel. And also that they won’t retaliate, at least not immediately.

Gold prices MCX rose by Rs 102 or 0.14% to trade at Rs 72,785 per 10 grams while MCX May silver contracts were up by Rs 112 or 0.13% to Rs 83,385 per kg on Friday amid rising geopolitical concerns. On Thursday, gold June futures contract settled at Rs 72,683 per 10 grams while the

Significant volatility was seen in Asian session, following the news of Israel’s missile strike in retaliation against Iran. This geopolitical development initially led to steep decline in Asian stocks and concurrent surge in oil prices and safe-haven assets like Swiss Franc, Yen, and Dollar. Nevertheless, fund flows started to reverse partially as the situation seemed