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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

New Delhi: Gold exchange traded fund (ETF) witnessed a net outflow of ₹396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to

UPCOMING EVENTS: Monday: New Zealand Services PMI. Tuesday: Japan PPI, UK Labour Market Report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI, Fed Chair Powell speech. Wednesday: Australia Wage Price Index, Eurozone Industrial Production, US CPI, US Retail Sales, US NAHB Housing Market Index, PBoC MLF. Thursday: Japan GDP, Australia Labour Market Report,

After consistently trading below Rs 72,000 for the past few sessions, gold prices on MCX for June futures contracts rose by Rs 442 or 0.62% to trade at Rs 72,081 per 10 grams on the auspicious occasion of Akshaya Tritiya on Friday. Meanwhile, MCX July silver contracts were up by Rs 418 or 0.49% to

I saw this chart today (here) and didn’t believe it so I double checked the Census Bureau and it’s true. The current projection is for the US population to now peak at just-under 370 million in 2080 but with it reaching 359m in 2040, it’s a really long plateau. Given the plunge in fertility rates

Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar

For the y/y data: CPI +0.3% continuing to claw its way out of deflation this is the third consecutive month of above zero CPI y/y expected +0.2%, prior +0.1% PPI -2.5% still in deep deflation, as it has been since October of 2022 expected -2.3%, prior -2.8% The slight lift for the CPI is good

Spot gold extended its rate cut hope rally Friday to rise to $2378 before giving back some of the gains to close with a gain of 0.59% at $2360. It slid from the day’s high on hotter-than-expected University of Michigan consumer inflation expectations data, however, it was still up around 2.60% on the week. The

Global markets were buoyed by pervasive risk-on sentiment last week, with both FTSE and DAX setting new records and major US indices posting substantial gains. Even Hong Kong HSI extended its rally from January’s lows by 25%, underscoring a broad uptick in investor confidence. In Europe, enthusiasm was particularly pronounced following the ECB’s reaffirmation of

The US session was informed most by the University of Michigan consumer sentiment preliminary data which showed a sharp decline in the sentiment index to 67.4 from 76.0 . The expectations also fell sharply to 66.5 from 75.0 and current conditions also tumbled to 68.8 versus 79.0. To make the data even worse when you

While gold has delivered 16% returns since last Akshaya Tritiya, Indian equity markets have produced four multibagger stocks in the jewellery segment during this period, outperforming not just the yellow metal but also S&P BSE Sensex which has yielded 21%. These stocks are namely Sky Gold, Kalyan Jewellers India, Thangamayil Jewellery and PC Jeweller which

Sterling remains one of the weakest performers this week, despite lack of strong selling momentum. BoE Chief Economist Huw Pill reaffirmed the market’s expectations that the central bank would start to consider interest rate cuts in upcoming meetings. These messages echoed the slight dovish shift noted in yesterday’s BoE rate decision. Attention is now shifting

The Canadian labour market data beat expectations across the board with the market now seeing basically a 50/50 chance of a rate cut in June. Is this a major change though? Not at all. The gamechanger will likely be the CPI report due on May 21st when we will know if the BoC will indeed

Akshaya Tritiya, which is on May 10, has always seen fervent gold purchases stemming from the belief that investments made on this day would never diminish, thus bringing everlasting prosperity. Over the past three to four months, gold prices have shown significant volatility, experiencing roller coaster-like movements. The precious metal has surged approximately 20%, hitting

Canadian Dollar surges in early US session after much stronger than expected job data that blew past market expectations. The Loonie is taking over Sterling’s position as the best performer of the day, with the latter lifted slightly by strong UK GDP data. At the same time, Dollar is also strengthening slightly against others, but

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

The price of 10 grams of gold is off by nearly Rs 3000 or 4% from its lifetime highs and gold lovers now have an opportunity to buy the yellow metal on the auspicious occasion of Akshaya Tritiya which will be celebrated on May 10, Friday. An investment now could earn between 7% and 19%

Yen continues to underperform as the worst for the week at this point, even in face of Japan’s verbal interventions. As Yen breached 155 mark against Dollar again, Japanese Finance Minister Shunichi Suzuki reiterated his concerns over the detrimental impacts of a weakening Yen and promised a “thorough response” in the forex markets. Despite these