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Gold traded range bound in the early trade on Monday ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) which begins later in the day. The bias remained negative as the dollar index (DXY) was trading above the 101 mark and only strengthened in the last session leading to declines in bullion prices.

Australian Dollar advances broadly today, buoyed by optimism surrounding news of stimulus from the Chinese government. This positive outlook has also lifted sentiment for Chinese Yuan and Copper. New Zealand Dollar has similarly benefited from this favorable sentiment, which is providing support to Sterling as well. Meanwhile, Dollar is slightly softening, alongside Yen and Swiss

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Gold prices dropped by Rs 100 to Rs 60,350 per 10 grams in the national capital on Monday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 60,450 per 10 grams. Silver also declined by Rs 200 to Rs 77,000 per kilogramme. Gold eased on

Euro and British Pound face some downward pressure today, following dismal PMI data that raises concerns about the prospect of further economic contraction in Eurozone and UK. With the German Ifo business climate index on the horizon tomorrow and ECB rate decision due on Thursday, Euro is likely to face additional scrutiny. Meanwhile, Dollar seems

The upcoming week will be eventful, with several key economic indicators and policy announcements scheduled across different regions: Monday will feature the release of Flash Manufacturing PMI and Flash Services PMI for the United States. On Tuesday, Japan will announce the BoJ core CPI y/y, while the United States will publish the CB Consumer Confidence

Bullion traded rangebound in the early morning session on Monday ahead of the crucial US Federal Reserve’s Federal Open Market Committee (FOMC) meeting which begins on Tuesday. The bias remained negative as the dollar index (DXY) was trading above the 101 mark. The August gold futures were trading in the red at Rs 59,220 per

As a typical Monday Asian session commences, activity in the financial markets is somewhat muted. Nikkei is displaying a notable rise, although this primarily reflects continuation of its recent flip-flopping pattern within an established range, indicative of ongoing consolidation. A similar pattern is observed across other major Asian markets as well. On the currency front,

Dr. Fatih Birol is Executive Director of the International Energy Agency (IEA), he spoke to reporters at a meeting of Group of 20 energy ministers in India over the weekend. He said that the IEA revisions to its global oil demand growth projections “is very much dependent on the growth of many countries in the

The metal benefitted from the peak rate narrative being pushed by the markets as inflation readings in the US, Australia, New Zealand, and the UK came in short of forecast, which has given rise to a possibility of key central banks soon hitting a pause button in their rate hike mission aimed at reining in

The Dow Industrial Average is trying to close higher for the 10th consecutive day today. The S&P index is in positive territory after falling yesterday. The NASDAQ index is trading back higher by 34 points after giving up a gain of 115.71 points earlier in the day and trading down as much as -29.09 points.

Global natural gas prices shed more than 70 per cent in the last 12 months, influenced by a complex interplay of supply and demand dynamics shaped by geopolitical events, weather patterns, technological advancements, and global economic conditions. In the key US NYMEX futures platform, prices have been struck at $2-3 mmbtu levels since the start

I have showed this chart before because it shows how the CPI chart laps some very easy comps soon. What has emerged, pointed out by Omair Sharif, is that the numbers used on the chart are non-seasonally adjusted, which isn’t what is commonly (universally, frankly) used for the m/m CPI numbers. What it showed was

COMEX gold rose during the first half of the week as recent data from the US, particularly the CPI and retail sales, showed that price pressures are cooling, warranting a smaller Fed action than previously expected. Investors are now expecting the US Fed to hike rates by 25 bps in July and pushed back against

Dollar recovered broadly last week and it seemed to have emerged from its near-term selling climax. While it’s premature to call for bullish trend reversal, the greenback has likely entered at least a consolidation phase, with potential for a more robust recovery on the horizon. Dollar’s next move will likely hinge more on overall risk

Markets: Gold down $8 to $1961 WTI crude oil up $1.27 to $76.92 US 10-year yields down 1.7 bps to 3.83% S&P 500 down 2 points to 4564 CHF leads, JPY lags The economic calendar was light and there was little in the way of unscheduled news to jar the market. Heavy options expiries in

Gold prices climbed on Friday as a weaker dollar made bullion cheaper for holders of other currencies, while the metal was poised for a third consecutive weekly gain on hopes that the U.S. Federal Reserve will pause rate hikes after July.FUNDAMENTALS * Spot gold rose 0.1% to $1,971.79 per ounce by 0119 GMT. Bullion gained

The Dow industrial average kept its winning streak alive with a slim gain of 0.01% today. The S&P index also rose modestly. The NASDAQ index fell for the 2nd consecutive day and is closing lower on the week. The final numbers are showing: Dow industrial average up 2.5 points or 0.01% at 35227.70 S&P index