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Motilal Oswal Financial Services forecasts a bullish outlook for silver, projecting prices to reach Rs 1,25,000 domestically within 12-15 months. Despite recent gains of over 30%, analysts anticipate periodic profit-taking, advising investors to capitalise on any significant dips in prices. Key support levels identified by Motilal are near Rs 86,000-86,500. The upward revision of price
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Dollar is under some selling pressure in early US session despite stronger-than-expected PPI readings. However, downside momentum of the greenback is relatively limited. The post-CPI selloff yesterday did not gain significant traction, partly because stock markets unexpectedly retreated. Currently, futures are indicating a flat opening, and if activity in risk markets remains subdued in this
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US Dollar continues losing ground in light of weak CPI figures and UoM data. Markets still foresee a September rate cut. Despite hot PPI data, US Treasury yields are falling, diminishing allure of USD. The US Dollar Index (DXY) remains weak on Friday, sitting at April lows. This is largely a response to the soft
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Gold prices fell more than 1% on Monday, hurt by a risk-on rally in equities and profit-taking by investors after a sharp rally in the previous session over expectations that the U.S. Federal Reserve could cut interest rates in September. Spot gold was down 1.5% to $2,354.59 per ounce as of 12:01 p.m. ET (1601
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Sterling strengthened broadly today, support by comments from Jonathan Haskel, a known hawk on BoE’s MPC. Haskel indicated his preference to maintain interest rates until there is clear evidence that inflationary pressures have subsided sustainably. This stance has introduced some uncertainty regarding the widely anticipated BoE rate cut in August. While many economists still expect
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Looking for the best forex broker for your trading needs? Here’s how to find the right one for you: Check Regulation: Make sure the broker is registered with financial watchdogs and keeps your funds separate for safety. Evaluate Platforms: Look for easy-to-use platforms with helpful tools and quick trades. Assess Support: See if customer service
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