Gold prices surged to nearly their record high level on Monday before witnessing some profit booking amid uncertainty and safe haven buying. On Tuesday, Gold April futures contracts at MCX opened higher today at Rs 86,380 per 10 gram, which is up by 0.22% or Rs 200 Silver March futures contracts also opened higher today.
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Dollar weakened notably against European majors and Yen as markets transitioned into US session, despite subdued overall trading activity. The decline was largely driven by extended fall in US 10-year Treasury yield, which hit its lowest level since mid-December. Beyond geopolitical and trade war concerns, market focus has turned toward whether slowing US consumption and
On Sunday, German voters go to the polls in a high-contested election. The first exit polls will land Sunday at 6 pm CET (noon in New York) and the first results will be from 30 minutes later with continued updates from there. The conservative CDU/CSU is leading the polls with 31%, followed by the far-right
The prices of gold witnessed some profit booking as gold April futures contracts at MCX opened slightly lower today at Rs 85,749 per 10 grams, which is down by 0.32% or Rs 275. Meanwhile, silver March futures contracts were trading at Rs 96,722/kg, down by 0.4% or Rs 391. On Thursday, gold and silver settled
Trading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday’s range. Loonie failed to react to significantly stronger-than-expected retail sales data. Euro dipped earlier following weak PMI reports, but selling pressure quickly fizzled out. Yen saw some volatility during the Asian session, initially weakening alongside Japanese bond
Brent crude oil prices paused in early trading on Tuesday after gaining in the previous session following a drone attack on an oil pipeline pumping station in Russia that reduced flows from Kazakhstan. Brent crude futures ticked down 7 cents, or 0.09%, to $75.15 a barrel by 0137 GMT. U.S. West Texas Intermediate (WTI) crude
Yen remains the standout performer, even though momentum had moderated slightly. Discussions surrounding BoJ’s next move continue to dominate, particularly in a low-activity session with both US and Canadian markets closed for holidays. After stronger than expected Japanese Q4 GDP report, market expectations for a July rate hike to 0.75% have strengthened to around 80%.
Amid high volatility, Gold April futures contracts at MCX opened higher on Thursday at Rs 85,830 per 10 gram, hovering near its higher levels. The yellow metal was up by 0.41% or Rs 349 in early trade. Silver March futures contracts, meanwhile, opened flat at Rs 95,580/kg, marginally up by 0.08% or Rs 78. On
The currency markets are treading cautiously, with traders showing little reaction to stronger-than-expected US PPI data and a better-than-anticipated jobless claims report. Despite these inflationary signals, Dollar has struggled to gain further traction, as market participants hold their positions ahead of a highly anticipated announcement on US “reciprocal tariffs” from President Donald Trump. The announcement,
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
Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump’s latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand. Brent crude futures climbed 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT while U.S. West Texas Intermediate crude
Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move
Amid global uncertainty, supporting safe-haven buying, Gold April futures contracts at MCX on Wednesday made a new all-time high of Rs 84,200/10 grams. Around 11 am, the prices were trading at Rs 84,166 per 10 grams, which is up by 0.44% or Rs 369. Meanwhile, silver March futures contracts were trading flat at Rs 95,674/kg,
Dollar remains on the backfoot in early US session, despite the strong ADP private employment report. The data highlights continued resilience in the labor market, with services-driven job growth and sustained wage pressures. While this should theoretically reinforce the case for Fed to maintain its pause in easing for longer, traders appear reluctant to react
Gold April futures contracts at MCX opened flat with a negative bias on Saturday at Rs 82,200/10 gram, which is down by 0.04% or Rs 33 while silver March futures contracts were trading slightly higher at Rs 93,453/kg, up by 0.13% or Rs 125. Ahead of the Union Budget 2025, due to be presented later
Forex markets remain largely subdued today, with Canadian Dollar being the exception as volatility rises ahead of the implementation of US tariffs tomorrow. Canada is reportedly well prepared to respond with retaliatory measures on US imports worth up to CAD 150B. This comes at a time when Canada’s economy is already under pressure, with November’s
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 April futures contracts at MCX opened higher on Tuesday at Rs 80,355/10 gram, which is up by 0.24% or Rs 195 while silver March futures contracts were flat at Rs 90,223/kg. On Monday, gold and silver settled on a weaker note in the domestic and international markets. Gold April futures contract settled at Rs
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