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Many festivals in India are considered auspicious to buy Gold, and Dhanteras is among the favourites. In India, people invest in Gold for long-term gains. That is why Indian households have the highest reserves of Gold, roughly 21000 tonnes. Gold is very close to Indian’s hearts and is a more sentimental investment than a speculative

Today’s currency market sees Euro gaining some traction, especially against Japanese Yen, which is underperforming alongside Australian Dollar. Despite RBA’s hinting at a potential rate hike, Aussie is struggling, not only against major currencies but also against its commodity-linked counterparts. British Pound, too, is lagging behind despite UK reporting GDP figures marginally above expectations. Dollar

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 price declined Rs 250 to Rs 61,500 per 10 grams in the national capital on Tuesday amid weak cues in the global markets, according to HDFC Securities. The yellow metal had closed at Rs 61,750 per 10 grams in the previous trade. “Gold prices extended fall on Tuesday, with spot gold prices in the

Australian Dollar is taking a surprising dip today despite RBA’s anticipated decision to raise the cash rate target by 25bps. Investors have taken this opportunity to lock in profits, influenced by the central bank’s softened rhetoric on the immediate need for further rate hikes. It appears RBA is likely to pause again to evaluate the

Markets: Gold up $7 to $1992 US 10-year yields down 9.3 bps to 4.57% WTI crude oil down $1.64 to $80.83 S&P 500 up 1.0% NZD leads, USD lags This week marked a turn of the calendar and a turn in markets. Treasury yields plunged and the dollar sank along with them. Meanwhile, it was

Gold traded flat on Friday amid a steady dollar index (DXY). MCX December gold futures were trading at Rs 60,900 per 10 gram, down by Rs 11 or 0.02% from Thursday’s closing price. Meanwhile, the December silver futures were trading at Rs 71,248 per kg, lower by Rs 152 or 0.21%. On Comex, gold futures

Markets reacted with notable positivity to the latest US. non-farm payroll report, which showed weaker-than-expected growth in jobs, a higher unemployment rate, and subdued wage inflation. Stock futures leaped as the data appeared to assuage investor concerns about further tightening by Fed. In a sharp response, 10-year Treasury yield plunged through 4.55% level, exacerbating the

Markets: Gold down $10 to $1995 US 10-year yields up 4.3 to 4.89% S&P 500 up 48 points to 4185, or 1.2% WTI crude oil down $3.10 to $82.44 AUD leads, USD lags The US dollar was soft today and I highlighted three reasons why earlier: 1) Diminishing geopolitical risk premium hit USD and CHF

The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2023 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher. The World Bank’s latest Commodity

The foreign exchange markets have commenced the week on a relatively quiet note, with major currency pairs and crosses adhering closely to Friday’s trading range. Commodity currencies have shown a modest edge, while European majors appear somewhat subdued. Yen and Dollar find themselves in an intermediate position, but overall market volatility remains notably low. Traders

Yesterday, yields moved higher and stocks moved lower. Today was more mixed as yields moved lower, but stocks moved lower again. Crude oil followed the stock market to the downside. In the forex market, the USD was mixed which is perhaps congruent with the other markets today. The move lower in yields came despite 3Q

Not with standing an uptick in the dollar index (DXY), gold gained on Thursday as investors got back to safe instruments like the US dollar and gold amid deepening Israel-Hamas conflict. Taking cues from international yellow metal prices, MCX gold and silver futures traded with strength. MCX December gold futures were trading at Rs 60,977

Dollar experienced a broad upsurge overnight, propelled by a robust rebound in benchmark treasury yields and a general mood of risk aversion. This strength continued into the Asian trading session, particularly notable in the greenback’s gains against Japanese Yen, which have now extended past the significant 150 mark. Despite verbal interventions from Japan, Yen has

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

In the past week, gold prices experienced a second consecutive rise, largely driven by the ongoing conflict in the Middle East, which has created significant uncertainty in financial markets. The week began with a slight dip in COMEX gold prices, but a remarkable one-sided rally ensued. The escalation of the Israel-Hamas conflict heightened the demand

As geopolitical tensions rise, the financial markets are inundated with heightened volatility and uncertainty. The bond market is particularly sensitive, evidenced by the 10-year Treasury yield soaring to 5% for the first time since 2007. This spike is multifaceted, driven in large part by a ballooning bond supply and the persistent geopolitical crises. Amidst these

The surging yields continue to pressure markets. The 2-year yield is trading at 5.223%. That’s the high yield since June 2006 when the yield peaked at 5.283% The 10-year yield is trading at 4.911% 6.4 basis points. That is the highest level since July 2007. The high yield in 2007 reached 5.289% The 30-year yield