News

MCX gold futures hit three-month high levels while silver futures sclaed three-week peak as more bad news trickles out of the Middle East, making investors scurry for bullion. Taking cues from the international prices, the MCX December gold futures opened in the green on Wednesday and traded at Rs 59,811 per 10 gram, up by

The tumultuous environment resulting from the Middle East tensions has prompted a noticeable upswing in Gold and Oil prices today, yet the forex markets remain relatively unaffected. Swiss Franc is currently leading the pack, its ascent likely attributed to the ongoing geopolitical unrest, though its rise is modest. US President Joe Biden’s diplomatic mission to

Sat: New Zealand General Election Mon: New Zealand CPI (Q3), PBoC MLF Tue: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep) Wed: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep) Thu: BoK Announcement, Bank of Indonesia Announcement, Japanese Trade Balance

Gold prices have seen a notable weekly gain of more than 3%, marking their first increase in four weeks. This surge is primarily attributed to ongoing geopolitical tensions, notably the recent conflict between Israel and Hamas. The surprise attack by Hamas on Israel has escalated the situation, leading Israel to declare war. The United States

The abrupt escalation in conflicts in the Middle East significantly influenced the global financial markets last week, causing capital influx into safe-haven assets. Amidst the military confrontations, Gold and other precious metals experienced a sharp surge in value. Oil prices also saw a rebound, reflecting the geopolitical tensions. While Treasury bonds reaped some advantages, equity

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

Strength in yellow metal was intact on Tuesday in the international and domestic markets as the crisis in the Middle East deepened. Gold has gained by over Rs 860 in two sessions and is at two week’s high. Moreover, the dollar index (DXY) slipped slightly, aiding the cause of gold. The MCX December gold futures

Japanese Yen is trading on a softer note in Asian session as the rebound witnessed yesterday begins to lose steam. A notable comment from Japan’s Finance Minister Shunichi Suzuki raised some interest among market observers. Suzuki attributed the ongoing weakening of Yen partly to interest rate differentials, steering away from the customary practice of solely

The major US indices are closing higher for the day. The gains came despite strong and expected US jobs report and higher yields. Traders are hoping that the tame wage data and the unemployment rate remaining unchanged at 3.8% (expected 3.7%) will keep the Fed on hold. Next week we get key consumer price index

Bullion gained on Friday in the opening trade amid weakness in the dollar index (DXY) which was trading with a negative bias against six top global currencies. The MCX December gold futures were trading at Rs 56,730 per 10 gram, up by Rs 122, or 0.22%. Meanwhile, December Silver futures were trading at Rs 66,999

Dollar, despite retracting some of its earlier gains, remains robust, demonstrating resilience as one of the week’s frontrunners. At the same time Yen and, to a lesser extent, Swiss Franc is showing strength too, underscoring the markets’ cautious stance. Meanwhile, commodity currencies are languishing at the lower echelons, with New Zealand Dollar marginally outperforming its

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

COMEX Gold prices experienced a significant downturn, marking their most substantial weekly loss in months. The yellow metal slid below the critical $1,900 per troy ounce threshold, primarily in response to a sharp surge in US treasury yields. This surge in yields elevated the opportunity cost of holding gold. At its September policy meeting, the

USD/JPY is making notable advances today, resuming recent up trend, and edging closer to 150 psychological handle. AT the same time, Nikkei rebounds, reclaiming 32000 mark. The combined risk-on sentiment could be attributed to investors’ positive response to the optimistic quarterly Tankan survey results, overshadowing the less favorable PMI Manufacturing data. Despite Japan’s repeated attempts

The NASDAQ and S&P closed higher for the 2nd consecutive day. Admittedly the S&P index only rose marginally (0.02%) yesterday, but it still was a victory in the win column. Today, the gain was a little more respectable at 0.59%. The final numbers for the major indices are showing: Dow industrial average +116.07 points or

MCX Gold prices traded at six month lows on Thursday getting beaten by the uptick in the dollar index (DXY) which is inching towards the 107 mark against a basket of six major currencies. The MCX December gold futures were trading down by Rs 91 or 0.16% from the Wednesday closing price at Rs 58,192

Dollar rally shows no signs of stopping in early US session, and the greenback it buoyed slightly by stronger than expected data on durable goods orders. Yet, looming in the background is the potential for the fourth US government shutdown in the last ten years, a scenario that’s only days away. Minneapolis Fed President Neel

Following a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic events calendar. The FX market may be influenced by month-end rebalancing. Highlights for Tuesday include Japan’s BoJ Core CPI y/y data and the release of CB Consumer Confidence, New Home Sales, and the