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Gold futures have given negative returns in May, dragged by strength in the Dollar Index (DXY) which is now hovering over 104 against a basket of six major currencies. Yellow metal is likely to take cues from the bullion prices in international markets, going ahead. With the US debt ceiling likely to get resolved soon

While Dollar engaged in retreat for most of the day, some buying appears to emerge again in early US session. A surprising rise in both headline and core PCE inflation is considered to be a key factor driving this resurgence. While it’s unsure whether that could result in sustainable rally, the sentiment should stabilize the

The major US stock indices are trading mixed in early US trading as the market awaits the next debt ceiling headlines. The Dow Industrial Average is trading above and below unchanged. The S&P and NASDAQ indices remain in negative territory. A snapshot of the market currently shows: Dow Industrial Average -9.23 points are -0.03% at

Gold prices eased by Rs 120 to Rs 60,580 per 10 grams in the national capital on Monday amid weak global trends, according to HDFC Securities. The precious metal had settled at Rs 60,700 per 10 grams in the previous trade. Silver also plunged by Rs 500 to Rs 73,600 per kg. “Spot gold prices

Yen is once again back under selling pressure today, with the selloff mainly concentrated against Swiss Franc, and to a lesser extent Euro. Risk-on sentiment, rising benchmark treasury yields, and the expectation of BoJ keeping policy ultra-loose will likely keep Yen weak for the time being. The only question is whether selling would intensify again.

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 prices softened by Rs 480 to Rs 60,070 per 10 grams in the national capital on Thursday amid a decline in international precious metal prices, according to HDFC Securities. The yellow metal had finished at Rs 60,550 per 10 grams in the previous trade. Silver also plunged by Rs 530 to Rs 72,750 per

Dollar continues to power up today, as traders are rethinking Fed’s policy path ahead. The odds of a hold at June 14 FOMC meeting has dropped to around 60%, as the economy continued to show resilience. The strong stock market rally this week is also helping. Canadian Dollar is currently following as second best, and

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

Spot gold rose to a near-all-time high in the first week of May. Multiple catalysts like the weak US dollar, the US debt ceiling standoff, and global economic fears pushed prices higher. Tracking overseas sentiment, spot and futures prices in the domestic market hit a historic high. Predictions of a pause in US interest rates

In the currency markets last week, Dollar, Yen, and Swiss franc Emerged as the standout performers. Conversely, New Zealand and Australian dollars lagged, painting a picture suggestive of risk aversion within the markets. However, this sentiment has not yet manifested itself in the stock markets, at least not with major American and European indices. It’s

FDIC propose a special fee to pay for banking failures Special fees will be based on amount of uninsured deposits at each bank Proposal would set annual special assessment rate of 12.5 basis points on a bank’s uninsured deposits as of December 2022 Proposes a special assessment fee on larger banks to recoup losses to

Gold prices declined by Rs 265 to Rs 61,585 per 10 grams in the national capital on Wednesday amid a fall in international precious metal prices, according to HDFC Securities. The yellow metal had ended at Rs 61,850 per 10 grams in the previous trade. Silver, however, rose by Rs 120 to Rs 77,800 per

Dollar finds itself on the back foot in early US trading as data showed both headline and core CPI slowed in April. This data release has also sent 10-year yield plummeting below 3.5% mark. Japanese Yen is finding some strength, bolstered by the drop in yields. On the other hand, commodity currencies are regaining their

Net income: $35.5 billion (up from $5.58 billion a year earlier) Operating earnings: $8.07 billion (up from $7.04 billion last year) Cash and cash equivalents: $130.6 billion (up from $128.6 billion at the end of 2022) Warren Buffett expressed optimism at Berkshire Hathaway’s annual shareholder meeting, despite market anxiety. He discussed Berkshire’s investments in oil

Gold prices started the week on a negative note amid improved risk sentiments after JPMorgan Chase & Co. agreed to acquire First Republic after its collapse last month, making it the second-biggest bank failure in US history. The government-led deal fueled optimism that the worst of the banking sector turmoil might be over, prompting a

Risk-on, risk-off, and then risk-on. It’s a roller-coaster ride for investors last week,with a slew of heavy-weight events. In the end, commodity currencies ended as the best performers, with support from rebound in sentiment. Canadian Dollar held a slight advantage over Australian and New Zealand Dollar. But all have them have reasons to extend last

Aren’t you all so happy that the US Senate is investigating the banking failures? If anyone can get to the bottom of the problems its these clowns, right? Anyway, the turmoil will be kept in focus for weeks ahead: U.S. Senate Banking Committee says: May 16 hearing, examining the failures of Silicon Valley Bank and