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COMEX Gold prices saw another weekly gain of over 2% and notched a fresh one-year high of $2,049.2 per troy ounce, owing to a weaker greenback and plunging US benchmark treasury yields. A recent set of economic data from the US have pointed to a slowing economy and improved the conviction that the Fed may

Trading activity leans mildly toward risk aversion as US jobless claims data underscores concerns over a slowdown in the job market. Stock futures and treasury yields are trading modestly lower, but overall market movements remain limited, suggesting many traders may already be in a holiday mindset. Canadian Dollar also appears unfazed by better-than-expected employment figures.

Markets: Gold up $37 to $2021 WTI crude oil up 2-cents to $80.45 US 10-yaer yields down 8.4 bps to 3.35% S&P 500 down 24 points to 4100 GBP leads, AUD lags The US dollar was soft in Asia and Europe but was staging something of a recovery in early North American trade until a

HOUSTON: Oil prices were little changed in choppy trading on Tuesday as investors debated OPEC+ plans to cut more production and weak economic data from the United States and China that could hurt oil demand. Brent crude futures were down 30 cents, or 0.3%, to $84.63 a barrel by 11:05 a.m. ET (1505 GMT). U.S.

Sterling surges to a 10-month high against Dollar today, as comments from a lone dove on the Bank of England’s Monetary Policy Committee seem to have little impact. Pound’s strength against Euro and Swiss Franc suggests a one-sided movement. Meanwhile, Australian Dollar remains the weakest performer following RBA’s decision to hold interest rates steady. With

Markets: Gold down $10 to $1970 WTI crude oil up $1.14 to $75.51 US 10-year yields down 1 bps to 3.48% S&P 500 up 58 points to 4110 CAD leads, EUR lags When I think about this market, we came into January and everyone was worried about recession. By January, it was fears of inflation

Gold prices rallied on Friday led by weakness in the greenback and lower bond yields as investors fixed their eyes on the US March inflation numbers. The dollar index dipped 0.5%, making gold more attractive for overseas buyers, while benchmark 10-year treasury yields. On MCX, April gold futures were trading at Rs 59,930 per 10

The inflation data from Eurozone and the US has left traders somewhat disappointed, as it triggered minimal volatility in the markets. Eurozone headline inflation slowed more than anticipated, while core inflation aligned with consensus. In the US, both headline and core PCE inflation fell short of expectations. Canadian Dollar also remained stagnant despite better-than-expected monthly

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 rose on Monday after a halt to oil exports from Iraqi Kurdistan via Turkey and moves to contain a potential banking crisis that could have hit demand for crude. Brent crude futures were up $1.18, or 1.6%, at $76.17 a barrel by 1426 GMT. West Texas Intermediate U.S. crude rose $1.28, or 1.9%,

The financial markets are sending mixed messages today, with risk sentiment seemingly improving as European indexes and US futures trade higher. US and German 10-year yields are also recovering. However, the currency markets paint a different picture, with Swiss Franc leading as the best performer, followed by Canadian Dollar and Sterling. In contrast, Yen is

On Thursday, Europe time, Russia’s RIA Novosti news agency reported remarks from Russian Deputy Prime Minister Alexander Novak. Info conveyed via Reuters: said a previously announced cut of 500,000 barrels per day (bpd) in Russia’s oil production would be from an output level of 10.2 million bpd in February mean Russia is aiming to produce

New Delhi, Gold price climbed by Rs 450 to Rs 59,350 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 58,900 per 10 grams. Silver also zoomed Rs 815 to Rs 69,800 per kilogram. “Spot gold

Market’s response to the rate hikes by SNB and BoE has been relatively muted. Following today’s rate decisions, SNB signaled the possibility of further tightening, while BoE remains open to either a hike or a pause in the future. Dollar is currently the day’s worst performer, followed by Swiss Franc and Japanese Yen, with commodity

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

Natural gas prices have dropped more than 75% in the last six-month period. Moderate after-winter demand and concerns about industrial consumption because of the US Federal Reserve’s aggressive rate hikes adversely hit the demand outlook. The year 2022 was the most volatile period ever for gas prices. Global supply chain uncertainties due to the Russia-Ukraine

Last week, the world appeared to be on the brink of an international banking crisis. The situation might have stabilized with Silicon Valley Bank filing for Chapter 11 bankruptcy, First Republic Bank receiving aid in the form of deposits from major players, and Credit Suisse obtaining a CHF 50B lifeline from SNB. Despite these developments,

Markets: Gold up $14 to $1916 WTI down $3.26 to $68.11 US 10-year yields down 16 bps to 3.47% US 2-year yields down 30 bps to 3.91% after falling as low as 3.78% S&P 500 down 27 points to 3891 JPY leads, CHF lags It was another full-scale flight to safety today and the yen