Month: October 2023

Gold traded range bound on Wednesday in the international and domestic markets amid a steady dollar. The MCX December gold futures were trading at Rs 57,651 per 10 gram, up by Rs 22, or 0.04%. Meanwhile, the December silver futures were trading at Rs 69,035 per kg, higher by Rs 117 or 0.17%. MCX Gold

Dollar is exhibiting mixed performance in today’s relatively calm trading environment. Earlier losses were swiftly counteracted, illustrating the greenback’s resilience amidst fluctuating conditions. Interestingly, the extended pullback in treasury yield has left Dollar unscathed, and it has similarly shrugged off stronger than expected PPI data. All eyes are now set on the release of the

DB says that inflationary pressure is receding: central bank tightening supply chain pressures have diminished commodity price inflation has subsided But, say the analysts, now is not the time to become complacent, urging caution. Outlining 4 reasons to be wary of an inflation resurgence: 1. Above target inflation persists in every G7 country 2. With

Gold prices slipped on Tuesday after rising nearly 2% in the previous session as investors cautiously turned back to riskier assets and looked forward to further cues on the U.S. central bank‘s policy stance. Spot gold was down 0.3% at 1,856.39 per ounce as of 10:58 a.m. EDT (1458 GMT) after rising to a more

Yen is facing renewed selling pressure today as the development coincides a remarkable rebound in Nikkei and pullback in 10-year JGB yield. The notable rally in Nikkei, marking its largest single-day surge in nearly a year, is pivotal, signifying the potential of an extended risk-on sentiment in Japan that could correlate with a further depreciation

Prior 91.3 This marks 21 months in a row now that the index has come in below the 49-year average of 98. Of note, 23% of business owners continue to report that inflation remains their single biggest problem in operating their business – similar to last month. The full report can be found here.

10-year Treasury yields are down to 4.707% now after returning from the long weekend, down notably from 4.782% at the end of Friday. That being said, they are much higher than the opening gap lower of 4.636% earlier today. We already saw how stocks brushed aside the Middle East conflict yesterday, will we see the

Headlines: Markets: EUR leads, JPY lags on the day European equities higher; S&P 500 futures flat US 10-year yields down 7.9 bps to 4.702% Gold down 0.2% to $1,856.25 WTI crude down 0.4% to $86.04 Bitcoin down 0.2% to $27,520 It took less than a day for markets to brush aside the Middle East conflict