Month: December 2023

1) House prices Eight weeks ago, we might be having a very different conversation about Canadian housing. Yields were rising and central banks were offering no hints about cutting rates. Pain was certainly in the pipeline and a hard housing landing in the spring was likely. Skip ahead and the Government of Canada five year

Continuing to glitter in 2024 as well, gold price is likely to touch Rs 70,000 per 10 grams in the domestic market on the back of a stable rupee, geopolitical uncertainties and slowing global economic growth, according to experts. Currently, the yellow metal price is hovering at Rs 63,060 per 10 grams on the commodity

China’s Manufacturing PMI from the National Bureau of Statistics (NBS) for December has come in at its third straight month of contraction at 49.0, much worse than was expected from 49.5 expected and 49.4 in November Services at 50.4, a slight miss 50.5 expected and 50.2 in November Composite is 50.3, from 50.4 in November.

Gold prices gained +13% for the year ending 2023 after two years of lull returns- fuelled by the rising geo-political tensions during the year ( Russia-Ukraine, Israel- Gaza,) alongside the notion of toning down of the prevailing steep interest rates cycle, as policymakers have been successful in bringing down the inflation levels from four decades

The major US stock indices could not keep the momentum going and is ending the day and the year with a down day. The declines today, however, were not large enough to close the week lower. As a result, the major indices are ending higher for the 9th consecutive week to end a strong year

Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 18 cents, or 0.2%, at $77.33 a barrel at 0126 GMT on Friday, the last trading

Happy New Year It was a lively year in the FX market with the yen going on a particularly wild ride but ultimately it was the Swiss franc that came out on top as USD/CHF fell nearly 9%. At the other end of the spectrum was the Japanese yen as it was the G10 laggard

Commodity prices witnessed a mixed sentiment last year. Despite gold rallying to record highs, demand concerns due to the softening of the global economy adversely hit the prices of energy and base metals. Gold was the best-performing asset in the commodities gaining more than 15 percent in 2023. It hit an all-time high of $2135

The global asset that dominated the conversation in much of 2023 and particularly in Q4 was the 10-year Treasury note. However after a tumultuous year, it finishes nearly unchanged. The 10-year closed 2022 at 3.83% and it closes today at 3.87%. In the meantime it fell as low as 3.25% on the spring regional US

Gold prices were set on Friday for their best year in three on strong bets of U.S. interest rate cuts early next year and as the war in Ukraine and tensions in the Middle East lifted safe-haven demand. FUNDAMENTALS * Spot gold was up 0.2% at $2,068.95 per ounce, as of 0233 GMT. It has