Gold prices inched down on Monday, pressured by a firmer dollar, while investors awaited further clues on the U.S. Federal Reserve‘s timing of this year’s first interest rate cut. FUNDAMENTALS * Spot gold was down 0.3% at $2,030.9 per ounce, as of 0100 GMT. U.S. gold futures edged 0.4% lower to $2,040.6 per ounce.* The
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The global financial markets are overall very quiet today, marked by a noticeable absence of significant economic data releases or impactful news. Euro emerges as the frontrunner, leading European majors higher, while Yen sees a slight dip in anticipation of Japan’s CPI data set to be released tomorrow. Commodity currencies are on the weaker side,
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 traded in the red in the early trade on Monday dragged by an uptick in the dollar index (DXY), which is still hovering around the 104 mark against a basket of six major currencies. The DXY was up 0.06 points or 0.06%. It has depreciated by 0.24% over the last five sessions. Taking cues
New Zealand Dollar weakens broadly in Asian session today, reflecting market caution ahead the RBNZ decision later this week, on concerns of less hawkish than expected outcome. The selloff in Kiwi is also dragging down Australian Dollar some what, while Yen and Dollar found some room to recover from last week’s losses. At the same
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
SINGAPORE, – Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT, while U.S. West Texas Intermediate crude futures were 25 cents, or 0.3%, lower at $78.36.
WTI crude oil weekly The oil market finished last week on an optimistic note, closing just below the $80 level and threatening to break to the highs since November. Alas, the dam didn’t break and oil has slumped back to $76.62, finishing at the lows of the week. For most of the shortened week, oil
Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let’s delve into the seasonal trends observed in the Indian market and explore
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 closed with a gain of 0.57% at $2036 Friday. The metal was up nearly 1% on the week. As per the macroeconomic data released Friday, China’s new home prices – 70 City Index (January) slid for the eighth consecutive month in January. Germany’s GDP contracted 0.30% in the 4Q as per the final
The past week marked a significant milestone in global financial markets, as major indices like DOW, S&P 500, DAX, CAC, and even Nikkei all reached new record highs, buoyed by the widespread euphoria surrounding artificial intelligence related sectors. This wave of optimism to eclipsed the recalibrated expectations that some major central banks, like Fed, would
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
Crude oil prices gained about 10 percent in the first two months of 2024. The ongoing geopolitical tensions in the Middle East and reports of falling inventories assisted prices to edge higher. Worries over supply disruptions in the Middle East added concerns to the global crude oil market. The growing conflict between Israel and Hamas
Markets: Gold up $12 to $2035 US 10-year yields down 6.7 bps to 4.51% S&P 500 up 2 points to 5088 WTI crude oil down $2.06 to $76.55 AUD leads, CAD lags Friday’s US economic calendar was completely bare and if you look at the closing levels in FX, there is hardly any movement to
Gold prices on Friday were set for their first weekly gain in two, supported by a softer dollar and safe-haven buying, as investors awaited further clues on when the U.S. Federal Reserve is likely to begin cutting its interest rates. FUNDAMENTALS * Spot gold was up 0.1% at $2,026.5 per ounce, as of 0100 GMT,
As US session gets underway, Yen and Dollar remain the weakest links in the currency markets, reflecting a broader trend of risk appetite among investors. All eyes are now on whether the US stock market can extend its record-setting run. In particular, there is anticipation that NASDAQ could catch up and achieve a new historical
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