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Gold and silver futures traded weak on the MCX on Monday amid lack of positive triggers. On the Comex, the yellow metal traded flat hovering near three-week lows as the Street awaits US inflation data for more cues on the interest rate trajectory from the US Federal Reserve. The December gold futures were trading at

Japanese Yen continues to weaken, accelerating its decline in today’s Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this stage, despite the steep and extended depreciation. But the country’s approach to currency intervention remains shrouded in typical discretion. So,

UPCOMING EVENTS: Monday: Japan PPI. Tuesday: UK Jobs data, German ZEW, NFIB Small Business Optimism Index, US CPI. Wednesday: Japan GDP, Australia Wage data, China Industrial Production and Retail Sales, UK CPI, US PPI, US Retail Sales, PBoC MLF. Thursday: Australia Jobs data, US Jobless Claims, US Industrial Production, NAHB Housing Market Index, New Zealand

Dhanteras, a significant day in the Hindu calendar, is traditionally associated with the purchase of gold and silver, symbolizing prosperity and good fortune. As you embark on your Dhanteras shopping journey, here’s a guide to help you make informed decisions with the following do’s and don’ts: Do’s: 1.Research Prices in Advance:Prior to Dhanteras, research the

The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week. A snapshot of closing levels shows: Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving

Spot gold closed with a loss of 1.08% at $1938.28 Friday as safe haven demand for the metal is weakening due to no further escalation in the ongoing Hamas-Israel war. Israel has agreed to four-hour pauses in the Gaza strip to allow humanitarian aid and assistance. It has been reported that Hamas and Israel are

Dollar emerged as the best performer last week, fueled by hawkish remarks from Fed Chair Jerome Powell. The greenback’s surge raises questions: is this merely a recovery from recent losses, or the beginning of a new uptrend? While Dollar gains support, rising risk-on sentiment in the markets seems to limit its ascent. On the other

Markets: Gold down $21 to $1936 US 10-year yields up 2.2 bps to 4.65% WTI crude oil up $1.64 to $77.38 S&P 500 up 1.4% EUR leads, JPY lags There was a stark contrast to what was happening in the stock market and elsewhere. The finishing FX moves on the day were limited with modest

Many festivals in India are considered auspicious to buy Gold, and Dhanteras is among the favourites. In India, people invest in Gold for long-term gains. That is why Indian households have the highest reserves of Gold, roughly 21000 tonnes. Gold is very close to Indian’s hearts and is a more sentimental investment than a speculative

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 shed to a near four-month low last week due to easing supply tensions in the Middle East, rising OPEC exports, mixed economic data release from China, and a surge in US inventory levels. Prices corrected by more than 16 percent since the middle of October when it surpassed $90 a barrel on worries

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 Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group’s next move on production. Brent crude futures for January were up 99 cents, or 1.2%,

Today’s currency market sees Euro gaining some traction, especially against Japanese Yen, which is underperforming alongside Australian Dollar. Despite RBA’s hinting at a potential rate hike, Aussie is struggling, not only against major currencies but also against its commodity-linked counterparts. British Pound, too, is lagging behind despite UK reporting GDP figures marginally above expectations. Dollar

Oil set for third weekly decline as Middle East conflict concerns ebb FULL STORY Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves. “The threat of disruptions to supplies from the

Dhanteras: Here’s a look at how precious gold shined in the long-term! – The Economic Times Video | ET Now ET Now | 10 Nov 2023, 10:45 AM IST Embed <iframe mozallowfullscreen=”true” webkitallowfullscreen=”true” allowfullscreen=”true” width=”560″ height=”420″ frameborder=”0″ src=”/videodash.cms?autostart=1&msid=105112937&tpname=embed_video&rlvideo=1808152121″></iframe> As consumers gear-up for Dhanteras, here’s a look at how the precious gold shined in the long-term!

In today’s currency markets, Australian Dollar is notably weaker across the board, a development that comes as a surprise considering the hawkish tone of the latest RBA Statement on Monetary Policy. The statement, which leaned towards the possibility of another rate hike, seemed insufficient to bolster the Aussie. Factors such as global risk aversion and

The FT reports that the Industrial and Commercial Bank of China was hit by a ransomware attack that may have disrupted the US Treasury market. The report says ICBC was prevented from settling bond trades on behalf of others. It’s a worrisome attack at China’s largest bank, though reports say that it’s starting to restore