Gold February futures contracts at MCX opened flat on Friday at Rs 75,712 per 10 gram, which is up by 0.08% or Rs 61 while silver March futures contracts were trading at Rs 87,006/kg, down by 0.21% or Rs 181. Gold prices are displaying weakness, falling by Rs 2,260/ 10 grams in the last one
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Both Sterling and Japanese yen are among the weakest-performing currencies today, following their respective central banks meetings. BoE left rates unchanged at 4.75%, but the surprise came from a dovish shift in the MPC, with three members voting for a cut. While BoE reiterated that a “gradual approach” to easing remains appropriate, rising concerns over
High Yield: 2.121% Compared to the previous auction’s yield of 1.67%. Higher than the six-auction average of 1.99%. Tail: 5.6 basis points Lower than the previous auction’s tail of 15 basis points. Lower than the six-auction average of 9.0 basis points. Note: The 5-year TIPS traded at 2.065% at 1:00 PM EST. Bid-to-Cover Ratio: 2.10x
Donald Trump’s return to the U.S. presidency and China’s spluttering economy will shape global commodity markets in 2025. With no predictable mould for how this will work, the only certainties will likely be volatility and numerous factors working in opposing directions. Making predictions about prices for major commodities such as crude oil, liquefied natural gas,
Dollar has strengthened against commodity currencies this week but remains range-bound against Euro and Pound, as markets await Fed’s rate decision to gauge the next move. While a 25bps rate cut is fully expected in with no chance of deviation, the focus is on how hawkish Fed’s messaging will be. Key questions include the likelihood
Gold (XAU/USD) daily chart Before yesterday, gold prices only moved down to test the 100-day moving average (red line) twice this year. Yes, that’s right. Just twice. The first was in February and the second in November. During both times, buyers held their ground but they fell short of holding the line in trading yesterday.
After a hawkish guidance for a 2025 rate cut by the US Fed, Gold February futures contracts at MCX opened lower by nearly 1% on Thursday at Rs 75,941 per 10 gram, which is down by Rs 712 while silver March futures contracts were trading at Rs 88,261/kg, down by 2.3% or Rs 2,119. On
The forex and stock markets are holding steady today, with limited volatility as traders anticipate FOMC rate decision and updated economic projections. A 25bps rate cut, reducing the target range to 4.25–4.50%, is virtually certain. However, the market’s focus lies on the tone and guidance Fed delivers. Critical questions include whether a pause in easing
The major European indices are closing the day marginally higher. The gains were led by the France’s CAC, Spain’s Ibex and Italy’s FTSE MIB. The final numbers show: German DAX, +0.07% France’s CAC +0.26% UK’s FTSE 100 +0.05% Spain’s Ibex +0.26% Italy’s FTSE MIB +0.25% As London/European traders had for the exits, and the Fed
Gold prices fell Rs 200 to Rs 79,100 per 10 grams in the national capital on Wednesday amid a firm trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity settled at Rs 79,300 per 10 grams in the previous session. Snapping a three-day losing run,
Sterling remains resilient, as supported by UK employment data indicating that wages remain robust. This development aligns with improved conditions in the UK’s services sector, as seen in yesterday’s PMI release, and suggests that underlying price pressures have not diminished despite growing pessimism tied to the Autumn Budget’s uncertainty. Markets maintain near-zero expectations for a
Major currencies are mostly little changed with exception of the aussie and kiwi today. Both the antipodes are being pulled lower, breaking to fresh lows for the year. AUD/USD is down 0.4% to 0.6311 now upon a break of key technical support from the August low highlighted here. Meanwhile, NZD/USD is down 0.3% to 0.5735
Bullion remains under pressure as gold February futures contracts at MCX extended losses on Wednesday, opening flat at Rs 76,852 per 10 gram, which is down by 0.02% or Rs 19 while silver March futures contracts were trading at Rs 90,700/kg, down by 0.19% or Rs 175. Gold prices have fallen by Rs 300/10 grams
Canadian Dollar trades broadly lower today while commodity currencies are generally soft. Canada’s CPI report reinforced the outlook of stable inflation hovering around target. BOC has likely completed its aggressive rate-cutting phase and pauses in policy easing are anticipated at some meetings next year. Nonetheless, the direction remains clear: further rate reductions are expected to
High yield 4.686% WI level at the time of the auction: 4.671% Details Tail: 1.5 bps vs 6-month average 0.6bps Bid-to-Cover: 2.50X vs 6-month average 2.57x Dealers: 17.9% vs 6-month average 13.3% Directs ( a measure of domestic demand): 20.1% vs 6-month average 15.3% Indirects (a measure of international demand): 62.0% vs 6-month average 71.4%
Oil prices were range-bound in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. interest rate decision due on Wednesday. U.S. West Texas Intermediate crude was down 6 cents at $70.65 a barrel at 0112 GMT, while Brent crude futures fell 1 cent to $73.90
The forex market began the week on a subdued note, with mild risk-off sentiment setting the tone. China’s latest economic data painted a bleak picture, with retail sales significantly underperforming expectations and fixed asset investment experiencing a deeper decline. While industrial production growth met forecasts, it failed to offset concerns about the broader economic slowdown.
AUD/USD daily chart The pair is down 0.4% today and erasing the advance from yesterday, moving back to test the August low of 0.6347. We’ve been here before with the low last week touching 0.6336 but ultimately, the daily and weekly close held. Will it be the same this time around? The pressure is definitely