Oil prices climbed in early Asian trading hours on Wednesday, bouncing off two-month lows hit in the prior session, after an industry group reported U.S. crude stockpiles fell last week. Brent crude oil futures rose 27 cents, or 0.4%, to $73.29 a barrel by 0134 GMT. U.S. West Texas Intermediate crude oil futures were up
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Dollar weakened notably against European majors and Yen as markets transitioned into US session, despite subdued overall trading activity. The decline was largely driven by extended fall in US 10-year Treasury yield, which hit its lowest level since mid-December. Beyond geopolitical and trade war concerns, market focus has turned toward whether slowing US consumption and
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
In a world marked by geopolitical uncertainties, changing monetary policies, and economic volatility, gold continues to shine as a reliable investment avenue. In an interview with ETNow Sanjay Bembalkar, Co-Head of Equity at Union Asset Management Company, highlights the strategic importance of gold in an investor’s portfolio, particularly through Gold ETFs (Exchange Traded Funds). In
Dollar gained slightly overnight, buoyed by mild risk aversion and ongoing tariff threats from President Donald Trump. However, the lack of follow-through momentum in the greenback suggests traders remain hesitant to commit to large directional bets amid persistent policy uncertainty. US stock market weakness has been most pronounced in the NASDAQ, which fell by more
Bitcoin (BTC/USD) daily chart It’s been a rough week so far for cryptocurrencies with some heavy selling in the last two days. Bitcoin itself is down 7% during this period, now testing waters under $90,000 again. It’s only the second time in three months that price is threatening to drop below the figure level but
Gold prices surged to nearly their record high level on Monday before witnessing some profit booking amid uncertainty and safe haven buying. On Tuesday, Gold April futures contracts at MCX opened higher today at Rs 86,380 per 10 gram, which is up by 0.22% or Rs 200 Silver March futures contracts also opened higher today.
Euro’s brief post-election rally faded quickly, as investors welcomed CDU/CSU’s victory but remained cautious due to lingering uncertainties around coalition formation and fiscal policy. While a relatively centrist government comprising CDU and the Social Democrats would provide stability, challenges surrounding the “debt brake” reform and defense spending continue to cloud the outlook. A coalition with
The economic calendar was light today with the less followed Dallas Fed manufactuing index the only release. It showed a fall to -8.3 from 14.1 last month. That was the lowest level going back to September 2024. With stocks giving up their gains early in the day, the data helped to push the indices down
weekly inflow since March 2022 last week, data by the World Gold Council (WGC) showed on Monday. Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal , which hit a record high of $2,956.15 per troy ounce on Monday. Gold ETFs saw an inflow of
Euro opened the week slightly higher against all major currencies, as traders reacted positively to the German election results. Conservatives CDU/CSU secured victory, setting Friedrich Merz up as the next chancellor. However, Euro’s gains remain limited, as uncertainty over coalition talks persists, with negotiations potentially dragging on until Easter. While Merz’s CDU/CSU emerged as the
Welp, that certainly didn’t take long. The German election result provided a glimmer of hope for a turnaround in the German economy. But after an early boost, it looks like traders are still reserving some caution. There’s still a lot that needs to be done for the coalition to work. So, I guess therein lies
Gold prices remained volatile in the last week, surging overall by Rs 900/10 grams on MCX as Gold April futures contracts opened flat today at Rs 85,970 per 10 grams. The prices were down by 0.05% or Rs 40 on Monday. Meanwhile, silver March futures contracts have surged by Rs 700/kg, opening at Rs 96,265/kg
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. Indicative rates, a little change from late Friday, but not as much as we’ve come to expect over these past few weeks:
The silver-to-gold ratio is currently at its all-time low of 0.01, said Sahil Kapoor, head of products & market strategist at DSP Mutual Fund. Its all-time high is 0.06. The ratio shows how cheap or expensive silver is compared to gold. On average, it takes between 60 and 70 ounces of silver to equal the
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 prices were little changed on Friday but remained on track for an eighth successive weekly gain, driven by concerns over U.S. President Donald Trump’s tariff plans, which could spark trade wars and stoke inflation. FUNDAMENTALS * Spot gold was up 0.1% to $2,941.25 an ounce, as of 0018 GMT. Bullion rose about 2% so
Geopolitical developments dominated global headlines last week, particularly surrounding peace negotiations over Russia’s invasion of Ukraine and evolving US-Ukraine relations. While US President Donald Trump’s tariffs took a backseat, concerns over their impact on consumer spending and economic growth resurfaced by the end of the week, triggering renewed risk aversion. Markets lacked clear direction for