– Gold prices hit more than one-month highs on Thursday in early Asian hours after data showed U.S. core inflation rose less than expected in December, raising hopes that the Federal Reserve could ease interest rates further. FUNDAMENTALS * Spot gold was flat at $2,695.84 per ounce, as of 0051 GMT, after hitting its highest
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Global markets are buzzing in anticipation of Donald Trump’s inauguration on January 20, yet the latest developments suggest investors may already be looking past the immediate impact. Despite speculation surrounding Trump’s policies—particularly tariffs—various benchmarks and asset classes are charting their own directions based on localized drivers and monetary policy expectations. In the US, the strong
The major US stock indices are closing higher for the day and for the week. The week gain, is the first for the new trading year for the broader indices. For the day: Dow industrial average rose 334.70 points or 0.78% at 43487.83 S&P index rose 59.32 points or 1.00% at 5996.66 NASDAQ index rose
Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year. FUNDAMENTALS * Spot gold was flat at $2,715.21 per ounce as of 0047 GMT, hovering near a more than one-month peak hit on
Here is my base case. Greenland: This is a real pet project of Trump’s. He’s a real estate guy, it’s the biggest island in the world and there are only 56,000 people there. Denmark is weak, there is already a US base on the island and there are probably a lot of natural resources waiting
TOKYO – Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply following U.S. sanctions on Russian oil producers and signals from a Federal Reserve official of potential interest rate cuts. Brent crude futures rose 13 cents, or 0.2%, to $81.42 per barrel by 0113 GMT, after declining
Sharp selloff in commodity currencies against Dollar is dominating market action as the US session unfolds. While broader trading remains subdued, the sudden weakness in these currencies appears tied to trader caution ahead of President-elect Donald Trump’s inauguration on Monday. Concerns over tariff policies could be the main driver of the moves, in the absence
Markets: Crude oil: $-0.47 at $77.38 Gold $-11.90 or -0.44% at $2701.83 Silver is $0.47 or -1.54% at $30.32 Bitcoin up $4864 or 4.87% at $104,831 The USD is ending the day higher versus all the major currency pairs. The largest move is a 0.74% gain versus the JPY. The dollar rose by 0.61% versus
Gold February futures contracts at MCX opened flat on Friday at Rs 79,160/10 gram, which is down by 0.08% or Rs 66 while silver March futures contracts were trading at Rs 95,525/kg, down by 0.3% or Rs 278. Gold prices have surged by Rs 700/10 grams in this week so far while silver prices traded
Sterling continues to trade under pressure following a week of disappointing UK economic data, with weak December retail sales completing a trio of negative reports that also included lower-than-expected GDP growth and CPI readings. The data has reinforced market expectations that BoE would ease monetary policy in 2025, as the economy struggles under the new
Headlines: Markets: EUR leads, GBP and JPY lag on the day European equities higher; S&P 500 futures up 0.3% US 10-year yields down 1.3 bps to 4.592% Gold down 0.3% to $2,706.01 WTI flat at $77.87 Bitcoin up 2.1% to $102,247 It’s a bit of a slower session as the week winds down, with the
Oil prices rose on Friday, heading for a fourth consecutive week of gains as the latest U.S. sanctions on Russian energy trade hit supply, pushing up spot trade prices and shipping rates. Brent crude futures were trading 55 cents or 0.7% higher at $81.84 per barrel as of 0804 GMT and have gained 2.6% so
Activity in the forex markets has turned relatively subdued today, with no clear trend emerging as traders shift into a cautious stance. With no top-tier economic data scheduled for the rest of the week, attention is turning to the impending inauguration of US President-elect Donald Trump next Monday. The spotlight is squarely on his anticipated
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 for a second day on Thursday after a larger-than-expected decline in U.S. crude oil stockpiles added to supply concerns stoked by U.S. sanctions against Russian energy trade. Brent crude futures rose 30 cents, or 0.4%, to $82.33 per barrel by 0120 GMT, after rising 2.6% to its highest since July 26 in
Yen’s near term rebound gained momentum again today, supported by BOJ Governor Kazuo Ueda’s persistent messaging about a potential rate hike at next week’s policy meeting. Ueda’s repeated remarks are interpreted as laying the groundwork for markets to brace for a monetary policy shift. While recent polls as of last week indicated only a minority
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
After soft US inflation data, Gold February futures contracts at MCX opened flat on Thursday at Rs 78,805 per 10 gram, which is up by 0.12% or Rs 95 while silver March futures contracts were trading at Rs 93,139/kg, up by 0.3% or Rs 283. Gold prices have risen by Rs 840/ 10 grams in