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Ten consecutive rate hikes by the US Fed till date is a serious indication of how serious the central bank is on controlling inflation. But, the Fed’s target of 2% inflation will take much longer than its own estimates. Hence, the safe haven appeal for gold continues even now irrespective of the outcome of the

Dollar is trading mixed in Asian session today as market participants eagerly anticipate April’s consumer inflation data from the US. The much-anticipated meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy unfolded as expected, with no resolution on the government’s self-imposed USD 31.4T debt limit. This issue, if unresolved, could plunge 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 jumped Rs 450 to Rs 61,300 per 10 grams in the national capital on Tuesday amid a rise in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,850 per 10 grams. Silver, however, went lower Rs 380 to Rs 77,400 per kg.

Dollar and Yen are striking back on mild risk-off sentiment while Commodity currencies are paring some gains too. Eyes will be on the meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy on debt ceiling. A final agreement on raising the debt limit is not expected today, but any rhetorics will be

High-yield 3.695% WI level 3.723% Tail -2.8 basis points versus six-month average of -0.1% Bid to cover 2.93X versus six-month average of 2.60X Directs 13.66% versus six-month average of 18.9% Indirects 73.35% versus six-month average of 62.7% Dealers 12.99% versus six-month average of 18.4% Highlights: The 3 year note auction was met with very strong

Gold prices eased during early Asian hours on Tuesday as cautious market participants awaited U.S. inflation data that could influence the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold fell 0.1% at $2,020.22 per ounce, as of 0023 GMT. U.S. gold futures were down 0.3% at $2,027.10. * The dollar index was up 0.1%, making

Euro continues its descent during Asian trading session, partly due to the optimism expressed by ECB Chief Economist about slowing in inflation ahead. The common currency currently ranks as the worst performer for the month, although it still holds above last month’s low against all currencies, barring the Pound. Meanwhile, Sterling also shows signs of

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 price climbed Rs 150 to Rs 60,600 per 10 gram in the national capital on Monday amid gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,450 per 10 gram. Silver, however, declined Rs 120 to Rs 77,580 per kg. “Spot gold

Eurn turns weaker today after investor confidence data suggests that economic recovery might be faltering. But for now, Yen and Dollar are even weaker. Sterling and Swiss Franc are not much better than Euro too. Commodity currencies are the stars of the day, with New Zealand Dollar leading the way. Canadian Dollar is also catching

Gold prices were flat on Monday, after slumping more than 2% in the previous session, as investors maintained a cautious stance ahead of key U.S. inflation data due this week. FUNDAMENTALS * Spot gold held its ground at $2,016.29 per ounce, as of 0016 GMT. U.S. gold futures were down 0.1% at $2,023.80. * The

Dollar weakened broadly during Asian session, as relatively upbeat sentiment in stock markets took hold. Despite Japan’s Nikkei being down after holidays, stocks in Hong Kong and China are both making gains. Australian and New Zealand dollars emerged as the stronger performers for now, followed by Euro. Meanwhile, Canadian Dollar lagged once again, digesting some

China’s foreign minister Qin met US Ambassador to China Burns. Comments from Qin reported in Chinese Communist Party-controlled State media: It is imperative to stabilise Sino-US relations, avoid a downward spiral and prevent accidents between China and the US US side should correct its understanding of China, return to rationality US must especially correctly handle

India‘s gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22. The growth rate in the imports was in the

Yellen speaking on ABC News’s “This Week” said: The US could face a potential constitutional crisis due to debt ceiling negotiations, with major consequences to the financial markets and interest rates Debt ceiling negotiations should not take place “with a gun to the head of the American people” Reiterated that the government could pay its

Spot gold closed with a weekly gain of nearly 1.50% % at $2017.56. The metal slid sharply lower Friday on seemingly a much better-than-expected US nonfarm payroll report for April. Friday’s loss cut its weekly gain nearly in half. Earlier, gold refreshed its all-time high as it rose to $2080 on May 4 in the

Gold prices started the week on a negative note amid improved risk sentiments after JPMorgan Chase & Co. agreed to acquire First Republic after its collapse last month, making it the second-biggest bank failure in US history. The government-led deal fueled optimism that the worst of the banking sector turmoil might be over, prompting a