News

As I outlined yesterday, China hasn’t done enough to crank up its real economy and that’s led to some heavy selling in Chinese equities. The question is: Will more fiscal stimulus come? The answer might come Saturday. Chinese Finance Minister Lan Fo’an is set to hold a press conference on Saturday at 10 am local

With the ongoing festive season and Diwali around the corner, the prices of gold may be set to touch Rs 80,000/10 gram, believe analysts as the yellow metal has maintained its upward trajectory for the third consecutive year. With Diwali just three weeks away, we are entering a major festival season in India. Traditionally, buying

Hong Kong markets experienced another day of intense volatility, with benchmark HSI plunging over -5% during the morning session as traders rushed to lock in profits from the recent rally. The sell-off came as disappointment spread among investors after China’s National Development and Reform Commission failed to deliver concrete details on further stimulus measures, following

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 December futures contracts at MCX opened flat today at Rs 75,885 per 10 gram, which is down by 0.21% or Rs 160 while silver December futures contracts were trading at Rs 91,530/kg, down by 0.9% or Rs 827. Gold prices have fallen by Rs 500/10 gram in the last one week, while silver prices

Movements in the currency markets today are somewhat mixed today. Commodity currencies are generally underperforming, led by a sharp decline in Australian Dollar. Investor sentiment in Asia was dampened by the lack of detailed stimulus measures from China, following the much-anticipated post-holiday announcement. This disappointment was starkly reflected in Hong Kong’s stock markets, which saw

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 retreated from record high in the national capital on Tuesday, plunging Rs 400 to Rs 78,300 per 10 grams following fresh selling by stockists triggered by a bearish trend in the global markets. The precious metal had closed at an all-time level of Rs 78,700 per 10 grams on Monday, according to the

Japan’s verbal intervention re-entered the spotlight today as USD/JPY briefly surged above the 149 mark amid a quiet Asian session. Yen continues to face pressure from the strong rebound in Dollar, driven by traders abandoning bets on of a 50bps Fed rate cut in November. Additionally, rising US and European yields exacerbated Yen weakness. Japanese

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

Mumbai: Investors would be better off staggering their purchases of gold over the next few months than buying lumpsum, said analysts. This is because the prices of the precious metal could witness some sharp pullbacks following the recent run-up in their value, they said. The longer-term bull market in gold however remains intact. “We expect

Risk sentiment is a little bit subdued as US futures trade in the red ahead of North American session. Yen is recovering broadly, partly supported by Japan’s renewed verbal intervention efforts, with traders closely monitoring the possibility of action if USD/JPY breaches 150 psychological level. Swiss Franc and Dollar are also on the firmer side.

The reports of an ‘imminent’ attack from Israel on Iran have been doing the rounds for days now but they’re coming even faster today. That could be because it’s Monday and everyone is back watching or it could be enough smoke to signal fire. Today is also the one-year anniversary of the Oct 7 music

Gold prices appreciated by Rs 250 to hit a fresh all-time high of Rs 78,700 per 10 grams on Monday on account of consistent buying support from jewellers and firm trends in the overseas markets. The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday. However, silver declined

Trump spoke on Sunday, said he would place up to 200% tariffs on vehicles imported from Mexico. The big 3 US auto makers all have plants building cars for the US market in Mexico. Trump had previously promised 100% tariffs on imported cars and trucks. But on Sunday ratcheted this up to 200%: “We’ll put

Gold held steady on Thursday, as traders focused on developments in the Middle East conflict and anticipated key U.S. economic data that may provide clues about the rate cuts expected later in the year. FUNDAMENTALS * Spot gold was steady at $2,659.05 per ounce, as of 0034 GMT. * U.S. gold futures rose 0.4% to

UPCOMING EVENTS: Monday: Eurozone Retail Sales. (China on holiday) Tuesday: Japan Average Cash Earnings, RBA Meeting Minutes, US NFIB Small Business Optimism Index. Wednesday: RBNZ Policy Decision, FOMC Meeting Minutes. Thursday: Japan PPI, ECB Meeting Minutes, US CPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: UK GDP, Canada Labour Market report, US PPI, US

Gold December futures contracts at MCX opened flat today at Rs 76,120 per 10 gram, which is down by 0.35% or Rs 270 while silver December futures contracts were trading at Rs 91,825/kg, up by 0.49% or Rs 450. Gold as well as silver prices have surged slightly in this week so far. The former