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Gold prices were steady near record highs on Wednesday, as a weaker dollar and an escalated conflict in the Middle East lifted bullion’s safe-haven appeal, while investors braced themselves for new signals on the U.S. interest rate trajectory. FUNDAMENTALS * Spot gold held its ground at $2,658.07 per ounce, as of 0016 GMT. Bullion hit

Dollar continued its broad-based weakness in Asian session, with selling pressure shifting towards European majors. EUR/USD is approaching its August high as the near-term rebound gathers momentum. This decline in the Dollar is partly attributed to weaker-than-expected US consumer confidence data released overnight, which has intensified market expectations of consecutive 50bps rate cuts by Fed

Headlines: Markets: EUR leads, JPY lags on the day European equities mixed; S&P 500 futures flat US 10-year yields up 2.4 bps to 3.760% Gold flat at $2,655.73 WTI crude down 0.7% to $71.05 Bitcoin down 1.0% to $63,603 It was a quieter session but there were some decent markets moves to be had. The

Following a high of Rs 75,049 on Tuesday, Gold October futures contracts at MCX soared to a new all-time high of Rs 76,000 per 10 grams, reflecting an increase of 0.24% or Rs 177. Gold prices have been surging for a week now post the US Fed cut rates by 50 bps, going up by

The forex market continues to display a mild risk-on mood, with commodity-linked currencies Australian, New Zealand, and Canadian Dollars gaining ground. In contrast, safe-haven currencies Japanese Yen, Swiss Franc, and Dollar are under pressure. Australian Dollar jumps earlier today following RBA’s decision to hold rates steady, combined with China’s broad stimulus package aimed at boosting

Via a note from JP Morgan on the China stimulus proposals that hit the headlines on Tuesday: The US has been the anchor for global growth, but a China reboot will also benefit the globe It may create another inflationary pressure, so keep an eye on commodities and bond yields over the coming weeks —

Gold prices remained flat at Rs 76,950 per 10 grams in the national capital on Tuesday amid a firm trend in the overseas markets. On Monday, the precious metal had revisited the all-time high level of Rs 76,950 after a gap of six months, according to market sources. The metal previously hit the record level

Australian Dollar surged broadly today following RBA’s decision to leave interest rates unchanged at 4.35%, as widely expected. What caught the market’s attention was RBA’s continued focus on inflation risks, making it clear that the central bank is not considering a rate cut anytime soon. During the post-meeting press conference, Governor Michele Bullock downplayed 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

Public sector banks (PSBs) are set to lead bond issuances, with infrastructure bonds playing a key role, according to a recent ICRA report. PSBs are expected to account for 82-85% of total issuances in FY2025, helping drive total bank bond issuances to Rs. 1.2-1.3 lakh crore, surpassing the previous record of Rs. 1.1 lakh crore

Euro took a sharp dive today following disappointing PMI data that fueled fresh speculation about ECB potentially moving up its anticipated rate cut. Markets had been bracing for a December cut, timed with the release of new economic forecasts. However, the mounting risks of stagnation and even recession in the Eurozone have prompted discussions that

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 rose on Monday to an all-time high, as bullish market sentiment after the U.S. Federal Reserve cut interest rates last week combined with geopolitical tensions drove prices despite a stronger dollar. Spot gold gained 0.3% to $2,630.19 per ounce by 11:37 a.m. ET (1537 GMT), after hitting an all-time high of $2,635.29 earlier in

Australian Dollar managed to climb modestly in a quiet Asian trading session today, despite underwhelming PMI data from Australia. With Japan on holiday, the session saw limited movement, but risk-on sentiment helped offset some of the negative impact from the weak data. In contrast, Yen and Swiss Franc extended their recent declines. Overall, the markets

AI image This is just a bit of a heads up as the economic calendar on Thursday will be highlighted by a speech from Fed chair Powell. He will be delivering the opening remarks at the 10th annual US Treasury Market Conference. However, his remarks will be ones that are pre-recorded. And based on the

Gold October futures contracts at MCX opened flat today at Rs 74,268 per 10 gram, hovering near its all-time high level while silver December futures contracts were trading at Rs 90,213/kg, up by 0.09% or Rs 78. In the last one week, the prices of gold have gained Rs 800/10 gm while silver has gained

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 soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East. Spot gold was up 1.3% at $2,620.63 per ounce by 1:43 p.m. ET (1743 GMT), while U.S. gold futures settled 1.2% higher to $2,646.20.