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Gold prices nudged higher to touch a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve next week, ahead of a closely watched U.S. inflation report. FUNDAMENTALS * Spot gold was up 0.1% at $2,696.82 per ounce, as of 0023 GMT. U.S. gold futures rose

Euro’s selloff accelerated today, breaking to a new 2024 low against Sterling. The common currency also weakened notably against the Swiss Franc, even as it remained relatively steady against other peers. Market sentiment appears to be pricing in dovish guidance from ECB at its upcoming meeting, where a standard 25bps rate cut is expected over

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

Dollar and Yen saw modest recoveries in Asian session, driven by the cautious tone in financial markets as traders positioned themselves ahead of a crucial week for economic data and central bank announcements. Risk sentiment was subdued, with equities weakening on concerns over weaker inflation data from China. Adding to the caution, Fitch Ratings downgraded

AUD/USD hourly chart The run higher yesterday after the China news saw AUD/USD briefly move up above its 200-hour moving average (blue line). But ultimately, sellers held the line in pinning the pair down as the euphoria faded amid a more negative mood in equities. That continued into today before the RBA pushed the issue

Oil prices eased only slightly on Tuesday, holding on to most of their gains from the prior session as mounting geopolitical risk after the fall of Syrian President Bashar al-Assad and China’s vow to ramp up policy stimulus kept a floor under prices. Brent crude futures were down 13 cents, or about 0.2%, at $72.01

Commodity currencies found significant support today after China pledged to intensify its economic stimulus efforts, aiming to secure next year’s growth targets. Australian Dollar led the charge, followed by New Zealand Dollar and Canadian Dollar, as risk-sensitive assets reacted positively to the news. Meanwhile, Hong Kong’s HSI surged, reflecting optimism in the region, though gains

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 declined Rs 190 to Rs 78,960 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity settled at Rs 79,150 per 10 grams on Friday. However, silver climbed Rs 350 to Rs 93,850 per kg on Monday. The metal

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

The resurgence of “Trump Trade” last week reignited optimism across financial markets, driving US stocks to fresh record highs and propelling Bitcoin past the critical 100k psychological level. Investors appeared largely unfazed by a slew of top-tier US economic data and the solidification of expectations for a 25bps Fed rate cut this month. Instead, the

UPCOMING EVENTS: Monday: China CPI. Tuesday: RBA Policy Decision, US NFIB Small Business Optimism Index. Wednesday: Japan Tankan Index, Japan PPI, US CPI, BoC Policy Decision. Thursday: Australia Labour Market report, SNB Policy Decision, ECB Policy Decision, US PPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: BoJ Tankan Index, UK GDP. Monday The Chinese

Gold prices edged lower on Thursday as investors waited for US payroll data expected to provide more insights into the Federal Reserve’s monetary policy path. As of 10:01 am, February gold futures were trading at Rs 76,980 per 10 grams on the MCX, down by Rs 112 or 0.15% from the previous session’s closing price.

Data released Saturday by the People’s Bank of China revealed that it has resumed buying gold. It was the largest official buyer in the world in 2023 as it looked to be headed on a multi-year effort to diversify out of US dollars. That changed this year as officials seemingly became price sensitive as buying

Gold prices inched up on Friday after the November U.S. job growth report suggested the labor market continues to ease gradually, leaving room for the Federal Reserve to cut interest rates again. Spot gold gained 0.2% to $2,636.31 per ounce by 01:41 p.m. ET (1841 GMT). U.S. gold futures settled 0.4% higher at $2,659.60. U.S.

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

Spot gold closed with a gain of $1 at $2633 on Friday. The metal was down nearly 0.40% this week, its second straight weekly loss. It traded in the range of $2613 (December 6) to $2657 (December 4). Data roundup The US employers added 227K jobs, beating the forecast of 220K, as with October data

Dollar steadied after yesterday’s selloff, recovering slightly as markets braced for the non-farm payroll report. Traders appear increasingly confident about a December rate cut, shifting the focus of today’s employment data toward its implications for January’s FOMC meeting. While the report may still trigger some market volatility, many participants seem inclined to look past this