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Gold prices held steady on Friday, and were poised for a seventh consecutive weekly gain, as U.S. President Donald Trump’s plans to impose reciprocal tariffs on every country taxing U.S. imports fuelled concerns of a global trade war. FUNDAMENTALS * Spot gold held its ground at $2,929.02 per ounce, as of 0040 GMT, moving closer

Dollar closed the week broadly lower, with the only exception being its slight gains against the even weaker Yen. Risk-on sentiment dominated global markets, fueling strong rallies in equities across the US, Europe, and Hong Kong, which in turn kept the greenback under pressure. The greenback had previously enjoyed a tariff-driven boost earlier in the

Major US stock indices are closing mixed to end the trading week. The Dow industrial average closed lower. The S&P closed unchanged while the NASDAQ index closed higher. The final numbers are showing: Dow industrial average fell -165.35 points or -0.37% at 44546.08 S&P index felt -0.44 points or -0.01% at 6114.63. That was around

On February 15, spot gold was highly volatile and choppy amid weak US data and traders reassessing the impacts of the US President Trump’s tariff policies. The yellow metal came close to it’s all-time high level of $2943; however, it slumped as traders opted to book profits. The yellow metal traded between $2854 (February 10)

US retail sales for January came in significantly weaker than expected, raising concerns about economic momentum as the new year begins. The control group, which feeds directly into GDP calculations, fell -0.8% (vs. +0.3% expected), while the headline figure dropped -0.9% (vs. -0.1% expected). In response, the Atlanta Fed’s GDPNow growth estimate for Q1 was

Gold has emerged as a strong performer in terms of returns since 2000, surpassing major stock market indices such as the S&P 500 and Nifty 50 over the last 25 years, according to a report by Aequitas. The report highlighted that gold has consistently delivered higher returns than both the American stock market index S&P

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 in early trade on Friday, set to snap a three-week losing streak, amid rising fuel demand and expectations that Trump’s plans for reciprocal global tariffs would not come into effect until April, giving more time to avoid a trade war. Brent futures were up 19 cents at $75.25 a barrel by 0300

Dollar’s selloff is accelerating as the week draws to a close, with investors continuing to react to the evolving trade policy stance from the White House. Wall Street posted broad gains overnight, as markets took relief in the fact that US President Donald Trump’s much-anticipated reciprocal tariff plan did not impose immediate trade restrictions. Instead,

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 April futures contracts at MCX opened higher today at Rs 86,116 per 10 gram, which is up by 0.36% or Rs 306 while silver March futures contracts were trading at Rs 96,270/kg, up by 1.09% or Rs 1,037. Gold prices have surged by a staggering Rs 3,900/10 grams in this month so far while

The currency markets are treading cautiously, with traders showing little reaction to stronger-than-expected US PPI data and a better-than-anticipated jobless claims report. Despite these inflationary signals, Dollar has struggled to gain further traction, as market participants hold their positions ahead of a highly anticipated announcement on US “reciprocal tariffs” from President Donald Trump. The announcement,

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 fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows and U.S. President Donald Trump’s intention to introduce reciprocal tariffs stoked inflation jitters. Brent futures were down 55 cents, or 0.73%, at $74.63 a barrel by 0141 GMT while

The forex markets was subdued in Asian session today. Dollar strength faded quickly after initial boost from stronger-than-expected US inflation data. While the greenback retains most of its gains against Yen, it has started to weaken against other major currencies. The reluctance of Dollar to sustain its rally—despite reduced odds of a Fed rate cut

The US CPI report yesterday was a hotter one but again, it could perhaps owe a bit to seasonality as warned. In any case, all it served was to reaffirm Fed chair Powell’s stance during his testimony this week that the Fed will be pausing on rate cuts for the time being. Traders had already

Amid high volatility, Gold April futures contracts at MCX opened higher on Thursday at Rs 85,830 per 10 gram, hovering near its higher levels. The yellow metal was up by 0.41% or Rs 349 in early trade. Silver March futures contracts, meanwhile, opened flat at Rs 95,580/kg, marginally up by 0.08% or Rs 78. On

Dollar rallied sharply in early US trading after inflation data came in hotter than expected, reinforcing expectations that Fed will maintain its restrictive policy stance for longer than previously anticipated. 10-year Treasury yield surged past 4.6%, extending its strong rebound from earlier in the week. US equity futures plunged, with DOW futures down around -1%