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Notwithstanding a cut in the customs duty on gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 6% or by Rs 4,268 per 10 gm to hit the day’s low of Rs 68,500, silver September futures on the MCX tanked by Rs 4,928 per kg or 5.5%

Yen is trading broadly higher in otherwise sluggish Asian session today. The central focus remains on whether BoJ will implement another interest rate hike at its upcoming announcement on July 31. Media reports suggest that some BoJ officials are concerned about weak consumer spending, which complicates their decision-making. The possibility of postponing the rate decision

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Gold prices edged higher on Monday, aided by a softer dollar and expectations of a U.S. interest rate cut, while spotlight shifted to economic data for further insights into the Federal Reserve‘s monetary policy path. FUNDAMENTALS * Spot gold was up 0.3% at $2,408.19 per ounce, as of 0017 GMT. Prices scaled an all-time high

Australian Dollar continues to lead the decline among commodity currencies today, with the selloff appearing to accelerate. Despite stabilization in risk sentiment in Europe where major indexes are trading positively, and US futures, particularly NASDAQ, pointing to a stronger open, overall sentiment remains vulnerable. This fragility is largely due to political uncertainty in the US

US stocks will be looking to bounce back after a bit of a hiccup last week. Tech shares saw its worst showing since April with the Nasdaq erasing its monthly gains for July. So far today, we are seeing a calmer mood but it is still early in the day. S&P 500 futures are up

Gold August futures along with silver September futures contracts opened flat on Monday as the former opened up by 0.27% or Rs 194 at Rs 73,184 per 10 gram while the latter opened up by 0.03% or Rs 30 at Rs 89,676 per kilogram. Gold prices went down Rs 1,100/10 gm in the last 2

Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her power to beat Trump, she got the support from Bill and Hillary Clinton while Trump said that Harris will be

The not unexpected weekend news, a bombshell nonetheless. Justin all over it Sudnay US time: Market response has been subdued, the latest: Via twitter, the latest odds: There are over 100 days until the election, and the Democrat convention is a month away, where we will learn who their nominee is. But, if you want

Gold prices firmed on Thursday to hover near a record peak hit in the previous session, as traders ramped up bets of an earlier start to interest-rate cuts by the U.S. Federal Reserve, constraining gains in the dollar and Treasury yields. Spot gold was up 0.3% at $2,464.90 per ounce as of 1155 GMT, having

GBPUSD daily Credit Agricole sees GBP as one of the best-performing G10 currencies, despite recent setbacks due to returning risk aversion and stickier-than-expected UK inflation. The GBP’s relative strength is attributed to expectations that the BoE will maintain rates, reinforcing its status as a top performer in the G10 FX space. Key Points: Recent Performance:

Oil prices fell on Friday, setting up for a second weekly decline, as mixed economic signals weighed on investor sentiment and boosted the dollar. Brent crude prices fell by 51 cents, or 0.6%, to $84.50 a barrel by 0035 GMT. U.S. West Texas Intermediate crude futures fell 72 cents, or 0.9%, to $82.10 a barrel.

Last week proved to be a whirlwind for global markets, marked by a series of shocking events—from the failed assassination attempt on Donald Trump last weekend, to the historic global tech outage that occurred on Friday that brought significant attention but surprisingly little reaction from the financial markets. Still, after a volatile week for stocks,

The bad news is that it was the worst week for the Nasdaq since April. The good news is that after the sharp correction in April, the market recovered quickly. Nasdaq weekly chart Today’s price action was influenced by $2.7 trillion in options expiring including $555 billion in single stocks. It was the largest-ever July

The crypto community in India has high hopes from the Union Budget 2024-25 for several key changes that could significantly impact the industry. These proposals aim to create a more favorable environment for cryptocurrency trading and blockchain technology adoption. Here are the main points on the community’s wishlist: 1. Reduction of TDS on Transfer of

US 10 year yields The bond market is usually the first to figure things out but even it’s struggling with the political turmoil and economic uncertainty right now. Notably, long dated Treasury yields jumped in the immediate aftermath of the debate on June 28 in a signal about a Republican sweep coupled with further tax

Gold prices dipped more than 1% on Friday, as the dollar firmed and some investors locked in profits following the metal’s recent surge on increasing expectations of U.S. interest rate cuts in September. Spot gold was down 1.7% at $2,404.34 per ounce by 1233 GMT. Bullion hit an all-time high of $2,483.60 on Wednesday. U.S.

Markets: USD leads, NZD lags WTI crude oil down $2.53 to $80.29 US 10-year yields up 5.3 bps to 4.24% Gold down $46 to $2399 S&P 500 down 0.7% There was no place to hide today as stocks, bonds, commodities and precious metals all fell. The lone exception was bitcoin, which notched an impressive 5%