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Gold prices slipped on Friday, but were on track for a fourth straight weekly gain as expectations that the Federal Reserve was likely to cut U.S. interest rates in September lifted appeal for non-yielding bullion. FUNDAMENTALS * Spot gold was down 0.4% at $2,434.38 per ounce, as of 0047 GMT, after scaling an all-time high

Risk aversion continues to support Dollar in relatively quiet trading today. Both Sterling and Canadian Dollar weakened mildly after worse-than-expected retail sales data. Euro shrugged off dovish comments from some ECB officials. Meanwhile, Yen softened slightly following lower-than-expected CPI core reading. However, overall movements in the currency markets remain limited as traders hold their bets,

At some point on Wednesday, it looked like the dollar was bound to break down further. But a strong reversal yesterday is setting up for a continued move today, with the greenback keeping steadier across the board thus far. Of note, GBP/USD is facing a strong rejection after a brief push above the 1.3000 mark

Gold August futures opened lower by 0.72%, or Rs 534, at Rs 73,621 per 10 grams on Friday, while silver September futures contracts opened down by nearly 1%, or Rs 90,953 per kilogram. The yellow metal has traded flat, gaining only Rs 340 per 10 grams in the last week, while silver has dipped by

Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after recent record runs, as traders and Fed policymakers await more data to determine the number of rate cuts needed this

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 were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures were up 1 cent to $85.09 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West

Trading in the forex markets has been relatively subdued today. ECB’s decision to hold interest rates steady was widely expected, and President Christine Lagarde’s press conference did not introduce any significant new information. ECB’s accompanying statement highlighted that domestic price pressures remain high, services inflation is elevated, and headline inflation is likely to stay above

To adopt resolution on further deepening reform comprehensively Must consciously place reform in a more prominent position Reform tasks set out in this decision to be completed by 2029 Will implement measures to prevent, defuse risks in key areas such as real estate, local government debt, and small and medium-sized financial institutions Will raise the

Gold August futures along with silver September futures contracts opened flat on Thursday as the former opened up by 0.4% or Rs 298 at Rs 74,435 per 10 gram while the latter opened up by 0.48% or Rs 438 at Rs 92,380 per kilogram. The yellow metal has gained Rs 1,200/10 gm in the current

While Euro maintains its strength against Dollar, its performance is more mixed against other major currencies. The market’s attention is now focused on the upcoming ECB rate decision and press conference. It is broadly anticipated that ECB will maintain deposit rate at 3.75% and main refinancing rate at 4.25% correspondingly. President Christine Lagarde is expected

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 rise on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker dollar overshadowed signs of weakening demand in China. Brent crude oil futures were up 55 cents, or 0.7%, at $84.28 a barrel by 1242 GMT. U.S. West Texas Intermediate crude futures

Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top officials have been tight-lipped, refusing to confirm any direct actions. Outgoing top currency diplomat

He makes mention that “if speculators cause excessive moves in FX market, we have no choice but to respond appropriately”. They stepped into the market on Thursday and Friday last week, and that seems to have finally broken the resolve of dip buyers. USD/JPY is markedly lower again today, down by 1% to 156.75 currently.

expectations of different sectors. In an exclusive episode of ET Commodity Talk, we spoke to Naveen Mathur, Director – Commodities & Currencies at Anand Rathi Shares and Stock Brokers, to know what is happening in the commodity market right now and the expectations of the market from this budget. Excerpts: Q. Gold and Silver settled

Forex markets have been relatively subdued today. Sterling remains steady after June’s UK CPI data revealed that both headline and core inflation were unchanged from the previous month. Significantly, services inflation also failed to cool, which could keep BoE cautious about making a premature rate cut on August 1. Some key members of the MPC

US retail sales were better than expectations with revisions to the prior month. Ex Autos the MoM gain was 0.4% vs 0.0% estimate. The ex auto and gas was even better at 0.8% (with prior month revision to 0.3% from 0.1% estimate. Other data in the US today showed NAHB housing index was steady but