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Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices. The yellow metal tested a high of $2,882 an ounce, gaining over 9 percent so

China January CPI 0.5% y/y, highest level in five months expected 0.4%, prior 0.1% core was 0.6% y/y, from 0.4% in December the m/m was 0.7% (expected 0.8%, prior 0.0%) PPI -2.3% y/y, deflation continued expected -2.1%, prior -2.3% *** China’s consumer inflation accelerated in January, reaching its highest level in five months, while producer

Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move

Two weeks ago, I made the case for Chinese equities in the fallout from DeepSeek. Since then, we’ve seen Goldman Sachs write that breakthroughs in AI development and application “could materially alter” the Chinese stock market trajectory. This week, Deutsche Bank also came out with a extremely bullish note, highlighting the upside of Chinese stocks

Oil prices retreated on Tuesday after U.S. President Donald Trump agreed to hold off imposing steep tariffs on Mexico and Canada, the two biggest foreign oil suppliers to the United States, for a month. Brent futures fell 41 cents, or 0.5%, to $75.55 a barrel at 0149 GMT, while U.S. West Texas Intermediate (WTI) crude

It was Jobs Friday in North America with both the US and Canada releasing there January employment reports. For the US, the January non farm jobs for the month came in weaker than expected, with non-farm payrolls increasing by 143K compared to the 170K expected. However, there were positive revisions to the previous two months,

volatility after Donald Trump’s election in November. The RBI’s latest stock of gold amounted to 876.18 tonnes as of end December 2024 valued at $66.2 billion, up from 803.58 tonnes valued at $48.3 billion in the same period a year ago, implying a purchase of 72.6 tonnes in the calendar year. Incremental additions totaled 18

Dollar edged higher in early US session following the non-farm payrolls (NFP) report, but the overall momentum remains lackluster. Stock futures are flat, while 10-year Treasury yield is staging a slight recovery, suggesting a measured market response as traders hold back from aggressive positioning ahead of next week’s key economic events including US CPI and

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 futures hit an all-time high of Rs 85,279 on the MCX on Friday tracking global yellow metal prices. Around 9:15 pm today, the April Gold contracts were trading at Rs 85,094 per 10 gram, gaining by Rs 650 or 0.77%. Its gains this year have been to the tune of Rs 8,500 or 11%.

The forex market was relatively subdued during Asian session, with one clear exception: Japanese Yen continues to outperform. Fresh data from Japan showed a 2.7% yoy increase in household spending, not only marking the first rise in five months, but also the fastest pace since August 2022. Paired with this week’s solid wage growth figures,

Data due on Sunday at 0130 GMT, which is 2030 US Eastern time on Saturday is expected to show Chinese inflation (CPI) barely stumbling along above deflationary territory: Deflation—when prices decline over time—can be harmful to an economy for several reasons: Delayed Spending and Investment – Consumers and businesses may postpone purchases and investments, expecting

Gold prices steadied on Friday near record-high levels, and were headed to log their sixth successive weekly gain, as trade war jitters lifted safe-haven demand, while investors awaited the non-farm payrolls data for cues on the U.S. economic health. FUNDAMENTALS * Spot gold was up 0.1% at $2,859.59 per ounce, as of 0038 GMT, and

The British Pound weakened significantly after BoE delivered a 25bps rate cut. The policy decision was more dovish than anticipated, primarily due to the unexpected shift in the MPC voting split. Catherine Mann, previously one of the most hawkish members of the committee, reversed course and joined Swati Dhingra in voting for a more aggressive

GBP/USD 10 mins The FX market is having a re-think on the Bank of England rate cut reaction. After falling in the lead-up to the announcement and the immediate aftermath, it found a bottom near 1.2360 and has climbed 80 pips. Some of that is broader US dollar weakness as trade tensions diminish but it’s

Gold prices inched higher on Thursday to hover near an all-time high hit in the last session, as Sino-U.S. tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world’s largest economy. FUNDAMENTALS * Spot gold was up 0.1% at $2,867.79 per ounce, as of 0032

Yen continues to dominate the forex market this week, additionally supported by further decline in US and European benchmark yields overnight. The persistent strength in Yen is being reinforced by hawkish rhetoric from a known hawkish BoJ board member, who reiterated calls for a gradual rate hike toward the 1% neutral level. While this stance

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