News

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 settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the session. 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

Gold prices extended gains on Friday to their highest level in over a month following key U.S. jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September. Spot gold was up 1.3% at $2,385.63 per ounce as of 2:10 p.m. (1810 GMT). Bullion is up

Crude oil futures are settling the day $83.16. That’s down $0.72 or -0.86% on the day. The high price today reached a $84.49. The low price extended to $83.12. Although lower today, the price is up 2.15% for the trading week. At session highs for the week the presence of $3.05. Session was the price

Gold prices extended gains on Friday to their highest level in a month following key U.S. jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September. Spot gold was up 1.1% at $2,380.91 per ounce as of 11:08 a.m. (1508 GMT). Bullion is up more

Dollar weakened broadly after the release of the US Non-Farm Payroll report, though the initial selloff was far from decisive. June’s employment data showcased a robust labor market with near-average job and solid earnings growth , coupled with just a slight uptick in unemployment rate. However, significant downward revisions to April and May’s job growth

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 week witnessed gains of Rs 900 in gold prices while silver witnessed gains of Rs 2,300 in the same period. MCX gold August futures on Friday opened at Rs 72,455 per 10 grams and silver September futures contracts at Rs 92,171/kg. Gold and silver showed mild profit-taking in a thin-volume session. However, weakness in

Dollar’s broad-based decline continues in Asian session today as market attention shifts to the highly anticipated US Non-Farm Payroll data. Traders are eager to see a weak report on job and wage growth to reinforce the expectation that the Fed will initiate a rate cut in September. If these expectations are met, we could see

AI image What’s expected: Consensus estimate +190K (Goldman Sachs at the low at +140K, FAO Economics at the high at +250K) May +272K vs +185K expected Private +160K estimate vs +229K prior Unemployment rate consensus estimate: 4.0% vs 4.0% prior Participation rate: 62.5% prior Prior underemployment U6 7.4% Avg hourly earnings y/y exp +3.9% y/y

LONDON -Oil prices for Brent crude held above $87 a barrel on Thursday, near their highest level since late April after data the previous day showed a decline in U.S. inventories. Brent crude futures were down 29 cents, or 0.3%, at $87.05 a barrel by 1323 GMT. U.S. West Texas Intermediate (WTI) crude futures fell

Dollar remains subdued today, but selling momentum has turned weak. With US markets closed for the holiday, trading activity is expected to be light. Meanwhile, traders are also gearing up for tomorrow’s key US non-farm payroll data, which will be crucial. Further cooling in the job market and wage growth is needed to give Fed

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

Post the dovish comments of the Fed, gold prices rose a little over Rs 900 and opened at Rs 72,460 per 10 grams on Thursday, while silver gained over Rs 2,000 since the Fed’s commentary, opening at Rs 91,904/kg. Gold and silver posted solid gains after the Fed commentary and profit-taking in the dollar index.

Dollar faced significant selloff overnight as market participants ramped up bets on a September rate cut by Fed. This shift in sentiment propelled S&P 500 and NASDAQ to record highs too. However, the greenback managed to stabilize in Asian session as the forex markets quieted down in observance of US July 4 holiday. As noted

There are strong signs of travel demand in the US this 4th long weekend, with air bookings setting records. Combine that with a big draw in US inventories in today’s report and a hurricane in the Atlantic and gold finished the week strong. There was something of a ‘sell the fact’ trade immediately after the

Gold prices strengthened on Wednesday as the dollar eased after dovish comments from Federal Reserve Chair Jerome Powell, with investors now turning to minutes from the U.S. central bank‘s latest policy meeting to gauge future interest rate cuts. Spot gold rose 0.7% to $2,345.00 per ounce by 1156 GMT. U.S. gold futures gained 0.9% to