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Continuing to make lower highs on charts, MCX gold August futures on Monday opened at Rs 71,683 per 10 grams, falling by merely Rs 151 in June so far while silver MCX July futures contracts fell by Rs 6,390 in the same time period as the prices opened at Rs 81,180/kg. Gold and silver prices

UPCOMING EVENTS: Monday: BoJ Summary of Opinions, German IFO. Tuesday: Canada CPI, US Consumer Confidence. Wednesday: Australia Monthly CPI. Thursday: Japan Retail Sales, US Durable Goods Orders, US Final Q1 GDP, US Jobless Claims. Friday: Tokyo CPI, UK Final Q1 GDP, Canada GDP, US PCE, University of Michigan Consumer Sentiment (final). Tuesday The Canadian CPI

Brent crude futures edged up in early trade on Thursday as Israeli tanks advanced into Gaza, while U.S. crude futures dipped on the prospect of swelling oil inventories. Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was down 27 cents,

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

Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude was down 9 cents to

Yen ended as the runaway loser last week as its decline reaccelerated towards the end. With the crucial 160 level against Dollar now within reach, market participants are keenly watching to see if Japan will intervene soon to prop up the Yen, or just let it depreciate further. Swiss Franc was the second weakest currency

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

After a brief pause, silver prices remained in the limelight followed by feeble US economic numbers, which fuelled hopes that the US Federal Reserve would cut interest rates this year. In the key domestic futures market, prices were placed well above Rs 90,000 a kg level while it crossed the key $30-level mark in the

As markets await rate decisions from SNB and then BoE today, both Swiss Franc and Sterling are trading largely within established ranges. SNB’s decision is particularly uncertain, with a close call on whether they will implement a second consecutive rate cut. If SNB opts to hold rates steady, Swiss Franc could see notable gains, especially

The week is coming to a close with the USD being the strongest of the major currencies. The JPY is the weakest.The gains in the greenback today were helped by stronger-than-expected flash PMI data that saw services index rise to 55.1 vs 53.7 expected, and the manufacturing rise to 51.7 above estimate of 51.0. For

Crude prices eased about 1% on Friday on worries that global oil demand growth could be reduced by a strong U.S. dollar and negative economic news from some parts of the world. Prices declined despite signs of improving U.S. oil demand and falling fuel inventories that boosted crude prices to a seven-week high a day

Euro fell notably today, along with decline in Eurozone government bond yields, following weaker-than-expected PMI data. Political instability in France is negatively impacting business activity, while Germany’s economic recovery has lost momentum. At the same time, surge in Germany’s services inflation pressures suggests that ECB is unlikely to implement back-to-back rate cuts in July. The

The US is determined to dominate semiconductors and not allow China to catch up. New proposed rules restrict US investment in key sectors Rules ban certain investments in design, automation, fabrication and advanced packaging tools Quantum computers and AI also targeted Proposes notification requirements for all other investments in Chinese AI system development The US

Gold prices for MCX August futures contracts opened at Rs 72,693 per 10 grams, gaining Rs 720 or 1% this week while MCX July future contracts for silver rose by Rs 2,300 or 2.6% in the same period, opening at Rs 91,420/kg. Gold saw its biggest daily gain in five weeks, rising 1.4% on Thursday,

Yen is under intense scrutiny today as it continues a six-day losing streak, approaching the key psychological level of 160 against Dollar. This move comes despite Japan’s core inflation reaccelerating in May, but failed to meet market expected pace. Additionally, core-core CPI, which excludes both food and energy, and services inflation both continued to decline.

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 were flat on Friday but were on track for their second straight weekly gain as weak economic data from the U.S. boosted expectations that the Federal Reserve would cut interest rates this year. FUNDAMENTALS * Spot gold was little changed at $2,358.31 per ounce, as of 0139 GMT. U.S. gold futures edged 0.2%

Swiss Franc is currently the worst performer today, plummeting after SNB delivered a rate cut for the second consecutive meeting. In addition to the rate reduction, SNB lowered its inflation forecast across the board. Nevertheless, Franc’s selloff has been relatively restrained. Notably, SNB did not mention the recent sharp appreciation of the Franc in its