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Oil prices dropped by more than $1 on Tuesday, extending losses on the potential for lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand. Brent crude futures fell by $1.54, or 1.8%, to $82.17 a barrel by 1210 GMT. U.S. West Texas Intermediate crude (WTI) futures for June, which

Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress in disinflation than anticipated. While it remains uncertain if this progress will

This is a market that is waiting to get its fix. And that fix lies in big data. In between those events, it’s a really dull one and today is no different. Once again, major currencies are lacking any real appetite with dollar pairs keeping within 0.1% change to one another. The ranges outlined below

Amid the strong US dollar and possibility of higher for longer rates in the US, MCX for June futures contracts fell Rs 629 or 0.85% to trade at Rs 73,738 per 10 grams while MCX July silver contracts were down Rs 1,806 or 1.9% to Rs 93,461 per kg. Gold is up 18% this year,

Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this positive sentiment was countered by weak consumer sentiment readings. Additionally, Aussie seemed to be weighed down by a pullback in

ICYMI, Morgan Stanley’s Global Strategy Mid-Year Outlook note was published over the weekend. The change in view from the bank’s chief U.S. equity strategist Mike Wilson has catalysed headlines such as: thrown in the towel finally capitulated Wilson’s new forecast is not too far out of line from consensus now. Market Watch earlier collated revised

Oil prices steadied on Monday amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash and Saudi Arabia’s crown prince deferred a trip to Japan on account of his father, the king’s, health. Brent was down 24 cents at $83.74 a barrel by 0958 GMT. The U.S. West Texas Intermediate

Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by recovery in benchmark treasury yields, and partly capped by low trading activity. In the currency markets, positions have shifted somewhat

Gold is up 1% on the day to trade at fresh record highs, keeping around $2,440 currently. The break above $2,400 at the end of last week is being built upon as we get into the new week. Buyers are keeping steadfast and we’re seeing the conviction carry over since March trading. Gold (XAU/USD) daily

In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along

Asian markets kicked off the week on a positive note, buoyed by the record-breaking rally in US markets last week. Despite escalating geopolitical tensions in the Middle East, which have spurred strong rallies in metals, stock investors appear relatively calm. Trading activity today may be muted due to bank holidays in several European countries and

The helicopter was carrying Iranian president Ebrahim Raisi and Iranian Minister of Foreign Affairs Hossein Amir-Abdollahian It is said to have “hard landing” near ​​Varzeghan in the East Azerbaijan region of Iran. Rescue teams are searching for the aircraft. Latest reports say the chopper has been found. Iranian officials say weather conditions in the crash

Spot gold rallied sharply on Friday as traders looked past hotter than expected US inflation data to focus on possible rate cuts as the US economy, going by recent key macroeconomic data, is weakening. Spot gold closed with a gain of 1.55% at $2414 Friday. The yellow metal was up around 2.30% on the week.

silver daily The silver bulls are a special kind but this weekend they will be celebrating. Silver has broken out today, in a technical waterfall. It started with the break of $30/oz and the February high, which is just above. That’s led to a rush of buying and short covering in a 6% rip to

A broad advance in industrial metals took domestic copper prices to record levels last week. A firm overseas market due to fresh Chinese stimulus measures, concerns over tightness in global mine supply, and hopes of strong green demand boosted prices. In the key domestic MCX futures, prices of copper are hovering near Rs 900 a

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Tracking subdued global market cues gold prices on MCX for June futures contracts fell by Rs 96 or 0.13% to trade at Rs 72,884 per 10 grams on Friday. Meanwhile, MCX July silver contracts fell by Rs 145 or 0.17% to Rs 87,155 per kg. Traders reconsidered interest rates following Federal Reserve comments about the

Risk-on sentiment dominated global financial markets last week, with investors buoyed by US inflation report that alleviated fears of another interest rate hike by Fed. The DOW defied gravity and surged to a new record high above the 40k mark, while S&P 500 and NASDAQ also set new records. Commodities mirrored this strong performance, with