News

Ahead of the US inflation data, gold June futures on the MCX traded on a flat note, up 0.09% or Rs 68 at Rs 72,365/10 grams on Wednesday while MCX Silver July contracts rose 0.18% or Rs 152 to Rs 85,569/kg. The US inflation data (the core consumer price index) is expected to indicate a

Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. However, for the Fed to consider monetary easing, it is crucial that inflation shows signs of following suit with clear

The May and June US copper contracts both touched $5 per pound today, a record high for the the metal. The story is well-known and something I’ve been writing about for years: There has been minimal investment in new supply and the green transition is incredibly copper-intensive. The latest leg is also benefiting from current

Gold prices were flat on Tuesday, as investors awaited key U.S. inflation data that could provide more clues on the Federal Reserve‘s policy path. FUNDAMENTALS * Spot gold was steady at $2,335.93 per ounce, as of 0052 GMT. Bullion prices fell 1% on Monday.* U.S. gold futures fell 0.1% to $2,341.60. * Markets’ focus this

Dollar spiked higher after US PPI reported stronger-than-expected monthly rise. However, this upward movement was quickly reversed within minutes, indicating that bearish sentiment continues to dominate the greenback. The key question now is whether Dollar will see downside breakouts before tomorrow’s crucial CPI release. Sterling’s movements have also been indecisive. The Pound initially recovered following

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 on MCX for June futures contracts have increased by Rs 1,347 in the last 10 days amid sustained buying of the safe haven asset. In today’s session, gold prices opened at Rs 72,010/10 grams, up by 0.22% or Rs 155 while MCX July silver contracts gained Rs 289 or 0.34% to Rs 85,175

Yen’s decline persisted in Asian session, continuing to reverse its strong gains from earlier in the month. Traders seem confident that Japan will not intervene as long as Yen remains above 160 level against Dollar, with no apparent determination to push it through 150. This range appears to be set for the near term. Japan’s

I don’t know who is going to win the US election but there’s a great chance we end up with some kind of split of power in the three branches of US government. Even if we don’t, the margins will be narrow enough (and parties fractured enough) to keep too much from really changing. So

Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer. Brent crude futures were up 55 cents at $83.34 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures rose 62 cents to $78.88.

Fresh selling is seen in Yen and Dollar in early US session, as the markets are going through a quiet day. There is no immediate fundamental catalyst identified for these movements. Traders might be repositioning ahead of significant US economic data releases scheduled for later in the week. Producer Price Index on Tuesday will offer

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

On Monday, gold prices on MCX for June futures contracts opened 0.47% or Rs 342 lower to trade at Rs 72,35 per 10 grams while MCX July silver contracts were up by Rs 273 or 0.32% to Rs 84,637 per kg. Last week witnessed notable price fluctuations in both gold and silver, spurred by disappointing

New Zealand Dollar dips mildly as the new week began on a quiet note. This comes in wake of New Zealand weaker services data and the decline in short-term inflation expectations, which may provide some relief to RBNZ about the persistence of high inflation. However, the key question remains on the pace at which inflation

UPCOMING EVENTS: Monday: New Zealand Services PMI. Tuesday: Japan PPI, UK Labour Market Report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI, Fed Chair Powell speech. Wednesday: Australia Wage Price Index, Eurozone Industrial Production, US CPI, US Retail Sales, US NAHB Housing Market Index, PBoC MLF. Thursday: Japan GDP, Australia Labour Market Report,

Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year. FUNDAMENTALS * Spot gold was up 0.1% at $2,347.98 per ounce, as of 0046 GMT. Bullion prices have risen 2%

I saw this chart today (here) and didn’t believe it so I double checked the Census Bureau and it’s true. The current projection is for the US population to now peak at just-under 370 million in 2080 but with it reaching 359m in 2040, it’s a really long plateau. Given the plunge in fertility rates

After consistently trading below Rs 72,000 for the past few sessions, gold prices on MCX for June futures contracts rose by Rs 442 or 0.62% to trade at Rs 72,081 per 10 grams on the auspicious occasion of Akshaya Tritiya on Friday. Meanwhile, MCX July silver contracts were up by Rs 418 or 0.49% to