Gold prices were little changed on Tuesday, with investors awaiting U.S. economic data due this week that could impact the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was steady at $1,932.16 per ounce, as of 0020 GMT. * U.S. gold futures were up 0.2% at $1,932.50. * Investors’ focus is on the U.S. fourth
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USD/INR remains firmer for the second consecutive day, grinds near intraday top. Successful break of three-week-old descending trend line, upbeat oscillators suggest upside break of 100-DMA. Previous support line from early August 2022 acts as the last defense of USD/INR bears. USD/INR holds onto the week-start breakout of the previously key resistance line as bulls
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Gold price fell Rs 40 to Rs 56,840 per 10 grams in the national capital on Monday amid a fall in rates of precious metal globally, according to Securities. In the previous trade, the yellow metal had touched Rs 56,880 per 10 grams. Silver also declined Rs 85 to Rs 68,980 per kilogram. “Spot gold
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Dollar rebounds broadly in early US session, following benchmark treasury yields higher. But at the time of writing, Aussie is the strongest as supported by positive risk sentiment. Euro follows as it pares back some gains despite more hawkish ECB comments and an upbeat Bundesbank monthly report. Yen is currently the worst performer for the
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10-year JGB yields are dribbling lower again today, easing to 0.38% as the BOJ looks to have successfully thwarted the attempt by bond bears to break their resolve – at least for now. Kuroda resigned to defeat with regards to any policy changes during his tenure and that means we shouldn’t expect any major changes
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A former Securities and Exchange Commission (SEC) official has slammed “cryptocurrency lobbyists” for labeling SEC enforcement actions as “regulation by enforcement” — calling the term a “Bogus Big Crypto Catch Phrase.” John Reed Stark, a former chief of the SEC’s Office of Internet Enforcement and a crypto skeptic, opined in a Jan. 22 post that
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Euro opens the week higher as support by hawkish comments from ECB officials over the weekend. Overall, it’s more likely for ECB to deliver at two more 50bps hike before slowing down, despite some market speculations. Dollar and Yen turned softer again. Trading is subdued, nevertheless, with many Asian markets closed on Lunar New Year
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