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Gold prices climbed to a two-week high on Tuesday, supported by a softer dollar and lower Treasury yields while focus turned to the Federal Reserve‘s policy meeting for insight into how soon it will cut interest rates this year. Spot gold was up 0.8% at $2,047.96 per ounce by 09:25 a.m.(1425 GMT), after hitting its

Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany’s benchmark treasury yields. Meanwhile selling pressure has shifted Sterling and Swiss Franc, both of which are ceding some of their recent gains against

The central bank bonanza continues into the new week with the RBA raising its cash rate by a measly 25 bps today. The decision was much expected but there was certainly a case for the central bank to be more aggressive and considering now that they didn’t, it seems like we are starting to head

Gold prices were flat on Tuesday, after touching their lowest levels in more than one week, as the dollar held firm ahead of the U.S. Federal Reserve’s policy meeting, where the central bank is likely to deliver another oversized interest rate hike. FUNDAMENTALS * Spot gold was listless at $1,633.69 per ounce, as of 0059

Yen trades generally lower in quite Asian session today, but markets are relatively steady elsewhere. Stock markets are mixed with Nikkei closing higher, following the rebound in the US last Friday. But China is weighed down by poor PMI data. Generally speaking, traders are cautious ahead of many key events ahead in the week, including

Prior was -17.2 Employment 17.1 vs 15.0 last month Hours worked -0.1 from 8.0 last month New orders -8.8 from -6.4 last month Production 6.0 vs 9.3 last month Raw material price paid 32.0 vs 37.1 last month Prices received 22.2 vs 18.1 last month month Shipments -1.6 vs 7.1 last month Growth rate of

Gold price in the national capital fell Rs 146 to Rs 50,612 per 10 grams on Monday amid a drop in precious metal prices in the overseas market along with appreciation in rupee, according to Securities. In the previous trade, the yellow metal had touched Rs 50,758 per 10 grams. Silver also declined by Rs

Dollar rebounds broadly today as US futures turn south, pointing to a lower open. Yen is back under some selling pressure. But Euro is also weak despite stronger than expected consumer inflation data, while Sterling and Swiss Franc are also soft. Commodity currencies are mixed with Canadian Dollar on the weaker side. But overall, traders

The Wall Street Journal had a piece over the weekend from Nick Timiraos, who has gained a reputation as a Federal Reserve ‘insider’. Timiraos wrote suggesting higher rates from the Federal Open Market Committee (FOMC), rates that’ll be held high for longer. Separately Goldman Sachs published a note raising their forecast for Fed rate hikes,

Gold prices were flat on Monday, after declining about 1.3% in the previous session, as investors cautiously awaited the U.S. Federal Reserve’s policy meeting for cues on its rate-hike path. FUNDAMENTALS * Spot gold was little changed at $1,642.59 per ounce by 0046 GMT, while U.S. gold futures were up 0.1% at $1,645.90. * The

The S&P 500 is up 2.1% and the Nasdaq up 2.5%, both session highs. This looks an awfully lot like a stocks-only short squeeze. I could get behind the move if Treasury yields or the US dollar were falling but it’s the opposite. US 10-year yields are up 6.7 bps today to 4.01% and the

Maize prices in the benchmark market of Chhindwara lost by over 11 per cent month-to-date and around 9 per cent week on week (WoW), thanks to the good weather, which boosted the harvest pace and the new crop arrivals picked up. As the market resumed post-Diwali holidays on October 27, the maize prices in Chhindwara

The week is winding down in the US stocks in what was the “Big Week” for earnings. Safe to say, the week was not as bad as the market expected. Looking at the major indices, the indices are currently showing: Dow up 5.52% S&P up 3.67% Nasdaq up 1.87%. So how did the list of

New Delhi: Gold prices were trading flat on Friday, headed for a straight second weekly gain as the US economic data fanned expectations that the Fed might ease the pace of raising interest rates. The US economy rebounded strongly in the third quarter amid a shrinking trade deficit, but the data overstated the nation’s economic

The major US indices are closing near the high for the day and ending a solid week with the Dow industrial average leading the way. The Dow is on track for the best October, and on pace for the best month since January 1976 (with one more day to go). The NASDAQ was the outperforming

OPEC issues World Oil Outlook on Monday in Abu Dhabi Report to keep similar long-term demand outlook – sources Ex-OPEC minister says demand could plateau earlier than forecast OPEC’s view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report,

Dollar ended as the worst performer, followed by Yen and Swiss Franc. The US stock markets traded with risk-on sentiment, on talks that Fed would start slowing down tightening pace after one more 75bps hike. But it should be noted that such sentiment was not seen everywhere in the world, in particular China. Thus, rally