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The Bank of Canada decision next Wednesday kicks off a blockbuster 10-day stretch of central bank decisions that will set the table for the remainder of the year. Ahead of that, the Canadian dollar is trying to recover and the US dollar is broadly retreating. That comes after the Fed’s Daly reiterated that 4.50-5.00% is

Buying gold is both prestigious and auspicious for Indians. Gold sales grow throughout festivals and wedding seasons. The best time to buy gold, however, is during Makar Sankranti, Akshaya Tritiya, Dussehra, Dhanteras, and Diwali. Dhanteras falls on the 13th day of the Hindu lunar calendar, marking the first day of the five-day Diwali festival. According

It’s a week of drama. In the UK, Liz Truss became the shortest-serving Prime Minister as political chaos continued, and the race for the next PM started immediately. In the US, stocks surged on Friday on talks that Fed could start slowing its rate hikes in December. Meanwhile, in Japan, the government waited patiently until

Markets: Gold up $27 to $1654 US 10-year yields down 1 bps to 4.22% WTI crude oil up 48-cents to $84.99 S&P 500 up 88 points to 3754 JPY and AUD lead, USD lags This week had it all and a good portion of it unwound today. We looked like we were going to get

Gold ETFs may gain traction during the Diwali and Dhanteras period and investors can consider 5% -10% of their fund allocation in this product, experts said. Lakshmi Iyer, Chief Investment Officer (Debt) & Head Products, Asset Management Company, said, “Festivities have kicked in yet again and it is that time of the year where gold

Yen remains the biggest loser for the week even though Japan has stepped up with the rhetorics against “speculations”. Dollar is standing above 150 level against Yen for now, without clear sign of actual intervention. The pair is supported by 10-year yield which broke above 5.2 handle. Nevertheless, thanks to stabilization in overall market sentiment,

The US dollar has reversed course. I’m sure the initial move was on the release of an article from WSJ Fedwatcher Nick Timiraos that highlighted a 50 bps hike in December but this move is too big for that alone. I mean, it’s certainly a crowded trade but EUR/USD is now up 80 pips from

Gold price in the national capital fell Rs 372 to Rs 50,139 per 10 grams on Friday amid a decline in the yellow metal prices in the international market, according to Securities. In the previous trade, the precious metal had settled at Rs 50,511 per 10 grams. Silver also declined Rs 799 to Rs 56,089

Dollar surges broadly today as risk sentiment turns sour again while treasury yields continue to march higher. Yen is apparently weak, with Japan absent from intervention despite the steep decline. But Sterling and Swiss Franc are worse, Commodity currencies are also turning south, with Kiwi on the weaker side. Stronger than expected retail sales data

The late-US low in cable has given way and so it’s a new post-post-Truss low with the pair shaving off 33 pips already. There’s a chance only one UK Conservative gets the support of 100 MPs on Monday and is acclaimed as PM, so that’s the date to watch. If it’s an acclimation, that would

Indian households have long treated precious metals, such as gold and silver, as a store of wealth. In fact, many Indians consider it auspicious to buy these precious metals around Dhanteras and Diwali. However, apart from being shiny and attractive, many people are not aware of the industrial applications of these precious metals, especially silver.

Risk-off sentiment and rising treasury yields are giving Dollar some support again. The greenback’s strengthen is more apparent against commodity currencies, which is reasonable. European majors are mixed for now, with Euro a touch more resilient. Meanwhile, Yen is indeed trying to recover against everyone but Dollar. There is no clear sign of intervention for

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

New Delhi: Gold price in the national capital fell Rs 66 to Rs 50,516 per 10 grams on Thursday due to weak global trends, according to Securities. In the previous trade, the precious metal had settled at Rs 50,582 per 10 grams. Silver, however, climbed Rs 101 to Rs 56,451 per kilogram from Rs 56,350

Dollar softens slightly today after failing to have a decisive rally against Yen. Nevertheless, the battle for 150 is still on. Sterling is lifted slightly by news of UK Prime Minister Liz Truss’s resignation, but there is no follow through buying. Commodity currencies are trading mildly higher as risk sentiment stabilized. Overall, there is no

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

New Delhi: Gold prices were trading flat on Wednesday as investors assessed mixed signals including a slightly weaker dollar, rising treasury yields and hawkish commentary from the Federal Reserve. Bullion has had a tepid week so far, scraping modest gains as the greenback’s strength fades slightly. The US currency remains a headwind as the Federal

Dollar rises broadly today, with help from bonds as 10-year yield tops 4.1% in pre-market. Canadian Dollar is also slightly firmer after CPI report. Other parts of the markets are mixed. Yen is dropping towards 150 with Dollar, but recovers elsewhere. Swiss Franc is weakening against both Euro and Sterling but loss is limited. Aussie