Market remained on a roller-coaster ride last week. With a series of banking fallouts triggering a wave of panic before somewhat settling down towards the end of the week. This week a few central banks, particularly the US Federal Reserve (Fed). Policy rate decisions out of the Bank of England
Gold prices were trading neutral since morning. Yellow metals posted its strongest weekly gain in two months as fears of a potential banking crisis drove up safe haven demand. Bullion prices also benefited from doubts over whether the Federal Reserve had enough headroom to keep raising interest rates, given the
Crude oil paused its recent fall, and was able to recover slightly. Oil found some ground after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations. But were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil
ECB Decision Update – The European Central Bank raised its key interest rates by 50 basis points yesterday, pressing on with its fight to tame inflation despite signs of stress in the financial system resulting from earlier rate hikes. However, the bank dropped from its statement any reference to further
What next in gold or gold?🪙🪙 🙏🙏 Read carefully…🙏🙏 📌 There has been a strong jump in gold and silver ever since the American bank was declared bankrupt. Everyone is afraid that the American situation may not become like 2008 in which Lehman Brother was declared bankrupt. 📌But this time
It was a worst day for the market yesterday as unease over Credit Suisse spooked the world financial and commodity market. Crude oil prices plunged 8.62% to their lowest in more than a year. U.S. crude West Texas Intermediate benchmark fell around 5% for a second day in row, to
Copper prices retreated slightly on Tuesday. Prices drop from the day’s high on worries about the impact of a U.S. banking crisis. Meanwhile, a volatile dollar and a slow recovery of demand in top metals consumer China also weighed on sentiment. MCX copper futures settled at 758.40, down by 0.43%.
Gold prices witnessed a speculative jump yesterday. It tested six week high and settled with an intraday gain of 2.66%. That was the biggest single day gain after 1 July 2022. Now prices are struggling in between small ranges ahead of US CPI data. Prices of the yellow metal rallied
Dollar index witnessed a speculative plunge yesterday, it dropped more than 1%, the biggest fall since 1 February 2023. Currency dropped below 20 February 2023 low. As after U.S. authorities stepped in to limit the fallout from the sudden collapse of Silicon Valley Bank. That created a hope that Federal
Dollar index dipped significantly yesterday as markets bet the Federal Reserve will be less aggressive in raising interest rates to curb inflation after U.S. authorities stepped in to limit the fallout from the sudden collapse of Silicon Valley Bank. President Joe Biden said the administration’s swift actions on Sunday to
