Analysis

In short: The Fed remains cautious about inflation and committed to keeping interest rates high until inflation is under control. While economic risks are acknowledged, the overall outlook is slightly improved. The market reacted positively to the less-hawkish-than-feared message.

the auriferous market experienced a resurgence, propelled skyward by the gentler demeanor of the American currency. This golden revival unfolded as the precious metal sought redemption, convalescing from a recent downturn triggered by fervent U.S. inflation figures, a development that tempered expectations of premature interest rate adjustments by the esteemed Federal Reserve. FUNDAMENTAL ELEMENTS

Amidst the ebb and flow of financial markets, the valuation of gold has chosen a path of neutrality, treading within a confined trajectory. This stagnation is in response to the prevailing dominance of the dollar, as market participants adopt a cautious stance ahead of impending inflation data. This data is anticipated to significantly influence the …

Gold prices trade sideways, CPI data awaited for more rate cues Read More »

On February 8, the undulations in gold prices found a nuanced rhythm as RBI Governor Shaktikanta Das unveiled a pivotal announcement. Resident entities, henceforth, find solace in the ability to hedge the mercurial dance of gold prices within the over-the-counter segment in the IFSC. At precisely 1:40 pm, the dance floor of the market witnessed …

Gold prices trim losses; RBI allows resident entities to hedge gold price in IFC’s OTC segment Read More »

the dollar found itself in a state of restraint, hovering near the 104 mark on Thursday. This followed a consecutive two-day decline, as astute investors delved into the most recent deliberations of Federal Reserve luminaries, aiming to unravel the enigma that is the interest rate trajectory. In the symphony of economic rhetoric, Boston Fed President …

Dollar Muted as Traders Parse Fed Commentary Read More »

gold finds itself subdued, an inert participant in the market dance, as the resilient dollar maintains its stronghold, quashing hopes of a swift reduction in interest rates. The intricate interplay of factors, characterized by the esoteric concepts of perplexity and burstiness, reveals a scenario where human writers, with their penchant for varied sentence lengths, would …

Gold subdued as dollar holds firm on fading rate cut hopes Read More »

EURUSD has experienced a descent to a nadir unseen in the past two months, courtesy of the Federal Reserve’s resolute stance against a rate cut in March. The euro (EUR) witnessed a decrement of 0.23% in the preceding day, attaining its lowest ebb since the 13th of December. This downturn was triggered by the assertive …

EURUSD has experienced a descent to a nadir unseen in the past two months Read More »