Gold declined on a strong dollar and expectations for a gentle landing for the robust American economy

The dollar strengthened and expectations of a gentle landing for the sturdy U.S. economy dampened demand for gold as a safe haven yesterday, causing it to close down -0.07% at 59432. Initial claims increased only somewhat, as anticipated, but job losses were at their lowest level in almost a year and both labour prices and…

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All eyes are on the minutes of the FOMC meeting as USDINR resistance is set at 83.10 and support is at 82.30.

Following a recovery in the dollar and weaker Chinese currencies, the Indian rupee concluded the prior week on a negative note. The local unit dropped for the second consecutive week to close at 82.77, the lowest level since February 2023. The rupee fell after reaching 82.50, despite significant inflows of foreign capital. Foreign institutions have…

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Commodity prices will continue to fluctuate wildly as fear drives market sentiment

Ravindra V Rao, VP-Head Commodity Research at Kotak Securities, said Investors were paralyzed by fear this week as the banking crisis moved from the U.S. to Europe, raising concerns about contagion in the international financial markets. The U.S. regulators announced plans to reduce systemic risk at the beginning of the week in a joint statement…

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