Gold ETFs delivered strong returns up to 27% in three months. Recent volatility saw profit booking and corrections. Experts cite Fed rate cut expectations, geopolitical tensions, and central bank demand as drivers. Despite short-term fluctuations, long-term structural drivers for gold remain intact. Investors are advised to adopt a phased investment approach.
Trump's 'America First' approach has cast a shadow over European allies in the field of international diplomacy. As Europe grapples with its voice on pivotal issues like the Ukraine conflict and the Israel-Hamas tension, the challenge of aligning with Trump's perspectives grows.
US inflation eased more than anticipated in September, fueling hopes for Federal Reserve rate cuts. Meanwhile, trade talks between the US and Canada hit a snag, though focus shifts to an upcoming Trump-Xi meeting. Oil prices climbed on new US sanctions, impacting currencies like the yen, while UK retail sales saw a boost.
Oil prices dipped Friday amid doubts about US sanctions on Russia's top oil firms. Brent and US crude futures saw declines after initial gains. These sanctions aim to pressure Russia over the Ukraine war. Chinese and Indian refiners are expected to reduce Russian oil purchases. OPEC stated readiness to cover any market shortages.
Gold prices saw a dip on Friday, recovering slightly after U.S. inflation data eased. This eased concerns about interest rate hikes by the Federal Reserve. However, gold is still heading for its first weekly decline in ten weeks. Investors are booking profits after a recent record high. Silver also experienced a decline. Platinum and palladium prices also fell.
In a landmark journey across Asia, President Donald Trump is set to tour Malaysia, Japan, and South Korea, culminating in a significant dialogue with China's Xi Jinping. His mission? To unlock lucrative trade opportunities and reinforce US presence in a region that is increasingly influenced by China.
European stock markets reached a new peak on Friday. This surge was fueled by lower than anticipated U.S. inflation figures. Hopes for reduced trade friction between the U.S. and China also contributed to the positive sentiment. Investors reacted to a series of company earnings reports. The continent-wide STOXX 600 index saw an increase. Major regional indexes also ended higher.
Friday brought significant gains to the Indian stock market, echoing the record-breaking performance of major U.S. stock indexes. The catalyst? Lower-than-expected inflation data that sparked fresh hopes for interest rate reductions by the Federal Reserve. Companies like Ford released impressive earnings, further igniting the market rally.
Indian markets saw a strong rally. Cooler inflation data and upbeat corporate earnings propelled US stock indexes to record highs. This performance sets a positive tone for upcoming earnings reports and an anticipated interest rate cut by the Federal Reserve. Investors are keenly watching major tech companies like Meta, Microsoft, Alphabet, and Apple for further market direction.
The Securities and Exchange Board of India, Sebi, has permitted portfolio managers to transfer their portfolio management services, PMS, business. This transfer can be of select investment approaches or the entire PMS operations. The regulator has outlined specific procedures for transfers within the same group and between different entities.
