DXY Financial News

yellow metal has been moving with strength riding on slippages in the DXY which has gone below the 104 mark. The MCX October gold futures were trading up by Rs 12 or 0.02% from the Wednesday closing price at Rs 59,490 per 10 gram on the MCX while the December Silver futures were trading at Rs 76,100 per kg, lower by Rs 180 or 0.24%. On the Comex, Gold futures were trading at $1,972.70 per troy ounce on Thursday, down by $0.30 or 0.02% while Silver futures were trading at $24.985, lower by $0.119 or 0.470%. The DXY was trading flat at 103.03 against a basket of six top currencies, though the bias was negative. The October Gold futures had ended with gains of Rs 200 or 0.34% per 10 gram at Rs 59,466 while the December Silver futures closed higher at Rs 76,222, down by Rs 218 per kg or 0.29%. «Gold's value has stayed high for three weeks because the latest US economic data indicates slower growth. This led traders to reduce their expectations of the Federal Reserve raising interest rates next month.

On the Comex, Gold futures were trading at $1,943.30 per troy ounce on Monday, up $1.80 or 3.40% while Silver futures were trading at $24.265, up $0.031 or 0.130%. Click to know more The DXY was trading down 0.09% at 104.07 against a basket of six top currencies, though the bias was slightly negative. The October Gold futures had ended with declines of Rs 117 per 10 grams while the September Silver futures closed marginally higher at Rs 73,627, up Rs 59 per kg. «Gold remained stable after a weekly increase, as top central bankers emphasised maintaining high-interest rates until inflation is controlled at the Jackson Hole event.

Throughout the first half of the week, the US Dollar index maintained relative stability. However, as US economic data began to exhibit signs of decline, the greenback shifted lower.

RBI in Q3. The Indian Ocean Dipole, which was positive last month has turned neutral. August month’s rainfall is forecast to be the driest since 1901.

The US dollar index is currently forming a new peak within its 2023 trend. This trend has seen lower peaks in March, May, and most recently in July.

yellow metal which is now trading in an oversold zone. The DXY was trading at 103.19, albeit with a negative bias. The MCX October gold futures were trading with losses at Rs 58,812 per 10 grams on the MCX in the opening trade, down Rs 162 or 0.27%.

yellow metal was trading down on the back of a stronger dollar index (DXY) and bond yields. The DXY was trading with a positive bias at 102.59 against a basket of six top currencies. Tracking cues from their foreign peers, both gold and silver futures ended with declines in the previous session.

The DXY was trading with a positive bias at 102.29, up 0.24%. The October gold futures were trading with declines at Rs 59,405 per 10 grams on the MCX in the opening trade, down Rs 15 or 0.03%. Meanwhile, September Silver futures were trading at Rs 71,230, down Rs 38 or 0.05%.

The August gold futures were trading in the red at Rs 59,220 per 10 grams on the MCX when markets opened, down Rs 89 or 0.15% from Friday's closing price. Meanwhile, September Silver futures were trading at Rs 74,722, lower by Rs 248 or 0.33%. Gold and silver futures ended in the red in the previous session.

Bitcoin (BTC), the cryptocurrency that powers the world’s largest decentralized cryptographically secured network in the world, fell around 1.5% on Tuesday to the $29,700 area and briefly hit fresh one-month lows around $29,500 earlier in the day.

There is a lot of attention on what the US Federal Reserve is doing, and rightfully so. To recap, it has hiked the overnight interest rate by 5 percentage points in the current hike cycle. The pandemic-period low interest rate was 0 to 0.25%; currently it is 5 to 5.25%. The question is, what is the expectation now, on further rate hikes.

yellow metal. The DXY was trading with a positive bias above the 103 mark against a basket of six major currencies ahead of US Fed meeting minutes. The August Gold futures were trading at Rs 58,460 per 10 grams around 10 am on the MCX, rising Rs 51 over Tuesday's closing price.

At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar and then rose to 81.87, registering a gain of 4 paise over its previous close, as benchmark indices touched all-time highs. In initial trade, the rupee also touched a low of 81.95 against the American currency. On Monday, the rupee closed at 81.91 against the US currency.

As Bitcoin approaches the long-term support level of $25,000, there are speculations about whether the price will hold or experience further decline. 

The price of Bitcoin and Ethereum has risen, with both cryptocurrencies soaring by over 10%. As investors and traders closely monitor these developments, many questions whether their ascent is limited. Will this bullish trend continue, or are we approaching a potential peak? 

Bitcoin, the world's most popular cryptocurrency, has recently seen a significant increase in price, rising up by 2%. As a result, investors and traders are eagerly anticipating the next potential target for BTC. The price of Bitcoin has decreased over the course of the day, which is believed to be a result of the FOMC (Federal Open Market Committee) minutes release. 

After dropping for months beforehand, the price of Bitcoin [BTC] has been increasing since the beginning of the year. Despite the significant price increase, it is yet to recover to the level that saw it reach $60,000.

The leading cryptocurrency, Bitcoin, is trading sideways, with the price remaining within a limited range of $22,500 to $23,350. On January 23rd, BTC/USD closed at $23,114 after reaching a high of $23,114. 

In breaking news today, the Bank of England stated QE will be on 'whatever scale is necessary' and the Bitcoin price has now recovered above $19,500, up 3% in the past 24 hours.

Bitcoin (BTC) bounced past $20,000 on Sep. 9 as a much-anticipated “short squeeze” took hold.

While Bitcoin continues to perform within a tight range, attention is now shifting towards the U.S dollar. This is particularly due to the Dollar index’s impressive rally over the last few months, one which saw it rally to its highest levels in 20 years. However, it is currently showing signs of weakness. This has led many to wonder whether the Dollar index’s bearish correction may trigger a Bitcoin rally.