Gold prices in India saw an upward move on Tuesday, according to FXStreet data, reflecting broader global bullish trends in the precious metals market. The spot price of gold in India was recorded at INR 10,336.95 per gram, up from INR 10,291.12 per gram on Monday. Similarly, the tola price increased to INR 120,568.00, compared with INR 120,033.60 the previous day.  This daily gain reinforces the ongoing positive momentum in gold, supported by multiple macroeconomic and geopolitical factors. Nabotex Group’s broker Richard Miller provides readers with a comprehensive overview of this issue.  Gold Gains Amid Fed Rate Cut Bets The...

Asian equities experienced a mixed performance on Tuesday as investors digested Wall Street’s overnight rally and growing expectations of a Federal Reserve rate cut.  While Japan’s Nikkei 225 retreated from its all-time highs, other major regional benchmarks, including South Korea’s KOSPI and Hong Kong’s Hang Seng, advanced modestly, reflecting investor caution amid geopolitical uncertainties and significant economic data releases. This article from Nabotex Group’s Ben Stevens offers a deep dive into the subject. Wall Street Rally and Fed Rate Cut Expectations Drive Asian Markets Asian markets opened higher following strong performance on Wall Street, which was fueled by last week’s...

The Japanese Yen (JPY) maintained its positive bias against the US Dollar (USD) during the Asian session on Tuesday, reflecting an ongoing divergence in monetary policy expectations between the Bank of Japan (BoJ) and the Federal Reserve (Fed).  Despite political uncertainty at home, the JPY remains resilient as upbeat macroeconomic data strengthens speculation about a potential BoJ rate hike, while dovish Fed expectations continue to weigh on the USD and exert pressure on the USD/JPY pair. Nabotex Group’s professional Alex Tonoyan presents a clear and structured breakdown of the matter. Japanese Yen Supported by Strong Domestic Fundamentals The JPY’s relative...

Gold (XAU/USD) extended its record-setting rally for the third consecutive session on Tuesday, climbing beyond the $3,650 per ounce mark during Asian trading.  The precious metal continues to attract strong demand as Federal Reserve (Fed) rate cut bets weigh heavily on the US Dollar (USD) and fuel flows into the non-yielding safe-haven asset. In this piece, Nabotex Group’s broker Richard Miller thoroughly examines the topic for readers. The rally builds on momentum sparked by last week’s US Nonfarm Payrolls (NFP) report, which highlighted signs of a weakening labor market and reinforced expectations that the Fed will begin lowering borrowing costs...

The EUR/USD pair is gaining traction, advancing for the third straight session and edging toward the 1.1800 level during Asian trading hours on Tuesday. The currency pair is supported by broad-based weakness in the US Dollar (USD), as markets increasingly expect the Federal Reserve (Fed) to embark on rate cuts in September.  Political instability in France and expectations of a steady stance from the European Central Bank (ECB) add to the complex backdrop shaping price action. Nabotex Group’s expert Ben Stevens delivers a detailed analysis of the subject in this article. Dollar Weakness Fuels EUR/USD Upside The US Dollar Index...