Gold prices in India surged to 11,026.96 INR per gram amid a weak US Dollar and declining bond yields. Central bank purchases bolster demand, hinting at continued bullish momentum for gold. – vtmarketsmy.com
The Reserve Bank of Australia stands firm at 3.6% interest rates amid market stability. US dollar weakness fuels rising euro and pound values, while gold remains a safe-haven amid geopolitical tensions. – vtmarketsmy.com
Gold prices in Malaysia rose to MYR 523.75 per gram amid global market uncertainty. As central banks continue buying, a weaker US dollar may boost gold’s value, making it an attractive investment. – vtmarketsmy.com
German retail sales rose 1.8% year-over-year in August, yet monthly sales dipped. Despite mixed signals, the Euro slightly strengthened against the US Dollar, hinting at potential market volatility ahead. – vtmarketsmy.com
Gold hits record highs amid geopolitical tensions and concerns over a US government shutdown. Despite a slight pullback, market conditions favor continued investment in gold as a safe haven. – vtmarketsmy.com
The Japanese Yen is strengthening against the US Dollar due to diverging monetary policies and geopolitical tensions. USD/JPY is predicted to decline further, inviting bearish trading strategies. – vtmarketsmy.com
GBP/USD rises as the US Dollar weakens, driven by Fed rate cut speculation and solid UK GDP figures. Traders are cautious ahead of the US Nonfarm Payrolls report, anticipating volatility. – vtmarketsmy.com
GBP/USD sits at 1.3440, with traders eyeing UK Q2 GDP data expected at 0.3%. Uncertainty from US government funding and tariff threats may heighten market volatility ahead. – vtmarketsmy.com
WTI oil prices are declining due to anticipated production increases from OPEC+ and resumed exports from Iraq’s Kurdistan region. With supply rising and demand weakening, traders face ongoing price pressures. – vtmarketsmy.com
New tariffs on timber and lumber, starting October 14, impose 25% duties on certain products, impacting prices and markets. Prepare for potential volatility and opportunities in lumber futures and U.S. timber stocks. – vtmarketsmy.com
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