Live Updates

The AUD/USD is nearing a two-month high, fueled by Australia’s strong household spending and expectations of RBA rate hikes. Meanwhile, the USD weakens as rate cuts loom from the Fed. – vtmarketsmy.com

South Africa’s gold and forex reserves climbed to $70 billion, signaling economic stability. Conversely, Canadian unemployment is set to hit 7%, prompting speculation on a potential interest rate cut. – vtmarketsmy.com

Central banks continue to accumulate gold, influencing prices amid potential US interest rate cuts. With geopolitical tensions and inflation pressures, gold remains a solid investment amid market volatility. – vtmarketsmy.com

Pi Network faces declining prices as supply pressure rises from exchanges. Meanwhile, Japan shows economic strength, while Canada’s labor market weakens. Traders may explore short positions and buy opportunities accordingly. – vtmarketsmy.com

Statistics Canada’s upcoming Labour Force Survey is crucial, predicting a 7% unemployment rate. Market reactions hinge on this data, shaping the Bank of Canada’s rate decision and impacting the Canadian dollar. – vtmarketsmy.com

Gold prices rose in the Philippines, reaching 7,990.32 PHP per gram, driven by a weaker US dollar and central bank purchases. A bullish outlook for gold suggests potential investment opportunities ahead. – vtmarketsmy.com

Gold prices in the UAE remain stable, suggesting potential growth ahead. Central bank demand and shifting US Federal Reserve rates bolster gold’s appeal as a safe-haven asset amidst economic uncertainty. – vtmarketsmy.com

Gold prices in Pakistan rose to PKR 38,377.77 per gram, reflecting global trends. Amid economic uncertainty, gold remains a stable investment. Central banks’ growing reserves signal potential future increases. – vtmarketsmy.com

Gold prices in India rose to INR 12,177.06 per gram, driven by central bank demand and a weakening US Dollar. With inflation and geopolitical tensions, gold remains a strong investment option. – vtmarketsmy.com

The RBI maintains the reverse repo rate at 3.35% to support growth despite rising inflation. This decision suggests a stable environment for traders, with bullish signals for equity markets and potential rupee depreciation ahead. – vtmarketsmy.com