Japan’s Leading Economic Index rises to 110 from 108.6
Coincident index in Japan rises from 114.6 to 115.4 in October
Statistics Canada will soon release its Labour Force Survey. Analysts expect the Unemployment Rate to rise to 7% in November.
The Employment Change is expected to stay the same after a positive employment boost in October.
Markets are getting ready for these figures. This report comes just before the Bank of Canada’s next rate decision.
With today’s report likely showing a rise to 7% unemployment, we see this as a key moment for the Bank of Canada. The data arrives before the BoC’s final rate decision of the year on December 10th and may confirm the economic slowdown we’ve observed. Currently, the market sees a nearly 40% chance of a rate cut, a big rise from 15% just a month earlier.
If the numbers are weaker than expected, such as a 7.2% unemployment rate or job losses, it will strengthen the case for a rate cut next week. Traders might want to consider buying call options on CORRA futures to take advantage of expectations for falling interest rates. A similar trend occurred in the third quarter of 2025 when weak inflation data led to a bond rally.
On the other hand, if there’s unexpected strength, like the surprise gain of 17,500 jobs in October 2025, it could challenge the current forecast. This may cause a sudden shift, lowering prices on short-term interest rate futures as the chance of a rate cut decreases. A strategic move would be to buy put options on these futures, betting that the BoC will keep rates steady.
This situation also impacts the Canadian dollar, which has had difficulty staying above $0.72 USD. A weak jobs report would likely push the USD/CAD exchange rate toward the 1.4000 resistance level, a height we haven’t seen since 2024. Buying near-term USD/CAD call options is a direct way to prepare for a possible decline of the loonie.
Given the uncertainty around this event, we expect increased volatility regardless of the outcome. Implied volatility for one-month CAD options has already reached a three-month high of 8.5%. Traders who prefer not to bet on a specific direction could use straddles on currency ETFs to profit from any significant market movement.
Looking ahead, this jobs report will set the stage for the January 2026 meeting. A confirmed downturn in the job market would lead us to roll our dovish bets forward. We would focus on options with February 2026 expiries to align with the changing policy trends.
Gold prices rise in the Philippines, according to recent data from various sources.
Gold prices rose on Friday in the Philippines, according to FXStreet data. The price of gold reached 7,990.32 Philippine Pesos (PHP) per gram, up slightly from Thursday’s price of PHP 7,981.71.
The cost increased to PHP 93,196.17 per tola from PHP 93,097.11 the previous day. Here are the latest prices for gold:
– Per gram: PHP 7,990.32
– Per 10 grams: PHP 79,902.04
– Per tola: PHP 93,196.17
– Per troy ounce: PHP 248,526.90
FXStreet uses the USD/PHP exchange rate to convert international gold prices, updating daily. These figures are for reference only, and local prices may vary.
Gold is often seen as a way to protect against economic uncertainty. In 2022, central banks bought 1,136 tonnes, the largest annual increase ever. Countries like China, India, and Turkey are increasing their gold reserves quickly.
Gold prices usually rise when the US Dollar is weak, or during times of political unrest, low interest rates, or economic worry. In contrast, a strong dollar and higher interest rates can lower gold values.
The recent increase in gold prices, including the jump to 7,990.32 PHP per gram, shows gold’s lasting appeal as a safe investment. This movement is part of a larger trend linked to global economic conditions, which requires us to pay attention to what makes gold appealing during uncertain times.
One major factor is the negative correlation with the US Dollar, which we can see now. After the Federal Reserve’s softer stance in its November 2025 meeting, the U.S. Dollar Index (DXY) dropped to around 101.5, down from earlier highs this year. A weaker dollar means gold is cheaper for international buyers, which helps to support its price.
Concerns about a global economic slowdown are also boosting gold’s appeal. The International Monetary Fund (IMF) recently lowered its global growth forecast for 2026 to 2.8%, and recent manufacturing data from Germany and China has underperformed. Historically, gold tends to thrive when riskier investments like stocks struggle during economic downturns.
Additionally, the ongoing buying by central banks provides strong support for gold prices. This trend ramped up in 2022 with the purchase of 1,136 tonnes, and data from the World Gold Council shows central banks have added over 850 tonnes to their reserves in the first three quarters of 2025. This steady demand from major institutions shows long-term confidence in gold.
For those trading derivatives, these factors suggest a positive outlook for gold in the coming weeks. Taking long positions in gold futures or buying call options could be a smart strategy to benefit from potential price rises. However, it’s important to stay alert; any surprising shifts from central banks or an unexpected strength in the US dollar could quickly change this perspective.
Gold prices in the United Arab Emirates remained stable throughout the day with little variation.
Gold prices in the United Arab Emirates stayed steady on Friday. The price for gold was 497.57 AED per gram, up slightly from 497.09 AED the day before. The price per tola also held firm, rising from 5,798.00 AED to 5,803.57 AED.
Gold prices are determined by FXStreet, which converts international prices into local currency and units. Prices may differ slightly due to local market factors. These daily updates reflect current market exchange rates when published.
Gold As A Safe Haven Asset
Gold is seen as a dependable investment during tough economic times. It also protects against inflation and the decline of currency value. Unlike currencies, gold’s value is not tied to any central authority. Central banks often hold gold, increasing their reserves during uncertain times to strengthen their economies. Gold typically moves in the opposite direction of the US Dollar and US Treasuries. When the Dollar falls, gold prices usually rise, making gold a good option for diversifying assets. Prices also tend to increase during market instability or when interest rates decline, while a strong Dollar generally keeps prices down. Overall, gold prices are affected by geopolitical events, economic conditions, and the strength of currencies. Currently, gold prices are stable, suggesting a period of consolidation before a potential rise. The steady price around 497 AED per gram indicates that the market is absorbing recent gains and establishing a foundation. This calm period presents an opportunity to prepare for future movements. The main factor influencing gold is the changing position of the US Federal Reserve. After maintaining interest rates through much of 2025 to tackle persistent inflation—currently around 3.1%—the Fed is now hinting at possible rate cuts for early 2026. This expectation has led the US Dollar Index (DXY) to drop from its 2024 highs, falling below 102, which supports gold prices.Central Bank Demand
We are also seeing strong demand from central banks, continuing a trend that started in 2022. Recent data from the third quarter of 2025 showed that central banks added 337 tonnes to their reserves, highlighting their ongoing commitment to move away from the US dollar. This institutional demand provides a solid price floor and reduces the risk of price declines. With economic uncertainty and ongoing geopolitical tensions, gold’s role as a safe-haven asset is becoming increasingly important. The S&P 500 has shown weakness over the last quarter as recession fears rise, leading to investments in safer assets. This inverse relationship between stocks and gold has unfolded as anticipated. For traders using derivatives, this environment suggests preparing for a bullish trend in the next few weeks. Consider buying call options or setting up bull call spreads on COMEX gold futures to tap into potential upside while managing risk. With implied volatility remaining reasonable, options strategies offer a cost-effective way to position for a breakout above recent highs. Create your live VT Markets account and start trading now.Gold prices increased today in Pakistan, according to market data.
Gold prices in Pakistan rose on Friday, according to FXStreet data. The price per gram increased from 38,324.56 PKR on Thursday to 38,377.77 PKR. The cost per tola went up from 447,010.20 PKR to 447,624.40 PKR.
Prices for gold in local currency follow international rates (USD/PKR), which are updated daily based on market conditions. These prices are for reference only and local rates may vary slightly.
Gold as a Safe Haven
Gold has long been seen as a way to preserve wealth and protect against inflation. It is often viewed as a safe-haven asset during uncertain times because it remains stable and is not tied to any specific issuer or government. Central banks are the largest holders of gold, diversifying their reserves to boost their economies. In 2022, they bought 1,136 tonnes of gold, worth about $70 billion, marking a record high for purchases. Gold prices usually move in opposition to the US Dollar and US Treasuries. Factors like geopolitical instability, interest rates, and the strength of currencies can also affect gold prices. Generally, a stronger Dollar keeps gold prices lower, while a weaker Dollar tends to increase them. Today’s rise in gold price, now PKR 38,377.77 per gram, highlights an overall trend we’re closely monitoring. This small increase is part of a larger accumulation pattern seen over the past few months. Traders should consider this not just as a single event but as a possible indicator of future movements.Global Economic Conditions
Global economic conditions remain shaky, with ongoing trade disputes and slowing growth expectations for early 2026 causing market concerns. During times like these, gold strengthens its position as a go-to safe-haven asset. Historically, we have seen more investments in gold during periods of heightened instability. Central banks continue to be significant buyers of gold, a trend that has grown since the record-high purchases in 2022. Recent data for the third quarter of 2025 shows that central banks, especially in Asia, added another 350 tonnes to their reserves. This ongoing demand from institutions helps create a solid base for gold prices. The US Federal Reserve may pause its interest rate hikes, putting downward pressure on the US Dollar. The US Dollar Index (DXY) has dropped to around 101.5, lower than earlier this year. A weaker dollar typically makes gold less expensive for foreign buyers, increasing its attractiveness. We saw a similar situation during the economic uncertainty of the early 2020s before a major rally in precious metals. That time showed how a mix of loose monetary policy and global risks can push gold prices higher. Today’s environment resembles that period. For derivative traders, this situation suggests looking into long positions on gold in the coming weeks. Increased market volatility may make buying call options an effective way to gain exposure while keeping risk low. Selling out-of-the-money put spreads could also be a good strategy to earn premium if we expect prices to stay stable or rise. Create your live VT Markets account and start trading now.Dividend Adjustment Notice – Dec 05 ,2025
Dear Client,
Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume”.
Please refer to the table below for more details:
The above data is for reference only, please refer to the MT4/MT5 software for specific data.
If you’d like more information, please don’t hesitate to contact [email protected].
Gold prices in India have increased today based on data from various sources.
Gold prices in India rose on Friday. According to FXStreet, the price increased to 12,177.06 Indian Rupees (INR) per gram, up from INR 12,159.94 on Thursday. The price for a tola went up to INR 142,032.90, compared to INR 141,838.50 the day before.
FXStreet calculates these prices by converting international rates using the USD/INR exchange rate and updates them daily. These rates are reference points and might vary locally. Gold has always been a reliable store of value and a means of exchange, making it a safe-haven asset during uncertain times.
Central banks are the largest gold holders, buying the metal to boost trust in their economies and strengthen currencies. In 2022, central banks bought 1,136 tonnes of gold, worth about $70 billion, which was the highest amount purchased in a year. Countries like China, India, and Turkey are notably increasing their gold reserves.
Gold prices are influenced by geopolitical events, concerns about recessions, and interest rates. Prices generally rise when the US Dollar weakens and interest rates drop. Gold tends to gain value when other assets decline, due to its inverse relationship with the US Dollar and riskier investments.
With gold showing upward momentum, this trend reflects the economic environment of late 2025. The Federal Reserve cut interest rates to 4.25% in November 2025, putting pressure on the US Dollar and making gold more appealing. This situation often signals traders to expect further growth in gold prices.
Inflation is another major factor. Recent figures show a persistent annual rate of 3.1%, well above the 2% target. In this environment, investors flock to gold as a hedge against currency devaluation. Geopolitical instability and supply chain problems further strengthen gold’s position as the ultimate safe-haven asset.
A significant trend is the steady buying from central banks, which has continued since the record purchases in 2022. Central banks in emerging economies have been increasing their gold reserves throughout 2024 and 2025, establishing solid support for the market. This ongoing buying suggests a structural shift that could lead to higher prices in the long run.
For derivative traders, the outlook for the coming weeks looks bullish. Buying call options on gold futures or related ETFs is a straightforward way to gain exposure to the expected price rise. Using bull call spreads can also help lower the cost of entry while still capturing potential gains, especially with markets anticipating more rate cuts in early 2026.
However, gold’s inverse relationship with risk assets should be noted. If equity markets strengthen unexpectedly or rally strongly at the year’s end, it could create short-term challenges for gold as money flows into stocks. Therefore, traders should monitor major indices for any signs of a breakout that could halt the current gold rally.
India’s reverse repo rate stays unchanged at 3.35%
The Reserve Bank of India (RBI) has decided to keep the reverse repo rate unchanged at 3.35%. This choice comes as the bank navigates various economic challenges while trying to support growth and control inflation.
Market analysts are closely monitoring the RBI’s upcoming plans related to monetary policy and potential interest rate changes. More details will likely emerge as the impact of this decision unfolds in the coming weeks.
By maintaining the reverse repo rate at 3.35%, the RBI shows that supporting economic growth is still its main focus. This decision follows the consumer price inflation rate for November 2025, which reached 5.8%. This figure is close to the upper limit of what the bank considers acceptable. It appears the RBI is willing to tolerate higher inflation for now to avoid hindering economic recovery.
This approach should help keep borrowing costs low and maintain good liquidity in the economy. We have seen how this strategy aided markets before, especially during the recovery from the pandemic in 2022-2023. With the GDP growth for the second quarter of the 2025-26 fiscal year coming in lower than expected at 6.5%, the RBI’s decision offers a supportive environment for riskier investments.
For equity derivative traders, this indicates a positive outlook for indices like the Nifty 50, which has recently stabilized after exceeding the 25,000 mark. Traders might explore strategies that benefit from steady or rising markets, like buying call options or using bull call spreads as we approach the next monthly expirations. Selling out-of-the-money put options could also be a profitable strategy, assuming volatility remains low.
In the interest rate derivatives market, the likelihood of a rate hike in the near future has decreased sharply. This is expected to lower short-term government bond yields, as seen by the 2-year bond yield dropping 5 basis points this morning. Traders might consider receiving fixed rates in overnight index swaps, anticipating that policy rates will stay stable for at least the next quarter.
This decision could create challenges for the Indian Rupee, as the interest rate difference with other major economies may become less favorable. Currently, the USD/INR is trading around 84.50, and we might see a gradual drop toward 85.00 in the coming weeks. Traders might look to buy USD/INR futures or call options to protect against or profit from a weaker rupee.
In the short term, implied volatility in both equity and currency options may decline, as the central bank’s decision reduces a major source of uncertainty. This environment benefits traders who sell options premium, as the policy direction now seems clearer until the next meeting. We should keep an eye on any changes in global commodity prices, as this remains the primary risk that could unexpectedly lead the RBI to alter its stance.
The Reserve Bank of India holds the repo rate at 5.25%, as expected.
The Reserve Bank of India (RBI) is keeping the repo rate steady at 5.25%, matching what many expected. This choice shows the RBI’s commitment to financial stability even as the economy faces challenges, while also considering growth and inflation.
The RBI’s decisions directly affect India’s economy, influencing inflation, currency stability, and overall growth. With global economic conditions changing, the RBI is carefully watching inflation trends and may adjust its policies as needed.
Steady Repo Rate
By maintaining the repo rate at 5.25%, the RBI is taking a cautious approach to manage uncertain economic factors while aiming for stability and growth. Market watchers are keen to see how this decision will impact economic indicators in the future. Traders and economists are paying close attention to the RBI’s actions, curious about their effect on economic conditions ahead. This decision is made amid a complex global economic situation, where central banks play vital roles in shaping policies. With the RBI keeping the repo rate at 5.25%, stability is our main focus. This widely expected move minimizes any shocks to the system. As a result, we can expect less volatility in Indian government bonds and interest rate futures in the coming weeks. This stable environment is great for strategies that benefit from predictability, like selling options to earn premiums. The India VIX is currently around 13, much lower than earlier this year, which makes it a good opportunity to write straddles or strangles on the Nifty 50 index. We’re essentially betting that the market will remain within a set range, supported by this stable monetary policy.Monetary Policy Divergence
The real opportunity lies in the growing gap between Indian and US monetary policy. While India remains stable, the US Federal Reserve is hinting at more rate cuts, with their key rate now at 3.75%. This nearly 1.5% difference makes the Indian Rupee appealing for carry trades. To take advantage of this, we should focus on USD/INR derivatives. With India’s robust GDP growth of 7.5% and inflation now moderating at 4.9%, there are solid reasons to believe the Rupee will strengthen. Options to consider include selling USD/INR futures or buying Rupee call options to position for the Rupee to strengthen from its current rate of around 82.50 against the dollar. This stable rate environment also bodes well for Indian stocks. The certainty it provides should continue to support the upward trend of the Nifty 50 index seen throughout most of 2025. Using Nifty futures and buying call options can be smart strategies to stay invested in the equity market. We have experienced similar trends before, especially between 2022 and 2024 when global central banks operated at varying speeds. Going forward, closely monitoring upcoming inflation data will be crucial, as any unexpected increases could prompt the RBI to change its cautious approach. Create your live VT Markets account and start trading now.Gold prices in Malaysia remain stable today with no major fluctuations reported.
Gold prices in Malaysia stayed steady on Friday. The price per gram was 557.08 Malaysian Ringgits (MYR), a slight rise from 556.65 MYR on Thursday. The price per tola was stable at 6,497.66 MYR, compared to 6,492.65 MYR the previous day.
Gold is often used as a safe investment and currency. It tends to remain stable during uncertain times. Central banks are the largest holders of gold, adding 1,136 tonnes to their reserves in 2022, which helps stabilize currencies. Countries like China, India, and Turkey have rapidly increased their gold reserves.
