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USD/CAD declines sharply on Friday, trading around 1.3940 at the time of writing, down 0.53% on the day, hitting its lowest level since June.
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The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.36% to 99.58 following a weaker-than-expected US jobs report.
Commerzbank’s Carsten Fritsch sees continued volatility in Brent as Strait of Hormuz negotiations remain unresolved and inventories tighten.
It received investment interest of ₹10,800 crore with strong participation from mutual funds and insurance companies
The loss of 23,000 jobs in July dealt a blow to US president Donald Trump's claims of leading an economic revival as his Republican Party gears up for crucial midterm elections.
TD Securities strategists Ryan McKay and Bart Melek highlight that strong discretionary and Asian buying is supporting Gold, even as CTA (Commodity Trading Advisors) positioning has plateaued.