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Market move▲ Bullish for Indian equities
Gold gets its festive shine back as lower prices lure Asian buyers
The brief
- Lower gold prices in India have drawn more physical buyers, narrowing sellers’ discounts
- Indian jewellers may see stronger festive demand as lower prices attract physical buyers
- Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fall amid bond and FX swings ahead of US jobs data
- Bears maintain grip on oil-importing Asian currencies as crude prices bite
- Global bond sell-off deepens as Asian yields jump
- Asian stocks struggle as investors weigh US inflation, West Asia tensions