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Silver (XAG/USD) price turns positive on Friday after posting back-to-back bearish sessions, as heightened tensions in the Middle East decreased the white metal’s safe-haven appeal, prompting traders to turn to the US Dollar (USD). Nevertheless, buyers emerged, pushing XAG/USD higher and driving it near the $70.00 figure, up 2.70%.XAG/USD Price Forecast: Technical OutlookSilver price seems poised to consolidate further after falling below the 100-day Simple Moving Average (SMA), which remains above the spot price as a key resistance level at $73.66.Bears remain in charge, as indicated by the Relative Strength Index (RSI), though the index has been trending upwards towards…

Commerzbank economists Dr. Henry Hao and Volkmar Baur say China’s industrial profits surged early in 2026, led by AI-related electronics, but this strength predates the recent energy shock. With higher Oil prices now squeezing downstream margins and ending producer-price deflation via cost-push inflation, they argue the PBoC is unlikely to allow a strong CNY appreciation that could further hurt exporters.Energy shock complicates currency stance”This energy shock could act as a double-edged sword.””This results in a two-speed economy where upstream energy giants hoard profits at the expense of the broader factory floor.””While the end of the deflationary drag removes a persistent…

DBS Group Research expects Indonesia’s March CPI inflation to stay firm at 4% year-on-year, slightly below February’s 4.8%, but with a faster monthly pace. Analysts highlight the impact of higher energy prices and festive demand, as well as base effects. Policy options include holding retail fuel prices via budget savings, though prolonged conflict could force price hikes or subsidy cuts.CPI seen firm on energy and holidays”March inflation is expected to remain firm at 4% yoy, compared to 4.8% in the previous month, with a faster month-on-month pace than earlier averages, reflecting the initial impact of elevated energy prices and festival-driven…

Gold (XAU/USD) price rallies over 3% on Friday as dip buyers emerge, amid the conflict entering its fifth week of hostilities, with no signs of de-escalation, and as inflation pressures rise. At the time of writing, XAU/USD trades at $4,510 after bouncing off daily lows of $4,375.Heightened geopolitical tensions underpin Gold, Oil and the US DollarMarket sentiment remains dismal as US equities fall to 7-month lows. The rise in US Treasury bond yields and broad US Dollar strength has not been an excuse for bullion buyers, who are driving prices higher amid growing uncertainty over the Middle East conflict.The US…

Societe Generale’s Kunal Kundu analyses how the Iran conflict exposes India’s macro vulnerabilities through imported energy dependence and trade route risks. Kundu highlights broad spillovers from higher Oil and gas prices into the consumption basket and external balances. He argues for a calibrated fiscal–monetary mix, with the central bank treating inflation as transitory and targeted government support for households.Imported energy strains and policy response”Four weeks into the Iran conflict, uncertainty remains the only constant. India is feeling the fallout, exposing macro vulnerabilities in energy security, trade logistics, price stability, and external balances.””Despite oil intensity of GDP trending lower and a…

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, with AUD/USD extending losses for a fourth straight day as the Greenback remains broadly supported amid ongoing geopolitical tensions in the Middle East. At the time of writing, the pair is trading around 0.6866, slipping to fresh two-month lows.The US Dollar continues to draw support from its status as the world’s primary reserve currency, with investors turning to the Greenback to meet funding needs and seek safety during periods of heightened market stress.At the same time, rising Oil prices are indirectly boosting demand for the USD, as…

DBS Group Research sees South Korea’s March exports remaining in double-digit growth, supported by strong AI and data centre demand, higher memory prices and supply shortages, leading to a wider trade surplus despite rising import costs. CPI is projected around 2.3% year-on-year, above target, prompting government measures including fuel caps, reserve releases, energy-saving campaigns and a KRW 25 trillion supplementary budget.Robust exports but inflation stays above target”South Korea: March trade and CPI data will be the key focus this week, marking the first set of economic releases following the outbreak of the Iran conflict.””Export growth is expected to remain robust…

The Indian rupee fell to a record low on Friday, breaching the 94-per-dollar mark for the first time and nearing 95, as surging crude oil prices weighed on the currency amid signs that the West Asia conflict may be prolonged.The rupee closed at a record low of 94.81/$, weakening 84 paise from its previous close of 93.97/$1. The rupee had weakened to 94.85/$ on Friday and has declined over 3.5% this month, LSEG data showed. Brent crude oil prices rose by $1.87, or 1.73%, to $109.88 a barrel. While state run banks sold dollars, likely on behalf of the central…

The raging war in West Asia continues to have a deleterious effect on the Indian financial markets, with the Rupee closing at a new all-time low, bond yields hardening and equities taking a beating.The rupee closed at a new low of 94.8125 per US Dollar, down about 84 paise against the previous close of 93.9775, amid rising global energy prices, FPI-related outflows from domestic equity markets and a strengthening Dollar.Yields of Government Securities (G-Secs) hardened due to fears of the fiscal implications of the Government’s move to reduce excise duty on petrol and diesel by ₹10 each.Yield of the 10-year…

West Texas Intermediate (WTI) US Oil rises sharply and trades around $96.00 at the time of writing on Friday, up 3.55% on the day. The Oil market remains driven by heightened geopolitical uncertainty, as investors increasingly price in a prolonged conflict involving Iran, with potential long-term disruptions to global energy supply.After a brief easing of sentiment following Tehran’s decision to allow several Oil tankers to pass, optimism quickly faded. Military strikes continue across the region, while conflicting statements make the diplomatic outlook harder to assess. US President Donald Trump says negotiations are going “very well”, while Iranian officials state they…