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Prakash Bhudia

HOD – Product & Growth
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Prakash Bhudia

Oil surges as Iran strikes Israel, are we headed for unprecedented highs?

Oil prices saw a rebound on Wednesday after Iran fired 180 missiles towards Israel on Tuesday, in Iran’s latest offensive as tensions in the Middle East escalate. The growing fear of potential retaliatory strikes and a broader regional conflict has raised concerns about significant disruptions to the global oil supply, causing oil prices to spike...

03 October 2024 /markets

Prakash Bhudia

Gold holds firmly above $2600, clear path to $3,000?

Gold continued its impressive rally on Tuesday, hitting new record highs during the Asian session, as prices soared to $2,635.05 before settling at $2,627.34 by midday U.S. trading. Investors are closely monitoring the Federal Reserve’s next moves as expectations of further rate cuts continue to fuel gold's ascent. With the precious metal holding...

24 September 2024 /markets

Prakash Bhudia

Gold surges past $2500 on rate cut countdown, political heat

Gold prices breached the $2500 mark at the start of the London trading session on Thursday. This surge came as traders eagerly awaited key US economic data, namely the ADP Employment Change and ISM Services PMI, released later that day. Rate cut countdown is on The decisive move up is buoyed by the growing anticipation of a more aggressive interes...

06 September 2024 /markets

Prakash Bhudia

Nvidia stock dips after earnings, is a major bounce on the horizon?

Nvidia shares dipped 6% after earnings on Wednesday despite beating Wall Street estimates of $28.7 billion and 64 cents earnings per share, to record $30.04 billion and 68 cents earnings per share. Despite the uptick in earnings, it failed to meet the lofty expectations of investors who are accustomed to steeper revenue increases as had been s...

30 August 2024 /markets

Prakash Bhudia

Safe haven buying ramps up, could Gold soar after Powell?

Gold prices hold just below the $2500 psychological level as analysts predict a bounce towards unprecedented highs. Some forecasts suggest the metal could reach $3,000 per ounce by next year. Tuesday's surge to a new all-time high of $2531.64 highlighted this bullish momentum. Gold's recent rally had been driven by its safe-haven appeal amid glo...

22 August 2024 /markets

Prakash Bhudia

Market volatility: Understanding the drivers and how to navigate

Financial markets are inherently dynamic, with volatility that can unnerve even the most seasoned traders. To navigate turbulent periods, it’s crucial to understand the key drivers of market volatility, strategies to protect your positions and opportunities that arise during market dislocations. In this article, we’ll explore the VIX Index, the cu...

17 April 2024 /markets

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