Author: Admin

A troy ounce is equal to 31.1035 grams — slightly heavier than the standard (avoirdupois) ounce used in everyday life, which weighs 28.35 grams. That difference of roughly 2.75 grams matters enormously in precious metals, because gold, silver, platinum, and palladium are priced and traded in troy ounces everywhere in the world. When you see a gold price quoted on a commodities exchange, or a bullion dealer’s website, that figure is typically expressed per troy ounce. Understanding what a troy ounce is, how it converts to grams and kilograms, and why it became the standard unit for precious metals is…

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United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD slipped to 1.2929 before recovering, with intraday price action still seen as range trading. For the day, the pair is expected to stay between 1.2930 and 1.2960. On a 1–3 week horizon, the bank keeps a constructive Dollar view while stressing that a break below 1.2925 would cap recent strength near 1.2991.Range holds as upside momentum eases”24-HOUR VIEW: When USD was at 1.2965 last Friday, we indicated that “the current price movements are likely part of a range-trading phase,” and we expected USD to “trade between 1.2950 and 1.2980.” We did…

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The former Greater Manchester mayor and the Labour lawmaker, Andy Burnham, will outline his vision for the United Kingdom (UK) on Monday, the Guardian reported. Last Monday, Keir Starmer faced political pressure and announced he would step down as leader of the ruling Labour Party. The schedule to pick a successor could see Burnham installed as Prime Minister as soon as July 17, if no other challenger emerges.Burnham will set out on Monday how he’d “lift Britain back up” by devolving UK power from London to regions. His key pledges include “good growth in every postcode”, creation of a “No. 10…

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MON: Japanese Retail Sales (May), Spanish HICP Flash (Jun), Retail Sales (May), EZ Consumer Confidence Final (Jun), US Dallas Fed Manufacturing Index (Jun) TUE: RBA Minutes (Jun), Japanese Industrial Production (May), Unemployment Rate (May), Chinese NBS Manufacturing PMI (Jun), German Retail Sales (May), Import Prices (May), Swedish Retail Sales (May), UK GDP Final (Q1), French HICP Flash (Jun), PPI (May), German Unemployment Rate (Jun), German State/Nationwide CPI (Jun), Italian HICP Flash (Jun), Canadian GDP (Apr), US Chicago PMI (Jun), JOLTS Job Openings (May), US Dallas Fed Index (Jun) WED: Holiday: Canada Day (Jul), Global Manufacturing PMI Finals (Jul), Japanese Tankan…

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HSBC portrays Vietnam as one of Asia’s fastest-growing economies, supported by booming electronics exports and import-intensive manufacturing. However, a widening trade deficit and elevated Oil prices are eroding the current account surplus and pushing inflation above the State Bank of Vietnam’s ceiling. The bank trims its external surplus forecast and raises its 2026 inflation projection.Fast expansion with external and price pressures”Despite moderating from last year’s 8%, the country saw rather decent growth of 7.8% y-o-y in 1Q26. This easily made Vietnam sustain its position asone of Asia’s fast-growing economies.””Nevertheless, a detailed look at trade data shows Vietnam’s trade resilience. Exports…

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