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Gold climbed to a new record high of \$3659 in early Tuesday trading, extending the sharp 1.5% rally from Monday that drove a decisive break and close above the key psychological \$3600 barrier. Fresh US labor data confirmed that market…
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US nonfarm payrolls delivered a major disappointment in August, with the economy adding only 22,000 jobs compared to an upwardly revised 79,000 in July and far short of expectations for a 75,000 increase. The report also showed…
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WTI oil stays in negative territory for the third straight session, hovering near a two-week low on Friday, pressured by signals that OPEC+ may announce additional production increases at its meeting over the weekend, alongside an…
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Eurozone inflation rose to 2.1% in August from 2.0% in July, in line with expectations and staying close to the European Central Bank’s 2% target, reinforcing market bets that rates will remain unchanged in the near term. Core inflation,…
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Gold extends its upward trend and spiked to the highest levels since late April, coming just short of a new record high on Monday. The weaker dollar on rising expectations of a September Fed rate cut, fueled by dovish remarks from US…
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The dollar index remains in negative territory for the fifth consecutive session and again pressures key supports at 97.61/52 (daily cloud base / Fibo 61.8% of 95.97/100.04), which have so far held firm against repeated attempts and…
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Silver accelerates higher at the start of the week, rising over 2% in Asia and early Europe on Monday to break above the psychological \$40 barrier for the first time in more than a decade. The metal extends gains to the highest level…
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The Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred gauge of inflation, increased by 0.2% m/m in July, easing from a 0.3% gain in June and in line with forecasts. On an annualized basis, the PCE Price…
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Gold held a firm tone on Thursday, breaking through the critical $3400 resistance zone (psychological / Aug 8 peak) and trading at its highest level in nearly three weeks. Bullish momentum is being fueled by heightened uncertainty…
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The dollar index strengthened on Wednesday, hitting a weekly high and showing resilience despite renewed political turmoil at the Federal Reserve following President Trump’s dismissal of Governor Cook. Fresh upside momentum brought the…
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