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The Reserve Bank of Australia raised interest rates by 25 basis points, lifting the rate from 3.60% to 3.85% in a unanimous decision that was widely expected. This marks the RBA’s first rate hike in two years, coming just six months…
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WTI crude extended its pullback from the recent multi-month high of $66.46 during early Tuesday trading, following a gap-lower opening at the start of the week and Monday’s sharp 4% decline, marking the largest single-day drop since…
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Gold extended its steep decline, falling to a one-month low after Monday’s session opened with a roughly $100 gap down, indicating that negative sentiment from Friday’s largest daily drop in over forty years remains entrenched. Easing…
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Gold briefly slipped below the key $5,000 support on Friday, extending a dramatic two-day drop of over $600. As noted in yesterday’s commentary, the risk of a pullback had risen after the yellow metal posted nine consecutive days of…
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WTI crude extended its gains on Wednesday, building on Tuesday’s 2.9% rally to reach a four-month high near $63.50. The advance was driven by a softer U.S. dollar, disruptions to U.S. crude production caused by a severe winter storm, and…
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Gold surged past the $5,300 mark, reaching a new record high of $5,311 early Wednesday, extending its steep and uninterrupted rally. The metal has been moving at unprecedented speed, hitting successive round-number levels in less than 25…
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USDJPY remains in a steep decline for a third straight day, falling nearly 4% amid speculation that intervention may be contributing to the move, alongside rising safe-haven demand and month-end flows. The downside extended further on…
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The euro remains firm, holding near a fresh multi-month high of 1.1907 reached on Monday, following last week’s strong rally and a gap-higher opening at the start of this week. The recent advance was mainly driven by a weaker U.S.…
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Silver extended its gains above the psychological $100 level, which was breached on Friday when the market closed at $103.23, and surged to a new all-time high well above $111 on Monday. The metal has been strongly supported by a sharp…
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Gold cleared the $5,000 barrier in a single move on Monday, as widely anticipated following weekend developments. It then surprised traders by extending the rally to $5,100 within just a few hours of early trading. The metal opened with…
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