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Gold prices declined during Asian trading on Wednesday, continuing a downward trend from record highs as market participants increasingly anticipate that the Federal Reserve will implement interest rate cuts at a slower pace in the upcoming…
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Oil prices dipped slightly on Wednesday as concerns over demand outweighed the potential supply disruptions from the conflict in the Middle East and Hurricane Milton in the U.S. Brent crude futures were down 0.3% to $76.94 a barrel,…
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Global physically backed gold exchange-traded funds (ETFs) experienced their fifth consecutive month of inflows in September, driven by increased holdings in North America, as reported by the World Gold Council (WGC) on Tuesday. These…
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Oil prices paused on Tuesday as the market awaits Israel's response to last week's Iranian rocket attacks, which had caused a surge in prices due to fears of a broader conflict in the Middle East. Both benchmark contracts saw gains of…
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Gold prices edged lower in Asian trading on Monday, still reeling from a sharp drop after hitting record highs. The decline followed strong U.S. payroll data, which dampened expectations for a large interest rate cut by the Federal Reserve.…
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Oil prices extended their gains on Monday, with Brent crude nearing $80 a barrel, following last week’s sharpest weekly surge since early 2023. This rise is fueled by concerns over escalating Middle East tensions and the potential…
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EUR/USD continues to trade firmly lower on Friday, hovering near its lowest levels in almost a month. Bears are targeting the critical 1.10 support zone, which includes the psychological level, the September 11 higher low, and the 38.2%…
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The British pound extended its losses on Thursday, dropping over 1% in the session as pressure mounted following dovish remarks from Bank of England Governor Andrew Bailey. Bailey hinted at the possibility of more aggressive rate cuts,…
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Key Takeaways - The 2024 US Presidential Election is expected to have a substantial impact on various markets, including stocks, commodities, cryptocurrencies, and the US dollar. - A Trump victory could boost US stocks and…
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Oil prices extended their strong rally into a second consecutive day, rising 1.6% during the European session on Wednesday after a 3.45% surge on Tuesday—marking the biggest daily gain since August 12. The price jump was driven by…
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