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WTI crude oil extended losses on Friday, heading for a third consecutive weekly decline and marking a second straight week of closing below the $60 threshold. The market remains weighed by a gloomy demand outlook, amplified by the…
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Gold extended its record-setting rally on Friday, surging to $4380 in early trading after jumping 2.8% on Thursday and closing above $4300. The move marked the fastest advance between two major round-figure levels in just one session,…
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Gold price holds below the $4000 mark for the second straight day, as traders booked profits following the metal’s surge through the psychological barrier and the new record high at $4059 on Wednesday. The overbought daily indicators and…
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The dollar index remained firm on Thursday, holding near a nine-week high and heading for its strongest weekly performance in several months. The greenback’s strength in recent sessions has been underpinned by a sharp decline in the…
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Bank of England Cuts Rates to 4% Amid Divided Vote The Bank of England (BoE) lowered its key interest rate by 25 basis points to 4% during its August policy meeting on Thursday, but the decision exposed deep divisions among…
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The European Central Bank (ECB) kept interest rates unchanged at its July policy meeting on Thursday, pausing after eight consecutive rate cuts over the past year that brought rates down from 4% to 2%, including a reduction last month.…
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Gold Extends Losses as Risk Appetite Grows on US-EU Trade Hopes Gold prices fell for a second consecutive session, pressured by improving risk sentiment driven by rising optimism over a potential US-EU trade agreement, which continues to…
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XRP extended its decline on Thursday, continuing the sharp pullback that began on Wednesday with a 10% drop—the largest daily loss since March 3—after peaking at a new high of $3.66. Persistent failure to break above the $3.66 resistance…
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