Markets widely expect the U.S. Federal Reserve to keep interest rates unchanged today, but the real focus is on the Fed's message, not the decision itself. According to CME Group data, there is over a 95% chance that rates will stay within the current 4.25%–4.50% range. This is no surprise. What truly matters is how the Fed interprets recent…

Gold prices remained subdued in Asian trade on Monday, consolidating recent losses as investors stayed focused on the U.S. dollar ahead of the Federal Reserve’s final meeting of the year. Meanwhile, copper prices came under pressure due to a stronger dollar and mixed economic data from China, which failed to inspire confidence in demand. Gold…

Oil futures retreated from multi-week highs on Monday, weighed down by disappointing consumer spending data from China, the world’s largest oil importer. Brent crude futures declined by 32 cents, or 0.4%, to $74.17 per barrel by 1300 GMT, following Friday's close at their highest level since November 22. Similarly, U.S. West Texas Intermediate…

Oil prices remained relatively stable on Thursday as concerns over weak demand and a larger-than-expected rise in U.S. gasoline and distillate inventories offset gains driven by additional EU sanctions threatening Russian oil supplies. Brent crude futures edged up 31 cents to $73.83 per barrel , while U.S. West Texas Intermediate (WTI) crude…

Gold prices climbed on Tuesday, continuing their rebound from two-month lows, as the dollar retreated from recent highs and escalating Russia-Ukraine tensions boosted safe-haven demand. Spot gold rose 0.8% to $2,633.8 an ounce, while December gold futures gained 0.9% to $2,637.45 an ounce. This followed a nearly 2% surge on Monday, marking a…

Oil prices held steady on Tuesday, as traders balanced the partial restart of production at Norway's key Johan Sverdrup oilfield with heightened geopolitical tensions following Russia's revised nuclear threat policy. Brent crude futures slipped 0.1% to $73.22 per barrel, while West Texas Intermediate (WTI) crude futures dipped 0.1% to $69.08 per…

Gold prices advanced in Asian trade on Friday, building on overnight gains as strong U.S. inflation data was tempered by a soft labor market report. Meanwhile, copper prices surged sharply, driven by expectations of further fiscal stimulus announcements from China. A weaker dollar also supported broader metal markets, as it retreated from…

Oil prices edged lower on Friday, but remained on track for a second consecutive weekly gain as traders balanced the effects of hurricane damage on U.S. demand with the risk of a broader supply disruption if Israel targets Iranian oil facilities. Brent crude futures had dropped 60 cents, or 0.8%, to $78.80 a barrel, while U.S. West Texas…