Market News

Gold prices rise following the release of CPI data, while copper experiences a surge amid anticipation of stimulus measures from China

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…
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Oil is on track for a weekly increase amid concerns over potential supply disruptions in the Middle East

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…
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Gold prices remain steady as CPI data takes center stage, while copper benefits from Chinese stimulus measures.

Gold prices showed little movement in Asian trading on Thursday due to ongoing pressure from a stronger dollar, as attention shifted to important upcoming inflation data for clues on interest rates. In the industrial metals sector, copper prices saw a slight increase, recovering some recent losses as China, the top importer, announced plans for…
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Oil prices have recovered as Hurricane Milton strikes Florida, while tensions in the Middle East continue to linger

Oil prices increased on Thursday, recovering after two consecutive days of significant losses, as attention remains on the ongoing conflict in the Middle East and Hurricane Milton making landfall in Florida. Brent oil futures rose by 1.2% to $77.46 per barrel, while West Texas Intermediate crude futures also climbed 1.2% to $74.14 per barrel.…
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Gold prices face pressure due to uncertainty surrounding interest rates, with upcoming cues from the Fed and inflation on the horizon

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 months. A strong dollar further pressured the broader metals market, with expectations of a smaller rate…
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Oil prices edge lower as easing Middle East risk premiums and rising U.S. crude inventories exert downward pressure

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, while West Texas Intermediate crude futures slipped 0.4% to $73.28 a barrel. Middle East Risk Premium Eases…
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Gold ETFs saw their fifth consecutive month of inflows in September, according to the World Gold Council (WGC)

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 gold ETFs hold bullion for investors and represent a substantial portion of the investment demand for gold,…
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