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 the technical significance of the $4000 level prompted partial profit-taking, though the pullback has…

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 Japanese yen amid political turmoil in Japan, deepening political crises in the US and France, and less…

Gold remains the standout performer in the markets, consolidating modestly in early Tuesday trading after surging through the \$3900 level and setting a new record high at \$3977 on Monday, as the metal now tests the pivotal \$4000 barrier. The recent rally has been fueled by a combination of strong drivers, including heightened expectations for…

Gold surged to a new all-time high of \$3871 on Tuesday, extending Monday’s sharp 2% rally, which marked the biggest daily gain since May 6. The move was fueled by intensifying concerns over a potential US government shutdown on October 1 and growing expectations of further Fed rate cuts, which drove a fresh wave of safe-haven demand. The…

The dollar index extended losses for the second straight session, weighed by mounting concerns over a potential US government shutdown and reinforced expectations of further Fed rate cuts, which overshadowed the support from last week’s stronger economic data. The index reversed lower after failing to break above key technical resistances,…

The euro inched higher on Friday as the second leg of the pullback from the new 2025 peak at 1.1918 found a footing at key Fibonacci support at 1.1655, marking the 50% retracement of the 1.1391–1.1918 rally. Near-term bearish momentum paused after the sharp two-day decline, with calmer trading expected ahead of the release of key U.S. inflation…

WTI oil extended gains for the second consecutive session, supported by renewed supply concerns and a larger-than-expected draw in US crude inventories (API report showed -3.82 mln bbls vs -3.64 mln bbls previous week). Prices advanced more than 3% over the past two days, following the formation of a Morning Doji Star reversal pattern on the…

USDJPY strengthened on Wednesday, supported by a more cautious tone on monetary policy from Fed Chair Powell alongside increased demand from Japanese importers. The dollar regained momentum after Powell emphasized the need for a balanced approach as the central bank faces two opposing forces: weakening labor market conditions on one side and…