Gold prices traded flat-to-lower on Monday, remaining close to recent record highs, as safe-haven demand surged amid growing uncertainty over the U.S. economy and potential trade tariffs. Key Market Moves Spot gold rose 0.1% to $2,940.18 per ounce, while April gold futures remained flat at $2,952.97 per ounce (as of …
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Bitcoin extended its decline on Monday, following a 1% drop last week, as investors exercised caution amid U.S. interest rate uncertainty and concerns over a major security breach at Bybit. Key Market Moves Bitcoin dropped 0.8% to $95,610.2 (as of 6:22 GMT), pressured by Fed rate policy uncertainty and negative …
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A complex interplay of economic data, geopolitical developments, and central bank pronouncements prevailed, resulting in shifts across various asset classes. From fluctuating Treasury yields and evolving sector leadership to the resurgence of European equities, the steady ascend of gold prices, and fresh sanctions impacting commodities, investors navigated a landscape rife …
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Oil futures saw a decline following U.S. Secretary of State Marco Rubio’s comments on maintaining sanctions against Russia. His phone conversations with European leaders after meetings in Riyadh highlighted that no peace agreement would be forced on Ukraine and that sanctions on Russia wouldn’t be lifted soon. This has led …
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The US Dollar Index (DXY) is currently trading around 106.50, maintaining minor gains despite recent economic data painting a mixed picture of the US economy. This level suggests the dollar is holding its ground, but the data raises questions about the strength of the US economy relative to other major …
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Nvidia’s upcoming fourth-quarter earnings release is highly anticipated, but the semiconductor giant’s results may not hold the same market-moving weight they once did. This shift reflects broader market dynamics and the evolving role of Nvidia within the tech landscape.Several factors contribute to this change. The influence of the “Magnificent Seven,” …
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Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight dip on Friday, a natural correction after reaching record highs earlier in the week. However, this short-term fluctuation does not diminish the overall upward trend, with gold poised for an eighth consecutive weekly gain. This …
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Recent data reveals a mixed picture of US economic activity. The S&P Global Composite PMI for February dipped to 50.4, signaling a slight weakening in overall private sector activity compared to January’s 52.7. However, within this composite, the Manufacturing PMI bucked the trend, edging up from 51.2 to 51.6, indicating …
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The GBP/USD pair experienced a pullback after reaching a year-to-date high of 1.2678 and testing the 100-day Simple Moving Average (SMA) at 1.2658. The pair subsequently stabilized near 1.2660. This movement occurred despite positive UK retail sales data for January, which showed a 1.7% month-over-month increase, exceeding expectations. US economic …
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The British pound strengthened on Friday, reaching a two-month high, after strong UK consumer spending data for January offset concerns over declining employment trends. Key Market Moves GBP/USD rose 0.1% to $1.2675, from $1.266 before the data release. EUR/GBP dipped slightly to 82.81 pence, down from 82.85 pence. Mixed Economic …
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