Bitcoin extended its rally on Wednesday, inching closer to its all-time high after the U.S. Senate made key progress on the GENIUS Act, a landmark piece of legislation designed to establish a federal regulatory framework for stablecoins. The leading cryptocurrency rose 1.4% to $107,595.50 as of 01:42 ET (05:42 GMT), …
Read More »European Stocks Slip as UK Inflation Jumps, Ukraine Peace Prospects Fade
European equity markets retreated slightly on Wednesday, as hopes for a near-term resolution to the war in Ukraine dimmed and U.K. inflation data came in hotter than expected, clouding the outlook for future rate cuts from the Bank of England. By 03:02 ET (07:02 GMT), the DAX index in Germany …
Read More »Gold Rises on Middle East Tensions and Dollar Weakness
Gold prices advanced in Asian trade on Wednesday as geopolitical tensions surged following reports of a potential Israeli strike on Iran’s nuclear facilities. A weaker U.S. dollar and persistent concerns over fiscal and trade uncertainty also supported renewed safe-haven demand, helping gold recover part of last week’s losses. Spot gold …
Read More »UK Inflation Surprise Raises Questions Over BoE Rate Cut Path
British inflation accelerated sharply in April, exceeding both market and central bank forecasts, reigniting concerns that price pressures remain deeply rooted in the economy and potentially challenging the Bank of England’s expected path of gradual interest rate reductions. Data released by the Office for National Statistics (ONS) on Wednesday showed …
Read More »Market Drivers – US Session: Gold Shines as US Credit Downgrade and Geopolitical Risks Intensify
Gold has demonstrated a remarkable rally, pushing towards multi-day highs near the $3,290 mark per troy ounce and re-establishing its role as a premier safe-haven asset. This surge comes amidst a confluence of factors, including a recent US credit downgrade, persistent geopolitical tensions, and shifting global monetary policy. Concurrently, West …
Read More »Noor Capital | Mohamed Hashad’s Interview on Dubai TV – May 19, 2025
Interviewed by Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and member of the American Association of Technical Analysts, commented on the most prominent event in global markets: the downgrade of the United States’ credit rating. This downgrade, closely linked to rising U.S. debt levels, has raised numerous questions …
Read More »Trump Unveils America’s Ambitious Leap in Missile Defense
A transformative vision for national security is unfolding with the detailed revelation of the “Golden Dome,” an ambitious hemispheric missile shield aiming to redefine America’s defensive capabilities. President Donald Trump has championed this initiative, announcing initial funding and a designated leader, Space Force General Michael Guetlein, to spearhead its realization. …
Read More »Gold Above $3,290: Navigating Amid Fiscal Risks
Gold prices have seen a notable ascent, driven by a weakening US Dollar and heightened demand for safe-haven assets amidst growing fiscal uncertainty. This movement underscores gold’s traditional role as a reliable store of value in turbulent economic times.The recent downgrade of US sovereign debt by Moody’s has amplified concerns …
Read More »Oil’s Uneasy Calm: Geopolitics and China’s Grip Tighten
Oil markets are caught in a precarious balance, teetering between geopolitical flashpoints and economic uncertainty. Despite recent easing in prices, the underlying currents of international diplomacy, military conflicts, and crucial economic data paint a complex picture for crude’s future. The current landscape isn’t merely about supply and demand; it’s a …
Read More »Why is Huawei Back in News Headlines? Fragile Trade Truce with China Threatened
A recently established trade truce between the United States and China faces an immediate challenge following a US industry warning against the use of certain Chinese-made chips, particularly those from Huawei. This development has drawn strong condemnation from Beijing, which views the warning as a direct undermining of the preliminary …
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