Gold, the timeless safe haven, has been on a dazzling run this year. However, recent market trends suggest a potential pause in its upward trajectory. As U.S. Treasury yields rise and the dollar strengthens, gold’s allure as a safe-haven asset may diminish.Tug-of-War Between Bulls and BearsThe Federal Reserve’s monetary policy …
Read More »What investors should know about China’s new lending tool
China’s central bank, the People’s Bank of China (PBOC), has introduced a new lending tool to inject liquidity into the market and bolster the economy. This move comes as billions of yuan in medium-term loans are set to mature by the end of the year.The new tool, an open market …
Read More »U.S. Stock Futures Rise Amid Calmer Geopolitics, Key Earnings, and Election Countdown
U.S. stock index futures climbed on Monday, supported by easing geopolitical concerns and anticipation of a busy week, including key technology earnings, nonfarm payroll data, and final U.S. presidential election campaign pushes. By 06:35 ET (10:35 GMT), Dow Jones Futures were up 225 points (0.5%), S&P 500 Futures gained 36 …
Read More »European Stocks Edge Higher Amid Easing Middle East Tensions and Event-Heavy Week
European stock markets saw modest gains on Monday as easing tensions in the Middle East provided a positive backdrop at the start of a week loaded with key economic events. By 04:10 ET (08:10 GMT), Germany’s DAX rose 0.3%, France’s CAC 40 gained 0.5%, while the U.K.’s FTSE 100 slipped …
Read More »Oil Prices Slide Over 4% as Middle East Tensions Ease
Oil prices fell sharply on Monday, with both Brent and U.S. West Texas Intermediate (WTI) crude futures dropping over 4% after Israel’s weekend strike on Iran bypassed key oil and nuclear facilities. This less severe escalation eased concerns about disruptions to Middle Eastern energy supplies, leading to a price drop. …
Read More »Gold Drops as Middle East Tensions Ease; Dollar Gains on Election Uncertainty
Gold prices slipped from recent highs in Asian markets on Monday as reduced fears of a broader Middle Eastern conflict softened safe-haven demand for the metal. Traders turned their attention toward the U.S. dollar, with rising demand spurred by upcoming U.S. elections and increased political uncertainty in Japan, where the …
Read More »Asian Stocks Mostly Gain as Middle East Tensions Ease; Japan Rallies Amid Political Uncertainty
Asian markets saw a mostly positive start on Monday, driven by easing concerns over the Israel-Iran conflict as Israel’s recent attack on Iran spared critical oil and nuclear infrastructure. Japanese markets led the gains, with the Nikkei 225 and TOPIX indices climbing 1.5% and 1.2%, respectively, as political uncertainty reduced …
Read More »Gold Retreats After Record Rally
Gold prices dipped slightly on Friday as investors took profits following a recent surge driven by Middle East tensions and U.S. election uncertainty. Despite this, palladium prices continued to climb, hitting a 10-month high.Spot gold fell 0.1% to $2,734.25 per ounce, after reaching an all-time high of $2,758.37 on Wednesday. …
Read More »EUR/GBP Remains Range-Bound Amid Mixed Signals
The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …
Read More »Lagarde: Need to be cautious in policy decisions
Speaking on the sidelines at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Wednesday, European Central Bank (ECB) President Christine Lagarde noted that they need to be cautious when asked about market expectations for further rate reductions.“We need to be cautious …
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