The Dow Jones Industrial Average (DJIA) cratered 800 points on May 21, 2025, sliding below 42,000 as investors grappled with soaring US deficits and tariff uncertainties under President Donald Trump. Closing at 21.161, per real-time data, the index reflects growing unease over a $36 trillion debt pile and fading hopes …
Read More »Gold Stays Above $3,300 as US Debt Crisis and Middle East Tensions Fuel Demand
Gold held firm above $3,300 per ounce on May 21, 2025, trading at $3,307, driven by a US debt downgrade and escalating Middle East tensions. The US Dollar Index (DXY) fell 0.52% to 99.49, battered by Moody’s downgrade and fears over President Donald Trump’s $3.8 trillion tax bill. Despite a …
Read More »Oil Prices Slip as US Stockpiles Surge and Middle East Tensions Simmer
Oil prices dipped on May 21, 2025, with Brent crude falling to $65.26 per barrel and WTI crude to $61.94, following a bearish US government report showing unexpected inventory builds. Despite earlier gains driven by fears of Middle East supply disruptions, the data cooled market optimism ahead of the US …
Read More »US Economic Gloom Persists Despite Trade Truce, Debt Woes Mount
The US economy faces a grim outlook despite a fleeting US-China trade truce, with deficits soaring and inflation stubbornly high as of May 21, 2025. A Reuters poll reveals unanimous concern over President Donald Trump’s policies, which threaten to deepen fiscal strain following Moody’s downgrade of US sovereign debt. Growth …
Read More »U.S. Stock Futures Decline Amid Economic Jitters, Tariff Risks, and Focus on Trump’s Tax Bill
U.S. stock index futures extended their losses early Wednesday, reflecting mounting investor anxiety over the state of the U.S. economy, the implications of fresh trade frictions, and uncertainty surrounding President Donald Trump’s proposed tax legislation. At 05:30 ET (09:30 GMT), Dow Jones Futures dropped 265 points, or 0.2%, while S&P …
Read More »Bitcoin Nears Record High as U.S. Senate Advances Stablecoin Bill, But Trade and Fed Concerns Linger
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 …
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