Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-EU trade tensions and weaker-than-expected U.S. inflation data, which bolstered expectations of potential Federal Reserve rate cuts. Key Gold Price Movements: Spot Gold: $2,986.62/oz, after hitting a record high of $2,993.90/oz earlier. Gold Futures (April): …
Read More »U.S. Jobless Claims Decline, Indicating Continued Labor Market Strength
Initial Jobless Claims in the U.S. fell to 220K, coming in below expectations and marking a slight decrease from the previous week’s revised 222K figure, according to the U.S. Department of Labor (DOL). Key Labor Market Data: Initial Jobless Claims: 220K (vs. 221K expected, prior revised to 222K). Continuing Jobless …
Read More »U.S. Producer Price Growth Slows in February, Easing Inflation Concerns
U.S. producer prices rose at a slower-than-expected annualized rate in February, signaling cooling inflation pressures that could influence the Federal Reserve’s monetary policy stance amid economic uncertainty linked to Donald Trump’s trade policies. Key Producer Price Index (PPI) Data: Annual PPI Growth: 3.2% (vs. 3.3% expected), down from 3.7% in …
Read More »IEA Lowers Oil Demand Growth Forecast Amid Global Economic Concerns
The International Energy Agency (IEA) has revised its oil demand growth estimates for Q4 2024 and Q1 2025, citing worsening macroeconomic conditions driven by global trade tensions. Revised Oil Demand Forecasts The agency now expects global oil demand to increase by 1.03 million barrels per day (bpd) in 2025, down …
Read More »Forex Report: Euro and Pound Hold Near Multi-Month Highs as Dollar Remains Under Pressure
The euro and the British pound remained near their multi-month highs against the U.S. dollar on Thursday, as concerns over slowing U.S. economic growth and escalating trade tensions weighed on the greenback. The euro was last seen at $1.0880, slightly lower but still near its five-month high earlier in the …
Read More »Bitcoin Recovers Amid Softer U.S. Inflation, But Trade War Concerns Persist
Bitcoin rebounded on Thursday, extending its recovery from recent losses, as cooling U.S. inflation data bolstered sentiment. However, gains remained limited due to trade war fears and ongoing recession concerns. The world’s largest cryptocurrency rose 1.8% to $83,511.6 by 01:27 ET (05:27 GMT), following a slight improvement in risk appetite …
Read More »Gold Rises as Cooling U.S. Inflation Fuels Rate-Cut Bets
Gold prices climbed in Asian trading on Thursday, supported by weaker-than-expected U.S. inflation data, which reinforced expectations of interest rate cuts by the Federal Reserve. Spot gold rose 0.4% to $2,945.18 per ounce, while gold futures for April delivery edged 0.2% higher to $2,953.62 per ounce as of 00:56 ET …
Read More »Dow Jones may continue to fall 13/3/2025
Oil, Crude, trading
Read More »CAD maintains negative stability 13/3/2025
The USD/CAD pair has been under bearish pressure after encountering strong resistance near 1.4485, leading to a downward bias. A close examination of the 4-hour chart reveals emerging negative signals on the Stochastic indicator, along with price stability below 1.4470, reinforcing the possibility of a bearish continuation. If the bearish …
Read More »GBP continues to advance 13/3/2025
Oil, Crude, trading
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