European stocks traded lower on Monday, pressured by a sharp selloff in precious metals that unsettled investors at the start of a busy week featuring major corporate earnings, central bank meetings, and key economic data. By 03:05 ET (08:05 GMT), Germany’s DAX fell 0.4%, France’s CAC 40 slipped 0.5%, and …
Read More »Bitcoin Slides to Near 10-Month Low as Liquidations Surge and Fed Uncertainty Deepens
Bitcoin traded near its weakest level since April on Monday after a sharp weekend sell-off dragged prices toward the $75,000 mark, as heavy liquidations in leveraged positions and mounting macro uncertainty continued to weigh on sentiment. The world’s largest cryptocurrency was down 2.3% at $77,133.4 by 21:25 ET (02:25 GMT), …
Read More »Gold Slides Further as Profit-Taking Intensifies After Warsh Fed Nomination
Gold prices fell sharply on Monday, extending steep losses from the previous session as investors locked in profits and reassessed the outlook for U.S. monetary policy following President Donald Trump’s nomination of a new Federal Reserve Chair. Spot gold dropped as much as 5% to $4,586.16 per ounce, while April …
Read More »Oil Slips After U.S. Eases Venezuela Sanctions, But Set for Strong Monthly Gains on Geopolitical Risks
Oil prices fell on Friday after the Donald Trump administration moved to ease some sanctions on Venezuela’s energy sector, although crude was still on track for hefty monthly gains driven by heightened geopolitical tensions and supply disruption fears. By 08:55 ET (13:55 GMT), Brent futures for March delivery were down …
Read More »Gold Slides Below $5,000 as Dollar Strengthens Ahead of Fed Chair Announcement
Gold prices plunged sharply on Friday, breaking below the $5,000 level as a rebound in the U.S. dollar triggered heavy profit-taking following a historic rally driven by safe-haven demand. Spot gold fell as much as 8% during the session, touching $4,957.54 an ounce, before trimming losses to trade down 5% …
Read More »German Unemployment Hits 12-Year High Despite Economic Resilience
The number of unemployed people in Germany rose above the 3 million mark this month, reaching its highest level in 12 years, underscoring persistent weakness in the labor market despite stronger-than-expected economic growth in recent months. Data from Germany’s labor office on Friday showed unemployment increased by 177,000 in January …
Read More »Bitcoin Slides to Two-Month Low as Liquidations Surge and Fed Uncertainty Weighs
Bitcoin fell sharply on Friday, dropping to its lowest level in more than two months as forced liquidations swept through leveraged positions and investors reacted to uncertainty around U.S. Federal Reserve leadership. The world’s largest cryptocurrency was down 6.4% at $82,620 by 02:15 ET, after touching a session low near …
Read More »Gold Slides on Profit-Taking as Trump Signals Imminent Fed Chair Pick
Gold prices fell sharply again in Asian trade on Friday, extending a bout of profit-taking after U.S. President Donald Trump said he will announce his nominee for the next Federal Reserve chair later in the day. Spot gold dropped 3.6% to $5,180.26 an ounce by 01:28 ET, while April gold …
Read More »U.S. Jobless Claims Stay Low as Hiring Slows and Household Anxiety Grows
New applications for U.S. unemployment benefits edged slightly lower last week, pointing to continued restraint in layoffs, even as weak hiring deepens concerns among households about the labor market. Initial claims fell by 1,000 to a seasonally adjusted 209,000 in the week ended January 24, the Labor Department said Thursday. …
Read More »U.S. Futures Edge Higher as Fed Pause and Tech Earnings Shape Market Mood
U.S. stock futures inched higher on Thursday as investors weighed a mixed round of mega-cap technology earnings alongside the Federal Reserve’s decision to keep interest rates unchanged. By 05:25 ET, Dow Jones futures were up 60 points, S&P 500 futures gained 16 points, and Nasdaq 100 futures rose 85 points. …
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