Gold prices edged higher in Asian trading on Wednesday, gaining 0.5% to reach $2,609.90 an ounce after recent declines driven by a strong U.S. dollar in the wake of Donald Trump’s re-election. Gold futures, however, dipped 0.4% to $2,615.70 an ounce as of early trading. The yellow metal’s recovery comes …

Oil, Crude, trading

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Oil, Crude, trading

US crude oil futures experienced mixed trading, attempting to pare losses after reaching a low of $67.78 per barrel. From a technical standpoint, oil prices remain under negative pressure, driven by continued movement below the simple moving averages. Additionally, the price is currently stabilizing below the key resistance level at …

Gold prices faced significant selling pressure during the previous trading session, aligning with our anticipated bearish outlook. The metal reached the official target of the ongoing downtrend at $2589 per ounce, marking its lowest point at $2589. On the technical side, gold has established a solid support base around $2589, …

The Euro continues to decline, pressured by the strengthening US dollar. The pair reached the initial target outlined in our previous report at 1.0600, with the lowest recorded level at 1.0595. From a technical perspective, examining the 240-minute chart reveals persistent negative pressure from the simple moving averages, which act …

Investor confidence in Germany took a notable hit in November, clouded by the combined impact of domestic political turmoil and global economic uncertainties stemming from Donald Trump’s re-election as U.S. president. The ZEW Institute reported a substantial decline in its economic sentiment index, which dropped to 7.4 points from 13.1 …

Oil prices remained largely unchanged on Tuesday, with investors holding off major moves ahead of OPEC’s anticipated monthly report. Market sentiment was also shaped by China’s recent underwhelming stimulus measures and continued oversupply concerns. As of 07:45 GMT, Brent crude futures inched up 4 cents to $71.87 per barrel, while …

The U.S. dollar continued its upward momentum on Tuesday, reaching a four-month peak as financial markets factored in the impact of an incoming Donald Trump administration and a potentially more hawkish Federal Reserve stance. At 04:00 ET (09:00 GMT), the Dollar Index, which measures the currency against a basket of …