Gold price dips slightly as uncertainty around US debt-ceiling discussions causes US Treasury bond yields to rise, negatively impacting XAU/USD’s recovery. Despite productive talks between President Biden and House Speaker Kevin McCarthy, an agreement on raising the debt ceiling is yet to be reached. US is set to run out …

The Wall Street indexes were down on Tuesday as negotiations to raise the US debt ceiling continued, putting investors on edge about the possibility of a historically large government default. According to S&P Global statistics, the US economy experienced significant growth in the services sector in May, driving business activity …

US new home sales jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in prices from last year’s lofty levels. The Commerce Department report followed on the heels of data showing a surge in permits for …

Tuesday saw a rally in oil prices, and a bullish triangle appeared on the 4-hour chart, indicating that the bearish trend might be changing. The release of API inventory data later on Tuesday may cause some volatility in the movement of Crude Oil prices. A recent EIA report highlights increased …

The Chinese ban’s impact on US Micron will vary depending on how China defines critical information structure. Without Micron products, Chinese companies are likely to turn to South Korean chip makers like Samsung. Micron Technology, the largest US memory chip maker, is assessing its losses following a partial sales ban …

As a result of equities and bonds doing poorly, the US Dollar Index erased the losses it had incurred on Monday. After mixed sector readings for the Purchase Manager’s Index were released, with Services remaining robust and Manufacturing shrinking, the dollar has maintained its gains. The dollar has stabilised and …

Gold’s gains from Friday were partially reversed, with XAU/USD slipping towards $1,970/oz. Additionally falling, silver finished the day at $23.60. The performance of cryptocurrencies was uneven, with BTC/USD failing to recoup $27,000. Prices for crude oil increased somewhat; WTI got close to $72.00. On a quiet Monday in the financial …

Wall Street closed mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.President Joe Biden and top congressional Republican Kevin …

Oil price opens the new trading week lower on concerns linked to the outlook of global trade will likely be be impacted by geopolitical wrangling at G7 summit.  China provokes the United States by banning US-manufactured micro chips. Oil recovers after US Dollar weakens on continued debt-ceiling uncertainty as talks …

Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price. The most famous crypto asset, though trading at $26859.14 at the time of writing, is amid an ongoing conflict between buyers and sellers, which typically precedes periods of extreme price volatility and is …