US stock indexes hit fresh one-month lows on Monday, adding to a sharp selloff last week as investors worried about the Fed’s plan to keep raising interest rates in its fight against inflation even if the cost is an economic slowdown.At 11:43 a.m. ET, the Dow Jones Industrial Average (.DJI) …

The European Central Bank is prepared to at least repeat the half-point increase in interest rates it delivered last month, with an even bigger move not to be excluded as inflation nears yet another record.That is one message from ECB officials who joined Fed’s annual Jackson Hole symposium, which wrapped …

Swiss franc among worst performers amid higher treasury yields. The USD/CHF pair has broken key range and extends rally. EUR/CHF is currently at the highest level in 11 days; holding onto daily gains. The pair peaked during the Asian session at 0.9707 and then pulled back, finding support at 0.9655/60.The …

Gold price bounced from five-week lows on Monday, amidst a downbeat market mood, after last Friday’s hawkish remarks by Federal Reserve Chair Jerome Powell, spurred a fall in equities, propelling the greenback and US Treasury bond yields to fresh weekly highs. At the time of writing, XAU/USD is trading at …

Goldman Sachs Group has urged financial market players to pile into commodities as most recession risks coursing through global markets are exaggerated. The group’s argument is that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals.With oil the commodity of last resort in an era …

International Energy Agency Chief Fatih Birol said on Monday that Russia’s oil production hasn’t fallen as much as previously expected because it managed to find new markets outside Europe and added domestic demand remained robust, per Reuters. “Going forward, it would be difficult for Russia to maintain oil production due …

Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …

After dropping nearly $25 following the highly anticipated speech by Federal Reserve Chair Jerome Powell, gold could be at risk of falling to $1,600 an ounce unless buyers step in to buy the dip, according to analysts. The Fed chair wants to avoid the mistakes of the 1970s, which is …

Jerome Powell’s comments, before Jackson Hole Symposium, have fuel 1,000-point market collapse, on Friday, as stocks slid for a second week. US equities fell after Powell had said the US central bank “won’t back off in its fight against rapid inflation”. The Dow Jones Industrial Average dropped 1,008.38 points, or …

Oil prices closed higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings from the head of the US Federal Reserve about economic pain ahead.Brent crude futures rose $1.65 to settle at $100.99 a …