Gold prices climbed higher on Monday, trading up some 1.33% at $2667 per ounce, driven by a combination of factors:Geopolitical Uncertainty: The ongoing instability in the Middle East, particularly following the fall of the Bashar al-Assad regime in Syria, has increased demand for safe-haven assets like gold. Central Bank Buying: …

US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …

Federal Reserve Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving its inflation goals, the US central bank will still step in with additional rate hikes if price growth begins to spiral once again.Key QuotesThe labour market remains …

Federal Reserve Bank of Cleveland President Beth Hammack recently offered a nuanced perspective on the future trajectory of monetary policy. While acknowledging market expectations of a potential rate cut before the end of January, she indicated a preference for a more cautious approach.Hammack emphasized the need for a modestly restrictive …

The GBP/USD pair encountered a downward correction after reaching a one-month high of 1.2810. This decline was primarily driven by a stronger-than-expected US Nonfarm Payrolls report, which initially dampened the US Dollar’s strength. However, a subsequent surge in the US Consumer Sentiment Index bolstered the Greenback, reversing the earlier trend. …

The Euro retreated on Friday after a brief rally to the 1.0600 level. The pair closed the session near 1.0550, still holding above the crucial 20-day Simple Moving Average (SMA). This suggests that the short-term outlook for the EUR/USD remains cautiously optimistic, despite the recent pullback.Technical indicators present a mixed …

The US Dollar weakened significantly following the release of the November Nonfarm Payrolls report. The 227,000 jobs added, while still positive, fell short of market expectations. This, combined with recent economic indicators, has fueled speculation about a potential rate cut by the Federal Reserve in December.The market’s reaction was swift, …

Wall Street opened in a mixed state on Friday, with the Nasdaq and S&P 500 trading lower, while the Dow Jones Industrial Average edged slightly higher. This cautious market sentiment was primarily driven by the release of the November non-farm payroll report, which revealed a stronger-than-expected job growth of 227,000, …

Oil prices edged lower on Thursday as investors weighed OPEC+’s decision to extend its production cuts until April 2025 against a projected surplus in global supply for next year. Brent crude futures fell 0.3% to settle at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) crude futures declined 0.35% …

The upcoming release of the November Non-Farm Payroll (NFP) report is poised to be a pivotal moment for the US dollar and global financial markets. While consensus estimates point to a modest job growth of 200,000, the market’s focus will be on the underlying trends in wage growth, labour force …