Gold has gained fresh momentum despite higher treasury yields. The precious metal’s price hit three- day high, and remains oblique, looking at the $1860 resistance.The US dollar pulled back during the American session boosting the Gold Index which climbed to $1859.70, reaching the highest level in three days. Gold is …

The WTI crude has recovered back above $120 after the latest US EIA inventory report showed gasoline stocks falling unexpectedly. Prices remain well supported against the backdrop of strong and rising demand plus OPEC+/Russia supply woes.Crude oil prices have been trading with an upwards trajectory in recent sessions and weeks, …

Risk aversion has been the one big title for financial markets during the North American trading session. The US dollar slid against major rivals in the last trading session of the day. Lower Treasury yields hindered demand for the dollar because the 10-y note yields 2.97%, after peaking earlier in …

Gold price has exhibited a minor correction after recording a high around $1,856.00 on Tuesday, but strongly stabilized above the crucial resistance of $1,850.00 as the US dollar index slipped sharply. The precious metal has been advancing higher gradually after hitting a low of $1,837.06 and is expected to extend …

Russian bombs destroyed the warehouses of one of the largest terminals for agricultural commodities at Mykolaiv port, authorities said on Tuesday.The attack coincided with Turkey’s attempt to develop a plan, supported by the United Nations, to start grain exports from Ukraine’s ports, and ahead of meetings on Wednesday by the …

A widely anticipated crypto regulation was unveiled on Tuesday. The draft law provides some long awaited clarity for crypto markets and provided definitions for most digital assets as commodities, giving most of the oversight to the Commodity Futures Trading Commission.Known as the Responsible Financial Innovation Act, the draft law was …

EUR/USD climbs to 1.0700 of the ECB policy decision The EUR/USD has pared some of Monday’s losses and is now testing the 50-day moving average to the upside on Tuesday during the North American session. At 1.0709, the EUR/USD pair exchanges hands on top of the previously-mentioned DMA at the …

The AUD/JPY pair is running into monthly resistance but prior highs near 102.80 will be eyed if the bulls stay within the current course. The yen is suffering a central bank deviation blow and a potential course shift. While investors worry over decades-high inflation, the Bank of Japan has decided …

At $1,850.06, the gold price is 0.45% higher and trading between a low of $1,837.06 and a high of $1,853.63 on the day so far. The markets are fairly volatile as traders weigh the indecisive outlook for global growth, the latest of which comes from the World Bank.”Global economic growth …

The United States faces “unacceptable levels of inflation” and an appropriate budgetary stance is needed to help dampen inflationary pressures without undermining the economy, Treasury Sec. Janet Yellen told senators on Tuesday.At a Senate Finance Committee hearing, Yellen pushed back against Republican assertions that the highest inflation in 40 years …