Gold prices plummeted by 2.71% on Wednesday, dropping from a daily high of $3,386 to $3,287.94, shedding $91.43. The decline was driven by a surge in risk-on sentiment, fueled by hopes of de-escalating US-China trade tensions and reassuring comments from President Donald Trump about Federal Reserve Chair Jerome Powell. The …

The US Dollar Index (DXY) struggled to maintain momentum on Wednesday, hovering near 99.50 after relinquishing early gains from Asian trading. A combination of mixed economic data, uncertainty surrounding US trade policies, and a gloomy Federal Reserve Beige Book weighed on the Greenback. The DXY’s failure to sustain a push …

On April 23, 2025, IBM announced its first-quarter results, delivering earnings and revenue that exceeded analyst expectations. Despite a dynamic economic landscape, the company upheld its full-year financial guidance, reflecting confidence in its strategic focus on hybrid cloud and artificial intelligence (AI). IBM’s stock has outperformed the broader tech market …

The USD/CAD currency pair is trading steadily around the 1.3800 level during Wednesday’s North American session, posting modest gains after touching a six-month low earlier this week. The pair remains locked in a narrow range, with the Canadian Dollar (CAD) showing little volatility. Traders are sifting through recent economic data …

The US dollar continues its upward trajectory, buoyed by optimism surrounding a potential breakthrough in the ongoing trade dispute between Washington and Beijing, which has escalated into a full-fledged trade war. This positive sentiment stems from encouraging developments in trade tensions reported on Tuesday.US trade officials expressed confidence in achieving …

The British Pound (GBP) faced downward pressure against the US Dollar (USD) this week, slipping below the 1.3300 mark to a four-day low of 1.3230 before recovering slightly to 1.3289, reflecting a 0.28% decline. This movement comes as the US Dollar strengthens, fueled by positive economic data and easing concerns …

The US economy is navigating a challenging landscape in April 2025, as evidenced by the latest S&P Global Flash PMI data, which reveals a significant slowdown in business activity alongside intensifying inflationary pressures. The manufacturing PMI edged up to 50.7 from 50.2 in March, surpassing expectations of 49.1 and indicating …

Tesla’s stock soared nearly 6% in early trading on April 23, 2025, reaching $251.41, even though the electric vehicle giant reported first-quarter earnings that fell significantly short of expectations. Investors appeared to shrug off the disappointing results, focusing instead on optimistic remarks from the company’s CEO during a pivotal earnings …

US. stocks soared on Tuesday, rebounding from a turbulent Monday, as investors pinned their optimism on signs of potential de-escalation in global trade tensions. The S&P 500 and Dow Jones Industrial Average each climbed over 1.5%, while the tech-heavy Nasdaq surged by more than 1.8%. The rally was fueled by …

Gold prices slid $100 from a record high of $3,500, retreating to around $3,400, down 0.63%, as US Treasury Secretary Scott Bessent signaled a de-escalation with China, boosting market optimism and curbing demand for safe-haven assets. Despite the pullback, gold remains up 29% year-to-date, driven by Federal Reserve uncertainty, trade …