Economic Report

Gold prices remained relatively unchanged on Friday, showing resilience despite the release of Retail Sales data in the United States. The precious metal, which had dipped to a two-month low the previous day, found support near its 100-day Simple Moving Average (SMA).While US Retail Sales data indicated continued consumer spending, …

Gold prices held steady during Asian trading on Friday but faced their worst weekly performance in more than three years. This decline comes as stronger-than-expected U.S. inflation figures and less dovish signals from the Federal Reserve have raised doubts about future interest rate cuts. The precious metal has also suffered …

The European Central Bank found itself at a crossroads during its October meeting, with policymakers divided over the evolving inflation landscape in the Eurozone. As the region grapples with sluggish economic growth, the central bank has been forced to navigate a delicate balancing act between stimulating growth and maintaining price …

Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its value since Election Day. Elon Musk’s business has grown to be a close buddy of Trump. Republicans may not instantly carry out their campaign pledges, even if they control the White House, Senate, and House …

A Perfect Storm for Gold Gold prices have taken a significant hit, plummeting nearly 7% in November, as a confluence of factors has eroded its appeal as a safe-haven asset. The recent US political landscape, coupled with economic and market dynamics, has created a perfect storm for the precious metal. …

Wall Street Rallies on Tepid InflationThe Dow Jones Industrial Average and S&P 500 climbed on Wednesday, buoyed by October’s consumer price index (CPI) report. The data, which showed inflation remaining relatively tame, reinforced expectations that the Federal Reserve will continue its path of interest rate cuts.A Closer Look at the …

Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …

Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …

Gold prices have experienced a sharp decline, falling below the crucial $2,600 level, as the US Dollar strengthens and Treasury yields rise. This downward trend is primarily driven by a combination of factors, including a less dovish Federal Reserve, escalating geopolitical tensions, and a shift in investor sentiment.A Strengthening Dollar …

The GBP/USD currency pair experienced a sharp decline on Tuesday, shedding nearly 1% of its value. This significant downward movement was primarily driven by a confluence of factors, including a strengthening US dollar, rising UK unemployment rates, and lingering concerns about the UK’s economic outlook.The GBP/USD pair is facing significant …