Gold prices extended strong gains in Asian trading on Tuesday, as a renewed wave of U.S. tariff announcements underpinned safe-haven demand for the metal, while investors remained on edge ahead of the Federal Reserve’s policy decision later in the day. Spot gold rose 1% to $3,366.95 per ounce by 02:16 …
Read More »Oil Prices Rebound Over 1% After Six-Day Slump, But Surplus Concerns Linger
Oil prices rose on Tuesday, recovering slightly from sharp losses in the previous session as traders took advantage of lower prices and returning Chinese markets supported buying sentiment. Brent crude rose $0.92 to $61.15 a barrel by 03:09 GMT. WTI crude gained $0.89 to $58.02 a barrel. Key Drivers: Monday’s …
Read More »Lutnick’s Trade Deal Tease Sparks Hope as US Pushes Global Markets to Open Up
The US is gearing up for a flurry of trade deals, with Commerce Secretary Howard Lutnick signaling imminent agreements on May 5, 2025, though details remain elusive. President Donald Trump’s administration is pressing for open markets worldwide, but complex negotiations, particularly with Canada, are clouding the outlook. As markets grapple …
Read More »Gold Rockets Past $3,320 as Dollar Dives and Fed Meeting Looms
MGold is blazing a trail above $3,320, surging over 2.47% as the US Dollar crumbles and markets brace for the Federal Reserve’s May 6-7, 2025, meeting. Despite upbeat US economic data signaling resilience, rising Treasury yields, and tariff-driven inflation fears, gold’s bullish momentum is unstoppable. With the Fed expected to …
Read More »European Stocks Steady as Markets Await US-China Trade Developments and Fed Meeting
European shares traded largely flat on Monday, with investors focused on upcoming U.S.-China trade talks, key corporate earnings, and the U.S. Federal Reserve’s policy decision later this week. STOXX 600 index: Up 0.1% as of 08:29 GMT, breaking above its April 2 level for the first time since U.S. President …
Read More »Oil Prices Drop Sharply as OPEC+ Announces Large Output Increase
Oil prices fell significantly in Asian trading on Monday, after OPEC+ surprised markets by announcing a bigger-than-expected production hike for June. This development added to ongoing concerns about a supply glut and weakening global demand. Brent crude fell by 3.6% to $59.10 per barrel West Texas Intermediate (WTI) dropped by …
Read More »Gold Rebounds Modestly as Dollar Weakens, But Trade Optimism and Fed Caution Limit Upside
Gold prices edged higher in early Asian trading on Monday, recovering from last week’s losses as the U.S. dollar softened. However, gains were capped by growing optimism around potential U.S.-China trade talks and investor caution ahead of this week’s Federal Reserve policy meeting. Spot Gold rose 0.5% to $3,255.95 per …
Read More »Financial Markets’ Weekly Recap: US Economy, Earnings, Growth, and Jobs in Focus
North American Markets: Seizing Opportunities in VolatilityNorth American financial markets reflect a tale of resilience and divergence. The US economy shows strength in earnings and jobs but faces tariff-driven stagflation risks. In the Eurozone, GDP grew by 0.3% in Q1 2025, supported by increased consumer spending in Germany and France, …
Read More »Gold Stabilizes as Investors Pivot to Dollar and Bonds Amid Economic Shocks
Gold prices are buckling under pressure, sliding to $3,225 per ounce, before stablizing at the $3,240 mark, despite economic red flags that should have sent investors scrambling for safe havens. A surprise GDP contraction and mixed US jobs data failed to ignite a rally, as traders instead poured into the …
Read More »Gold Edges Higher as Dollar Softens, but Weekly Loss Looms Amid Trade Optimism
Gold prices rose modestly in Asian trading on Friday, buoyed by a slight pullback in the U.S. dollar ahead of key labor market data, although the metal remained on track for a weekly loss amid signs of easing trade tensions between the U.S. and China. As of 01:53 ET (06:53 …
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