Gold slid to $5,075 per ounce on Thursday, erasing recent gains as the US Dollar gained strength. Investors turned to the Greenback following solid US jobs data and rising Treasury yields, which overshadowed geopolitical concerns in the Middle East.US Jobs Data Boosts Dollar, Pressures GoldThe latest US labor reports showed …
Read More »NFP Preview: US Payrolls Signal Labor Stability, Bolstering Fed Pause Bets
February US payrolls indicate a continued stabilization in the labor market, supporting expectations that the Federal Reserve will maintain its current interest rate stance. Nonfarm payrolls (NFP) are estimated to have slowed to 60,000 new jobs in February, down from January’s unexpectedly strong gain of 130,000. Private sector jobs contribute …
Read More »Gold Holds Steady as Stronger Dollar Caps Gains Despite Rising Middle East Tensions
Gold prices traded largely flat on Thursday, giving up earlier gains as the U.S. dollar rebounded, while ongoing conflict in the Middle East continued to support safe-haven demand for the precious metal. By 01:31 ET (06:31 GMT), spot gold was little changed at $5,142.98 per ounce, after climbing nearly 1% …
Read More »Oil Surges Above $84 as Middle East War Enters Sixth Day and Hormuz Risks Intensify
Oil prices jumped sharply in Asian trading on Thursday as the conflict in the Middle East entered its sixth day with no clear signs of de-escalation, fueling fears of significant supply disruptions from one of the world’s most critical energy-producing regions. By 01:01 ET (06:01 GMT), Brent crude futures rose …
Read More »Gold and Silver Surge as War Jitters Grip Markets and Safe-Haven Demand Returns
Gold and silver rebounded strongly as escalating geopolitical tensions pushed investors back toward traditional safe-haven assets. After days of heavy volatility, renewed uncertainty revived demand for precious metals, reinforcing their role as protection during periods of global stress.Gold prices climbed back above $5,100 per ounce, recovering from a sharp pullback …
Read More »War, Energy, and Markets: How the Middle East Conflict Is Rippling Through the Global Economy
The widening conflict in the Middle East is rapidly becoming a defining test for the global economy, with its ultimate impact hinging on how long the fighting lasts, how much damage it inflicts, and whether energy price shocks fade quickly or become entrenched. Policymakers and markets alike are watching a …
Read More »Gold Rebounds in Asia After Sharp Drop as Investors Reassess Dollar Surge and Iran Tensions
Gold prices rose in Asian trading on Wednesday, recovering part of the sharp losses from the previous session as investors reassessed safe-haven demand amid the escalating U.S.–Iran conflict and a powerful rally in the U.S. dollar. Spot gold climbed 1.2% to $5,150.63 per ounce by 01:45 ET (06:45 GMT), while …
Read More »Oil Climbs Above $83 as Middle East Conflict Deepens and Hormuz Risks Intensify
Oil prices jumped again in Asian trading on Wednesday, extending a powerful rally after two days of sharp gains, as escalating tensions between the United States, Israel, and Iran kept fears of supply disruptions firmly in focus. By 01:31 ET (06:31 GMT), Brent crude futures rose 2.7% to $83.62 a …
Read More »Oil Shock Lifts the Loonie: USD/CAD Slips as Energy Prices Surge
A sharp surge in global oil prices has shifted the tone in currency markets, pushing the Canadian Dollar higher and weighing on USD/CAD. The move followed a dramatic escalation in Middle East tensions, which disrupted traffic through the Strait of Hormuz — a critical route for global crude shipments. With …
Read More »Middle East Conflict Threatens New Energy Shock for the Eurozone
A prolonged conflict in the Middle East could deliver a fresh energy shock to the eurozone, raising inflation and slowing economic growth, according to a warning from the European Central Bank. Policymakers say that a sustained disruption to oil and gas supplies would quickly push up energy prices, with knock-on …
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