Commodities

Gold prices dipped on Wednesday to their lowest level in nearly four weeks as investors awaited the Federal Reserve’s decision, which could shed light on the timeline for interest rate cuts. In spot transactions, gold edged down 0.1 percent to $2,284.44 per ounce by 0436 GMT, marking its lowest level …

Japan’s Nikkei index experienced a downturn on Wednesday as traders exercised caution ahead of the Federal Reserve’s monetary policy decision. Despite some recovery from early losses, the Nikkei concluded the day with a 0.3 percent decline, settling at 38,274.05 points. The broader Topix index also saw a 0.5 percent decrease, …

In the face of ongoing caution, the US dollar appreciated sharply ahead of Wednesday’s FOMC meeting. Weekly mortgage applications are due in the first turn on May 1. This is followed by the ISM Manufacturing PMI, the final S&P Global Manufacturing PMI, the ADP Employment Change, and construction spending. Ultimately, …

XAU/USD trades at $2,292, down by over 1.50% on Tuesday. The US Bureau of Labour Statistics reported a jump in the Employment Cost Index (ECI) for April, and American consumer sentiment deteriorated further. Gold prices dropped below the $2,300 threshold on Tuesday due to rising employment costs in the US, …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented and analyzed the most prominent market developments and the performance of the most important assets, in an interview on Dubai TV. US Interest Expectations, Federal Reserve Decisions:Asked about his expectations …

Gold is on track for its third consecutive month of gains despite experiencing a price decline on Tuesday. This was driven by a strengthening dollar ahead of the Federal Reserve’s monetary policy meeting. Spot gold fell by 0.6 percent to $2,320.54 per ounce by 06:32 GMT, while US gold futures …

On Tuesday, the Japanese Nikkei index surged, mirroring the strong performance of Wall Street the previous night. Investors eagerly awaited the outcome of the Federal Reserve meeting, seeking insights that could impact the Japanese currency exchange rate. The Nikkei climbed by 1.24 percent to close at 38,405.66 points. However, the …

The US dollar started the week on the back foot in a week where interest rate cut bets by the Fed would be in the focus of interest amidst the FOMC event and the release of Non-farm Payrolls data for April.The US dollar lost Friday’s gains due to the yen’s …

Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …

Gold prices fell on Monday as hopes for an early US rate cut this year receded, while focus turned to the Federal Reserve’s monetary policy meeting and the US non-farm payrolls data released this week to reveal more indicators on monetary policy. By 0334 GMT, gold prices in spot transactions …