Commodities

Gold has surged to a new all-time high, demonstrating its role as a safe haven and bucking both the US Dollar and the jump in nonfarm payrolls. Geopolitical threats, physical demand, and US dollar-related fundamentals all continued to drive the price of gold. At the time of writing, gold price …

Gold prices caught their breath today, Friday, after a wave of record highs that lasted for five sessions and led the yellow metal to record gains for the third week in a row. This comes at a time when the market is awaiting non-farm payrolls data in the United States, …

Amidst a prevailing appetite for riskier assets, the US dollar witnessed another weak day on Thursday. This was before the announcement of important non-farm payrolls on Friday. The ECB Accounts opened the door to rate reduction in June, while Fed speakers maintained its cautious approach. The USD Index fell to …

During a meeting between US Secretary Janet Yellen in Guangzhou and Beijing, the US and China are anticipated to carry on their conversation on trade and investment. To keep up the dialogue, the two nations established formal economic working groups. Additionally, Yellen’s eating of a meal prepared with hallucinogenic “magic” …

Gold prices rose to a record level on Thursday, amid Federal Reserve officials confirming their expectations to cut interest rates in 2024, in addition to anticipating job data in the United States. Gold settled in spot transactions at $2,299.28 per ounce by 0343 GMT, after rising to an unprecedented level …

The weaker US dollar and falling US Treasury yields have kept gold prices anchored around $2,300. Fed Chair Powell’s suggestion that rates might be lowered this year, if inflation keeps falling, helped the XAU/USD Index rise. US Data Lifts Gold Price Precious metals are rising even if ADP data shows …

The price of oil kept rising, hitting a five-month high of around $90 per barrel. WTI and Brent crude are both up 0.24%. As of this writing, Brent crude is trading at $89.085 per barrel, while US crude is trading at $85.053 per barrel, up. This rise comes after OPEC …

Japan’s Nikkei index closed lower on Wednesday, affected by a decline in the shares of Fast Retailing, which owns the Uniqlo supermarket chain, in addition to a decline on Wall Street on Tuesday night. Shares of technology companies fell, tracking their counterparts in the United States, and the strong earthquake …

As European investors got back to work after the long Easter break, the US dollar declined from its recent highs, providing some much-needed relief in the risk-linked world. The USD Index (DXY) dropped to 104.70 from recent heights over 105.00 as a result of fresh selling pressure on the US …

Big Tech’s reign over the market might was remarkable since the onset of this year, but this pioneering role is facing a challenge now as assets linked to oil, and broadly energy are surpassing the performance of Wall Street’s Big Tech. After a stellar first quarter, energy stocks have roared …