Commodities

As investors continued to process the most recent FOMC meeting and the prospect of three rate reduction by the Fed this year, risk aversion made a comeback on Thursday across markets and traded assets, giving the dollar additional impetus. Apart from that, the BoE maintained rates and hinted at potential …

On Thursday, the price of gold fell again, giving up some of its previous gains. The US dollar strengthened and US Treasury yields increased throughout this decline. The market’s change was influenced by the Federal Reserve’s decision on monetary policy on Wednesday. Even if the Fed recognized a robust economy …

Oil prices rose on Thursday after falling in the previous session, supported by a decline in crude and gasoline inventories in the United States after indications that the Federal Reserve (the US central bank) may keep interest rates high for a longer period, affecting expectations for future fuel demand. By …

Gold prices surged to unprecedented levels on Thursday, driven by a decline in the dollar and bond yields following the Federal Reserve’s decision to maintain expectations of three interest rate cuts this year. The allure of gold strengthened as low interest rates diminished the opportunity cost of holding non-yielding bullion …

The US Dollar Index (DXY), which had earlier risen above 104.00, eventually dropped later on Wednesday after FOMC decision, hitting lows of 103.00s. FOMC decision, to keep interest rate unchanged in March, significantly had an impact on market mood including the performance of US stocks as well as gold prices.Economic …

The Federal Reserve maintained its monetary policy unchanged at the recently concluded Federal Open Market Committee (FOMC) monetary policy meeting, as anticipated. At 5.25% to 5.50%, the main Fed Funds interest rate range remained unchanged. It seems that the FOMC statement took a moderate stance on policy, neither being very …

Gold prices remained steady on Wednesday as traders braced themselves for a pivotal monetary policy decision from the Federal Reserve, along with remarks from Chairman Jerome Powell. These events are anticipated to offer crucial insights into the outlook for interest rate adjustments throughout the year. At the close of spot …

In early Asian trading on Wednesday, oil prices experienced a decline, influenced by a strengthening dollar, which dampened investor sentiment, particularly following recent rallies that propelled both benchmark crude oils to multi-month highs over the past two sessions. Price Movements Brent crude futures for May delivery dipped by 19 cents, …

The US Dollar continued its recent strength, pushing the USD Index (DXY) above 104.00 earlier on Tuesday, though the gain was short-lived and it was last seen at 103.871. All eyes are now focusing on the Federal Reserve’s interest rate decision later Wednesday, along with their economic projections and Chair …

Gold prices lost 0.13%, trading at $2157.575 at the time of writing. Gold retreated on Tuesday as the US Dollar strengthened ahead of the Federal Reserve’s highly anticipated policy meeting on Wednesday. Key Factors Influencing Gold A robust US Dollar makes gold a less attractive investment, as gold is priced …