Oil prices experienced an upward surge on Thursday, driven by a combination of factors contributing to market optimism. Data revealing a substantial drop in US crude inventories, coupled with the Chinese central bank’s decision to reduce the reserve requirement ratio for banks, generated positive sentiment and heightened hopes for continued …
Read More »Market Drivers – US Session, Jan. 24
A growing appetite for riskier assets caused gold prices to retreat during the North American session, closing in on the $2010 area. The recovery of interest in the risk complex put pressure on the dollar and drove the EUR/USD pair above 1.0900. News of further stimulus in China from the …
Read More »WTI surges into $75.50 after EIA report
Crude oil prices surged on the energy markets after US supplies fell more than anticipated. The US’s crude stockpiles saw a sharp decline, but refined petrol saw an increase, according to the EIA. Logistics for crude oil were hindered by the cold, but demand is predicted to rise due to …
Read More »Oil Prices Navigate Geopolitical Tensions and Market Dynamics
In a nuanced dance between geopolitical tensions, demand considerations, and currency dynamics, oil prices exhibited mixed movements on Wednesday. The March contract for Brent crude managed a modest rise of four cents, reaching $79.59 per barrel, while US West Texas Intermediate crude mirrored the increase, ticking up four cents to …
Read More »Gold recovers its losses ahead of US economic data
Gold prices stabilized on Wednesday, recovering from early losses. This coincided with a decline in the dollar from its six-week high and investors awaiting the release of upcoming US economic data. In spot transactions, gold settled at $2,029.39 per ounce, while US gold futures rose 0.2 percent to $2,030.50. The …
Read More »Gold shines as dollar declines amid anticipation of central bank decisions
Gold prices saw an increase on Tuesday as the US dollar weakened, with investors anticipating interest rate decisions from various central banks and key economic data from the United States later in the week. In spot transactions, gold rose by 0.5 percent to $2,030.64 per ounce by 0545 GMT, and …
Read More »Oil stabilizes amid mixed indicators regarding supplies
Oil prices experienced minimal changes on Tuesday as traders grappled with conflicting data on supply and demand, amidst rising tensions in the Middle East and disruptions to production in the United States due to cold weather issues. As of 03:53 GMT, Brent crude futures dipped by two cents to $80.04 …
Read More »Gold holds above $2,020 ahead eof key central bank meetings
Gold prices remain range-bound at $2021.48, trading at the time of writing. Markets are cautious ahead of a busy week of policy meetings with central banks, including the Bank of Japan. The US Dollar Index moves in a tight range around 103.32. The Fed Funds Futures market sees no change …
Read More »Noor Capital | Interview with Mohammad Hashad on Dubai TV – January 22, 2024
Noor Capital | Interview with Mohammad Hashad on Dubai TV – January 22, 2024Mohammed Hashad, Head of Research and Development at Noor Capital, and member of the US Association of Technical Analysts, commented on the key developments across markets and the performance of the most important assets, in an interview …
Read More »Gold is heading for its worst performance in six weeks
Gold prices are experiencing a global decline in current trading moments on Monday. Traders are eagerly awaiting the release of the Federal Reserve’s preferred inflation measure later this week, a factor that could impact the central bank’s decisions on interest rates and market expectations for the upcoming weeks. Last week, …
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