Commodities

Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause. US 10-year Treasury yield rises to 4.062%, supporting the US …

Gold prices extended their decline in Asian trading on Wednesday, as growing expectations of slower rate cuts by the Federal Reserve weighed on the market. A stronger U.S. dollar, supported by rising Treasury yields, added pressure on metals. Spot gold slipped 0.2% to $2,615.90 per ounce, while December gold futures …

Oil prices slumped by more than 4% early on Tuesday as traders have yet to see an actual supply disruption in the Middle East while focusing on China’s underwhelming demand again.Both benchmarks, WTI Crude and Brent Crude, were down by about 3% as of 9:30 a.m. EDT on Tuesday. The …

The (XAU/USD) Index exchanges hands in the $2,620s on Tuesday as the yellow metal reaches the floor of its familiar $50 range of recent weeks.Disappointment at the limited extent of fiscal stimulus announced by China on Tuesday is a headwind for Gold, since China is the world’s largest consumer of …

Gold prices remained stable in Asian trading on Tuesday after retreating from record highs, as investors reassessed the likelihood of smaller interest rate cuts by the Federal Reserve. Meanwhile, copper prices dropped sharply as Chinese markets reopened following a week-long holiday, with disappointment over Beijing’s implementation of its stimulus measures …

The US Dollar Index (DXY) traded mixed on Monday as investors continued to grapple with rising geopolitical tensions in the Middle East and the implications of Friday’s strong jobs report. Despite higher US yields, the DXY remained near recent peaks above 102.00.Key Economic Events for Tuesday, October 8:US: NFIB Business …

For years, Chinese industrial orders helped create and support thousands of well-paid jobs in Germany. But the Asian giant’s economic slowdown has led to lower demand for German goods and dampened growth prospects.China has long been a key market for German industrial companies, especially in the automotive and machinery sectors.The …

Digital asset investment products witnessed outflows totaling $147 million last week.Bitcoin ETFs were the center of focus, with $159 million in outflows after heightened Middle East war tension. Ethereum also saw outflows of $29 million, while Solana and multi-asset products recorded inflows.Bitcoin (BTC) is trading around the $63,000 level on …

Gold prices edged lower in Asian trading on Monday, retreating from recent record highs as stronger-than-expected U.S. payroll data tempered expectations for a significant interest rate cut by the Federal Reserve. The precious metal declined after the robust jobs data sent the U.S. dollar and Treasury yields higher, with traders …

Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertainty surrounding four key factors: the US labour market, East Coast port strikes, Middle Eastern tensions, and the impending US presidential election. However, the previous trading week brought a glimmer of relief, as the US nonfarm …