Commodities

Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell’s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed’s approach, prioritizing both inflation control and labor market health for a balanced economic recovery. …

The U.S. dollar found its footing on Friday after a sharp decline to a one-month low, triggered by softer-than-expected inflation data that fueled expectations of a September rate cut by the Federal Reserve. However, the broader foreign exchange markets remained cautious due to volatility in the Japanese yen, which strengthened …

Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …

US Dollar Dives on Soft US Inflation: The US Dollar Index (DXY) plunged to multi-week lows around 104.00 after disappointing Consumer Price Index (CPI) data and falling US yields. This data fueled speculation of the Federal Reserve cutting interest rates as early as September, sending the Dollar tumbling. Today (July …

The financial markets have been wildly volatile this week, with notable swings in the price of gold, Bitcoin, and the British pound (GBP) caused by a variety of circumstances. Let’s examine the main forces at work in their performance and look forward.Dynamic Interplay The complex interplay among economic data, expectations …

Gold prices continued their upward trend in Asian trading on Thursday, buoyed by a weaker dollar and declining Treasury yields as expectations of U.S. interest rate cuts gained momentum. The precious metal also benefited from reports of central banks in emerging markets increasing their gold reserves and dovish comments from …

Oil prices continued their upward trend in Asian trade on Thursday, bolstered by a weakening dollar ahead of key U.S. inflation data and expectations of tighter global supplies. Dollar Weakness and Rate Cut Bets The dollar experienced steep losses this week as investors focused on upcoming consumer price index (CPI) …

Amid lower US Treasury yields, the USD Index (DXY) maintained the vacillating attitude just over the 105.00 level. The weekly Initial Jobless Claims report, lectures by Fed members Cook and Bostic, and the announcement of the US Inflation Rate take center stage on July 11. The EUR/USD pair somewhat recovered …

Gold surges amid growing expectations of Fed rate cuts in September. US 10-year Treasury yield drops to 4.288%, while US Dollar Index falls below 105.00. Inflows into Gold ETFs support the metal, with eyes now on US June inflation data and economic indicators.Gold price escalated on Wednesday for back-to-back days …

As inflationary pressures persist worldwide, commodities have emerged as a focal point for investors seeking stability and growth. Among the trio of silver, oil, and gold, each commodity tells a unique story of resilience and opportunity.Industrial DynamoSilver, often dubbed the “poor man’s gold,” has surged approximately 22.5% in the first …