Commodities

Gold prices steadied in Asian trade on Thursday after two consecutive days of gains, supported by safe-haven demand amid uncertainty over a hawkish Federal Reserve and concerns about President-elect Donald Trump’s potential trade tariff policies. Spot gold dipped slightly by 0.1% to $2,660.36 an ounce, while February gold futures gained …

West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading on Thursday, pressured by a strengthening US Dollar. While a firmer greenback typically weighs on dollar-denominated commodities like oil, concerns over potential supply disruptions from ongoing geopolitical tensions are likely to limit downside price …

Gold prices climbed during the North American session, buoyed by a slightly hawkish tone in the latest Federal Reserve meeting minutes. The minutes suggested that the pace of interest rate cuts may slow down, a development that typically supports gold as a hedge against inflation.While the US Dollar Index strengthened, …

Oil prices gained on Wednesday, supported by tightening supplies from Russia and OPEC members, along with robust U.S. economic data suggesting potential growth in oil demand. Brent crude rose 0.5% to $77.42 per barrel by 07:30 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 0.6% to $74.69. A Reuters …

The resilience of the U.S. job market, highlighted by a surge in job openings to 8.10 million in November, is casting a shadow over gold’s prospects. This unexpected strength in labor demand, exceeding economist forecasts, has dampened gold’s initial rally.The robust job market strengthens the Federal Reserve’s case for a …

Gold prices rallied on Tuesday, driven by concerns over a surge in US debt issuance and the potential impact on interest rates. The market is closely watching a series of large US Treasury bond auctions this week, particularly the 10-year and 30-year bonds. Fears are mounting that the high volume …

Oil prices extended their losses for a second consecutive session on Tuesday as optimism over global demand faded. Brent crude futures dipped by 0.2% to $76.08 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 0.3% to $73.31 per barrel as of 0804 GMT. This decline follows a drop …

In an interview conducted by CNBC Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analysed key assets’ performance in the financial markets. Q: The year 2024 was remarkable for U.S. indices, with the Dow …

Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and a member of the American Association of Technical Analysts, highlighted that markets are closely. Q: Let’s start with gold prices, which recorded significant gains over the past year. Do current conditions …

Trump Denies Report on Critical-Only Tariff Plans, Markets Rally US President-elect Donald Trump has denied a newspaper story claiming that his aides were exploring tariff ideas that would only cover key goods. The news published earlier, on Monday, citing three sources familiar with the matter, reported that Trump aides were …