Commodities

Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

Oil prices saw a slight uptick in early trading on Monday, supported by growing expectations of an interest rate cut by the U.S. Federal Reserve later this week. However, the gains were tempered by ongoing concerns about weak economic data from China and demand uncertainties. Brent and U.S. Crude Prices …

Gold prices surged to a record high in Asian trading on Monday, driven by heightened speculation that the Federal Reserve may cut interest rates more aggressively later this week. Adding to the bullish sentiment for safe-haven assets were reports of a second assassination attempt on Republican presidential nominee Donald Trump, …

Gold prices have been on a remarkable ascent, reaching new all-time highs as investors flock to the precious metal amid a confluence of favorable factors. The combination of a weakening US Dollar, rising geopolitical tensions, and increasing expectations for a bolder Fed rate cut has propelled gold prices to unprecedented …

Oil prices extended their upward momentum on Friday, driven by production disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced the evacuation of platforms ahead of its landfall on the Louisiana coast. This rally comes after a rocky start to the week that saw Brent crude briefly dip …

Gold prices surged to an all-time high during Asian trading on Friday, driven by persistent speculation that the Federal Reserve will cut interest rates in the coming week. Increased demand for the safe-haven asset amid uncertainties surrounding the U.S. presidential election further boosted the yellow metal’s appeal. Gold continued its …

On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up …

Oil prices surged nearly 2% on Thursday, extending gains from the previous session, as concerns over Hurricane Francine’s impact on U.S. oil production lifted the market. However, a pessimistic outlook on global demand, particularly from China, tempered further price increases. Brent crude futures for November delivery rose by $1.24, or …

Gold prices edged higher in Asian trade on Thursday, hovering near record highs as traders speculated that the yellow metal will continue to benefit from a lower interest rate environment. However, expectations of a significant interest rate cut by the Federal Reserve were dampened by a higher-than-expected core consumer price …

Gold prices experienced a decline following the release of US Consumer Price Index (CPI) data. This unexpected move suggests that investors are now less confident in the Federal Reserve (Fed) cutting interest rates by 50 basis points (bps) at its upcoming meeting. Instead, the market is increasingly anticipating a more …