Commodities

The US dollar’s Pause: A Temporary Respite?The US Dollar Index (DXY) has recently shown signs of fatigue, retreating from its recent highs. Despite encouraging economic data, including strong job growth, the US dollar’s relentless ascent appears to be pausing.Key Economic Events to Watch – United StatesPersonal Consumption Expenditure (PCE) Price …

Gold, the timeless haven asset, has recently surged to unprecedented heights, reaching a record high of $2,790. This meteoric rise is a testament to its enduring appeal as a safe-haven asset during times of economic uncertainty and geopolitical turmoil.   Gold’s recent surge is a testament to its enduring appeal …

Oil prices held steady at one-month lows after recent declines, as markets weighed prospects of a ceasefire between Israel and Hezbollah and rising crude output from OPEC+ against concerns over U.S. fuel stocks and demand uncertainty. Brent crude rose by 0.8% to $71.70 per barrel, while U.S. West Texas Intermediate …

The United States has finalized rules to limit investments in critical technology sectors in China, such as artificial intelligence, on national security grounds, according to the Treasury Department. These restrictions will prevent U.S. citizens, permanent residents, and U.S.-based companies from engaging in transactions involving technologies like AI, semiconductors, and quantum …

Shifting Focus: The US Labor Market Takes Center StageThe US dollar maintained a relatively stable position on Tuesday, as market participants digested a slowdown in the rally of US Treasury yields. This cautious stance was further influenced by the impending US election and the anticipation of key economic data releases.Key …

Gold, the timeless haven asset, has recently embarked on a remarkable rally, pushing its price to unprecedented heights. This surge can be attributed to a confluence of factors, each contributing to the precious metal’s allure.A Weakening US Dollar and Lower Interest RatesThe US dollar, often inversely correlated with gold prices, …

Oil prices saw a modest recovery on Tuesday, buoyed by the U.S. government’s plan to purchase up to 3 million barrels for the Strategic Petroleum Reserve (SPR), yet concerns lingered over weaker global demand growth. As of 10:26 GMT, Brent crude futures rose 1.04% to $72.16 a barrel, while U.S. …

US Dollar Holds Steady Amidst Economic Data and Election SpeculationThe US Dollar Index (DXY) traded in a narrow range near the 104.30 level on Tuesday, as investors balanced expectations for key economic data releases with growing speculation ahead of the November 5 US election.Key Economic DataA series of important US …

Gold, the timeless safe haven, has been on a dazzling run this year. However, recent market trends suggest a potential pause in its upward trajectory. As U.S. Treasury yields rise and the dollar strengthens, gold’s allure as a safe-haven asset may diminish.Tug-of-War Between Bulls and BearsThe Federal Reserve’s monetary policy …

China’s central bank, the People’s Bank of China (PBOC), has introduced a new lending tool to inject liquidity into the market and bolster the economy. This move comes as billions of yuan in medium-term loans are set to mature by the end of the year.The new tool, an open market …