Gold prices experienced a downturn, influenced by a confluence of factors including a strengthening US dollar, rising Treasury yields, and profit-taking by traders. This decline occurred despite underlying market jitters related to US equities and employment data. Gold’s upward momentum stalled on Thursday, as US Treasury yields rebounded and the …
Read More »Market Drivers; US Session
Market Caution Expected Ahead of US Jobs Report and Amid Trade UncertaintyThe US dollar recovered some ground, partially reversing its weekly decline, as markets await the crucial US employment report and remain uncertain about trade policies. The US Dollar Index (DXY) rebounded slightly, supported by a modest rise in US …
Read More »Decoding Looming NFP Report: A Deep Dive into the Numbers and Market Implications
The U.S. Bureau of Labour Statistics (BLS) is poised to release its January Nonfarm Payrolls (NFP) report, a critical economic indicator that provides insights into the health of the U.S. labour market. The consensus forecast anticipates an increase of around 170,000 jobs, following a 256,000 increase in December. This report …
Read More »Oil Prices Recover Slightly After Saudi Price Hike
Oil prices edged up on Thursday, partially recovering from the previous day’s drop, after Saudi Arabia’s state-owned oil company raised its March crude prices sharply. However, the gains barely made a dent in the significant decline of Brent crude the day before. Oil Price Movements Brent Crude Futures: $74.89 (+0.4%) …
Read More »Gold Prices Hold Steady Amid U.S.-China Trade Tensions
Gold prices maintained a steady upward trajectory in Asian trade on Thursday, staying close to their record highs as fears surrounding the U.S.-China trade war continue to fuel demand for safe-haven assets. Gold Market Update Spot Gold: $2,869.17 (+0.1%) Gold Futures (April): $2,887.90 (-0.2%) Record High: $2,882.53 (hit on Wednesday) …
Read More »Gold Prices Peak, Face Fresh Challenges
Gold’s relentless climb has propelled it to unprecedented heights, reaching a record peak. However, this impressive rally has also triggered overbought conditions, raising the specter of a potential pullback. While the long-term bullish trend remains intact, traders are now closely monitoring key support levels for signs of a potential correction. …
Read More »Oil Prices Dip Amid Rising U.S. Stockpiles and Trade War Concerns
Oil prices fell on Wednesday as concerns over rising U.S. crude stockpiles and a potential escalation in the U.S.-China trade war weighed on market sentiment, despite renewed efforts by U.S. President Trump to curb Iranian crude exports. Market Movement Brent crude futures dropped 66 cents (-0.87%) to $75.54 per barrel …
Read More »Gold Prices Hit Record High Amid U.S.-China Trade Tensions and Geopolitical Uncertainty
Gold surged to an all-time high in Asian trade on Wednesday, as escalating U.S.-China trade tensions and geopolitical concerns drove strong safe-haven demand for the yellow metal. Spot gold rose 0.6% to a record $2,858.27 an ounce, while gold futures for April delivery climbed 0.4% to $2,885.39 an ounce. Trade …
Read More »Oil Prices Surge as Markets Respond to Trump’s Iran Strategy
On February 4, 2025, oil prices saw a notable increase as the markets grappled with President Trump’s escalated “maximum pressure” campaign against Iran. Brent crude prices climbed to $76.34 per barrel, marking a 0.50% rise, while WTI’s earlier loss decreased to a mere 0.31% drop, settling at $72.93 per barrel.Trump’s …
Read More »Gold Prices Edge Higher Amid U.S.-China Trade War Fears
Gold prices rose slightly in Asian trade on Tuesday, staying near record highs as safe-haven demand remained strong due to renewed U.S.-China trade tensions. Market Movements Spot gold: Up to $2,815.35 per ounce, near record high of $2,831.70 Gold futures (March): Down 0.4% to $2,846.64 per ounce Platinum futures: Down …
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