Commodities

Gold prices experienced a downturn this week, shedding over 1% as investors grappled with conflicting economic signals from the United States. While a softer-than-expected jobs report pointed towards a potential easing of monetary policy, a surprising uptick in producer prices raised concerns about persistent inflationary pressures.The Fed’s Tightrope WalkMarket participants …

China seeks other strong trade relations to counter existing tensions with America, EU China’s economic recovery is a delicate balancing act, as the nation navigates a complex geopolitical landscape. The once-booming economy, a cornerstone of global growth, now faces a myriad of challenges, from escalating trade tensions with the West …

Gold and copper prices exhibited contrasting movements in Thursday’s Asian trading session as investors balanced geopolitical tensions, U.S. inflation data, and hopes for Chinese stimulus measures. While gold retreated slightly from a two-week high, copper surged to a one-month peak amid growing optimism surrounding China’s economic policies. Gold Eases as …

Oil prices experienced a significant surge on Wednesday, with West Texas Intermediate (WTI) reaching the $70 per barrel mark. This sharp increase was primarily driven by a larger-than-expected drawdown in US crude oil reserves, as reported by the Energy Information Administration (EIA). The market reacted positively to this news, as …

Gold prices climbed on Wednesday, December 11, 2024, as the latest inflation data increased the likelihood of a Federal Reserve interest rate cut next week.Spot gold gained 0.7% to $2,713.29 per ounce, while U.S. gold futures rose 1.4% to $2,756.00. The U.S. Consumer Price Index (CPI) for November came in …

OPEC announced on Wednesday a reduction in its global oil demand growth forecast for 2024, marking the fifth consecutive downward revision in its monthly report. This adjustment reflects increasing concerns over macroeconomic challenges, including slowing global economic growth, high interest rates, and subdued industrial activity. The group also lowered its …

Oil prices rose on Wednesday as market optimism grew regarding potential demand recovery in China, the world’s largest crude importer, following Beijing’s announcement of a significant monetary policy shift aimed at spurring economic growth. Market Overview Brent Crude Futures: Up 24 cents (0.3%) to $72.43 a barrel by 0730 GMT. …

The US Dollar strengthened further on Wednesday, buoyed by rising interest rates and anticipation of the upcoming US CPI report. The Greenback’s strength was underpinned by rising Treasury yields, which reflected growing expectations for further interest rate hikes from the Federal Reserve. In the forex markets, the Euro weakened against …

Gold prices have seen a recent surge, reaching a two-week high driven by a combination of factors. Geopolitical tensions, trade war fears, and anticipated rate cuts by major central banks have boosted safe-haven demand for gold. However, rising US bond yields and a stronger US Dollar have capped the precious …

The global financial markets are currently laser-focused on recent decisions and upcoming events that could significantly impact various asset classes. Investors are particularly attentive to the rate decision by the Reserve Bank of Australia (RBA) and the anticipated US Consumer Price Index (CPI) report.Reserve Bank of Australia (RBA) DecisionThe RBA …