Gold prices stabilized on Wednesday as investors held off big bets ahead of a decision on the pace of monetary policy tightening at the US Federal Reserve meeting, while tensions surrounding Ukraine kept gold near a 10-week high hit in the previous session. And gold settled in spot transactions at …
Read More »Market Drivers – US Session – 25 January 2022
Traders and market participants await the US Fed to adopt firm plans to raise interest rates and taper its holdings of U.S. Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.The Fed’s two-day meeting ends Wednesday. Analysts’ views of the meeting are mixed, with …
Read More »Bulls Still Control Gold Price Ahead Of Fed’s Rate Decision
The gold index (XAU/USD) has rallied on Tuesday, adding around 0.5% to the scale after climbing from a low of $1,834.95 to a high of $1,853.88 so far. The US dollar has come under pressure after reaching a two-week peak over tensions between Russia and the West. However, there was …
Read More »Gold Prices Jump Boosted By T-Yields Drop
A quick drop in US yields boosted XAU/USD that jumped from $1840 to $1853, reaching the highest level since November 19. It then pulled back all the way to $1840 and now is approaching the $1850 area again. Prices remain volatile in metals, stocks and bonds. The spike in gold …
Read More »Oil Prices Rise as Fears of a Supply Shortage Grow Due to Political Tensions
Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel by 0946 GMT, after falling 1.8 percent in the previous …
Read More »Oil Prices Rise 1% Due to Fear of Supply Shortage
Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose 60 cents, or 0.7 percent, to $86.87 a barrel, after falling 1.8 percent in the previous session. US …
Read More »Market Drivers – US Session – 24 January
Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …
Read More »Oil falls 2% as Fed rate hike talk ghosts risk markets
At the time of writing, WTI picks up bids towards $84.00, extending the late Monday’s recovery during the initial Asian session on Tuesday. The oil benchmark’s latest recovery takes clues from a bullish Doji candlestick and Momentum line. Oil prices fell about 2% on Monday, hit by investor concerns over …
Read More »USD/CAD Rallies Amid Broad Risk Asset Retreat
Having started the day closer to 1.2550, and being on course to post on-the-day gains of about 1.0%, the USD/CAD pair is currently penetrating the 1.2700 level having rallied from the mid-1.2500s on Monday amid widespread losses for risk assets m meanwhile, safe-haven demand amid geopolitical tensions and amid pre-Fed …
Read More »Oil Prices Rise 1% Due to Fear of Supply Shortage
Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East raised concerns about the outlook for oil supplies, while OPEC and its allies continued efforts to increase production. Brent crude futures rose 87 cents, or 1.0 percent, to $88.76 a barrel by 0100 GMT, ending …
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