Dollar Soars on JOLTs Anticipation, Geopolitical TensionsEuro slumps amid French political turmoilPound, Aussie, and Yen under pressureOil prices steady, Gold and Silver retreatOption 3: More Detailed and AnalyticalThe US Dollar Index (DXY) gained momentum on Tuesday, surpassing the 106.70 level. This surge was fueled by a combination of factors, including …
Read More »XAU/USD Slides Following Trump’s Threats to BRICS to Defend USD
Gold prices fell on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs if they attempt to replace the US dollar with their own currency. This warning boosted the US Dollar, which typically weighs on Gold prices since the metal is primarily priced and traded in USD. …
Read More »Saudi Arabia Expected to Lower Oil Prices for Asia to Multi-Year Lows
Saudi Arabia, the world’s top oil exporter, is likely to significantly reduce crude prices for Asian buyers in January, potentially marking the lowest official selling prices (OSPs) in years. This decision follows a decline in Middle East benchmark prices and reflects ongoing market dynamics, according to a Reuters survey of …
Read More »Oil Prices Gain on Strong China Data and Middle East Tensions
Oil prices advanced on Monday, driven by optimism over robust factory activity in China and renewed geopolitical tensions in the Middle East. However, concerns over potential oversupply in 2025 continued to cap gains. Market Movement Brent crude: Rose 57 cents (0.79%) to $72.41 per barrel by 0700 GMT. West Texas …
Read More »Gold Prices Slip Amid Stronger Dollar and Trump’s Tariff Threats
Gold prices declined in Asian trading on Monday, weighed down by a resurgent dollar following U.S. President-elect Donald Trump’s announcement of steep potential tariffs targeting the BRICS nations. While geopolitical tensions provided some haven demand, they were not sufficient to counteract the bearish pressures from currency markets. Gold Under Pressure …
Read More »Weekly Recap: FOMC Minutes, Eurozone Inflation Weighed on Market Action
Gold prices edged up on Friday, lifted by a weakening dollar and ongoing geopolitical tensions. However, the gains were not enough to offset a sharp decline earlier in the week, leaving gold on track for its worst monthly performance since September 2023. The price increase came despite a broader rise …
Read More »Gold Spikes Amid Tensions, But Can It Sustain the Rally?
Gold prices have surged in recent weeks, fueled by escalating geopolitical tensions and concerns about global economic stability. As the Russia-Ukraine conflict continues to escalate and the Middle East remains a volatile region, investors have sought refuge in gold, driving its price to levels not seen in years. A Perfect …
Read More »Gold Shines Amidst Geopolitical Turmoil, Economic Uncertainty
Gold prices have surged in recent weeks, driven by a confluence of factors including escalating geopolitical tensions, economic uncertainty, and a weakening US dollar. As investors seek safe-haven assets, gold has emerged as a preferred choice, reinforcing its traditional role as a hedge against inflation and market volatility.Geopolitical Tensions Fuel …
Read More »Oil Prices Decline as Supply Concerns Ease and 2025 Outlook Weighs on Market Sentiment
Oil prices slid on Friday, marking a weekly drop of over 3%, as the easing of geopolitical tensions and expectations of increased supply in 2025 overshadowed ongoing production cuts by OPEC+. The market continues to grapple with mixed signals, balancing near-term output restrictions with forecasts of a supply surplus in …
Read More »Gold Prices Rally on Weak Dollar and Geopolitical Tensions
Gold prices edged higher in Asian trade on Friday, driven by a weaker dollar and heightened geopolitical tensions, as traders positioned themselves ahead of a potential December interest rate cut by the Federal Reserve. The precious metal, often viewed as a safe haven, regained some of the ground lost earlier …
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