Commodities

The USD Index (DXY) retreated slightly as the Japanese yen strengthened and US Treasury yields displayed mixed movement. The upcoming release of Q2 Growth Rate data, Durable Goods Orders, and Initial Jobless Claims on July 25 will be closely watched. Forex Space The Japanese yen’s continued appreciation pressured the US …

Oil prices experienced a notable rebound on Wednesday, halting a three-day streak of losses. The uptick in prices was driven by a combination of decreasing U.S. crude inventories and heightened supply risks due to wildfires in Canada. Brent crude futures for September increased by 40 cents, or 0.5%, reaching $81.41 …

Despite a little decline in US Treasury yields, the USD Index saw some gains and returned to the 104.50 region. The preliminary S&P Global Manufacturing and Services PMIs and advanced goods trade balance are due on July 24, with new home sales coming in second. In addition to continuing Monday’s …

Gold prices have risen above $2,400, ending a four-day losing streak due to falling US Treasury yields. Market players are awaiting crucial economic data, including June’s inflation and Q2 GDP, to gauge the Fed’s next move. India’s import tax cut on gold and silver has also boosted retail demand, supporting …

Gold prices saw little movement in Asian trade on Tuesday, hovering near 11-day lows as traders sought further clarity on U.S. political developments and monetary policy ahead of the Federal Reserve meeting next week. Despite a significant drop from record highs reached earlier this month, gold remained relatively stable due …

The critical metals market, the lifeblood of electric vehicles and modern electronics, is engulfed in a bitter competition for supremacy. Western mining companies are on one side, supporting techniques that are ethically and environmentally sound. China, an industrial giant with an unrelenting thirst for output and market dominance, is situated …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …

According to a recent note from Morgan Stanley, the current tightness in the crude oil market is expected to ease next year, leading to a potential surplus and a decline in Brent prices to the mid-to-high $70s range. While the market is expected to remain tight throughout most of the …

Gold prices saw a slight uptick in Asian trading on Monday, driven by safe-haven demand as investors reacted to U.S. President Joe Biden’s surprise decision to drop out of the 2024 reelection race and endorse Vice President Kamala Harris. Despite a recent decline from record highs last week due to …

This week, financial markets navigated a mix of influences, with technology and political developments grabbing the spotlight. While the US dollar strengthened, and gold prices surged, stock markets witnessed some profit-taking. The overall sentiment leaned towards safe-haven assets like gold due to economic uncertainties and geopolitical tensions. Microsoft shares were …