Gold prices dipped on Wednesday as investors awaited the Federal Reserve’s monetary policy decision. The market’s focus is on the central bank’s 2025 economic projections and the tone of Chair Jerome Powell’s subsequent press conference. The precious metal is 0..35% down, trading at $ 2636.28 at the time of writing.A …
Read More »Oil Prices Rise on Inventory Data, Fed Rate Cut Expectations
Oil prices climbed on Wednesday, driven by a decline in US crude inventories and anticipation of an interest rate cut by the Federal Reserve. However, uncertainty surrounding the Fed’s future monetary policy trajectory is limiting the upside potential for oil.US Crude Inventory DrawThe Energy Information Administration (EIA) reported a decrease …
Read More »Oil Prices Gain Amid Fed Rate Cut Anticipation and Fresh Sanctions on Russia
Oil prices edged higher on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve meeting, where a widely expected interest rate cut could signal further monetary easing for 2025. Brent crude climbed by 32 cents, or 0.44%, reaching $73.51 a barrel by early morning, while U.S. West Texas …
Read More »Gas and Electricity Prices Surge: A Perfect Storm Brewing
The global energy landscape is facing a perfect storm of soaring gas and electricity prices, driven by a confluence of factors that are set to impact consumers and businesses worldwide. As winter approaches, the situation is expected to worsen, with potential consequences for economies and societies.The Power CrisisThe recent spike …
Read More »Gold prices pressured ahead of FOMC decision
Gold prices have retreated from their recent highs, pressured by rising US Treasury yields. This shift reflects a change in market expectations for Federal Reserve interest rate cuts. The upcoming FOMC meeting is a pivotal moment for gold, as the Fed’s policy decisions and forward guidance will significantly impact the …
Read More »Oil Prices Dip Amid China Demand Woes, Caution Ahead of Fed Decision
Oil prices edged lower on Tuesday as renewed demand concerns in China weighed on sentiment, while investors adopted a cautious stance ahead of the U.S. Federal Reserve’s final policy decision of the year. West Texas Intermediate (WTI) crude fell 11 cents to $70.60 a barrel (as of 0802 GMT). Brent …
Read More »Market Drivers; US Session
Bitcoin’s record rally topped $107,000 on Monday after President-elect Donald Trump reiterated that he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Markets Brace for Fed’s Rate DecisionThe US Dollar dipped slightly on Monday as investors turned their …
Read More »Could Trump’s drilling plan cut fuel prices and fix inflation?
President-elect Donald Trump has pledged to lower consumer prices that have soared since the pandemic, explaining how he would do so by repeating a simple mantra: “Drill, baby, drill.” He is expected to speed drilling permits that took an average of 258 days to complete during the Biden administration, hold …
Read More »Gold Prices Hold Firm Ahead of Fed Decision
A Cautious Market Awaits the FedGold prices maintained a steady footing on Monday, as investors braced for the Federal Reserve’s interest rate decision. The precious metal, often seen as a hedge against inflation and economic uncertainty, was buoyed by a combination of factors, including expectations of a rate cut and …
Read More »Oil Futures Pull Back Amid Profit-Taking, Sanction Risks, and Fed Meeting Anticipation
Oil futures eased slightly on Monday after reaching their highest levels in weeks, as traders booked profits ahead of the Federal Reserve’s final policy meeting of the year. Despite the decline, prices remain supported by fears of supply disruptions linked to potential U.S. sanctions on major oil exporters like Russia …
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