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Commodities

Gold Soars Above $5,000 as Dollar Slides and Rate-Cut Bets Intensify Ahead of U.S. Jobs Data

Gold and silver prices extended their strong rally on Monday, buoyed by a softer U.S. dollar and growing expectations that the Federal Reserve will ease monetary policy as signs of labor market weakness emerge. Spot gold climbed 1.06% to $5,012.88 per ounce, firmly holding above the psychological $5,000 level after …

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European Stocks Slip as Stellantis Sinks, Tech and Autos Drag Weekly Performance

European shares moved lower on Friday, heading toward a muted close to a volatile week marked by investor caution toward technology stocks and a string of disappointing corporate earnings, with automaker Stellantis delivering the latest shock. The pan-European STOXX 600 fell 0.2% to 610.28 points by 08:09 GMT. Stellantis shares …

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German Exports Jump in December, but Factory Output Slumps, Clouding Recovery Outlook

Germany’s trade sector ended the year on a strong note, but weakness in industrial production underlined the fragile and uneven nature of any economic recovery in Europe’s largest economy, official data showed on Friday. German exports surged 4.0% in December compared with the previous month, significantly outperforming expectations for a …

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Oil Market Slides as Oman Talks Loom

Market SnapshotBrent crude: $67.52 (‑2.06%)WTI: $63.20 (‑1.95%)US crude inventories: down 3.5 million barrelsDistillates: down 5.6 million barrelsMarket focus: Friday’s Oman talks and upcoming U.S. employment dataOil Prices Dip as Diplomacy Eases Risk PremiumGlobal oil prices eased on Thursday as traders responded to confirmation that talks between the United States and …

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Gold Slides Sharply Amid Dollar Strength and Profit-Taking Dollar Strength Drives Gold Lower

Gold prices tumbled nearly 2% on Thursday, retreating to $4,880 per ounce as the US Dollar regained strength and investors booked profits. Despite weak US labor data suggesting a softening job market, the Dollar remained resilient, putting pressure on precious metals.Market Sentiment and Central Bank Signals The market’s reaction reflects …

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