Commodities

Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Society of Technical Analysts. Let’s start with the U.S. labor market data, which came in mixed. How did the markets interpret it, and how did it reflect on the movement of …

Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …

The US Dollar continued its upward trajectory on Monday, despite a general decline in US Treasury yields. This positive sentiment reflects steady expectations that the Federal Reserve will implement a rate cut at its upcoming meeting.The US Dollar Index (DXY) reached its highest level in three days, approaching 101.80. Investors …

Gold prices have remained relatively stable in recent weeks, fluctuating within a well-defined range. While the precious metal briefly touched new all-time highs following the release of the August Nonfarm Payrolls report, it has since retreated slightly. Gold trades up and down within a range under its record highs. US …

Oil futures rose by around 1% on Monday, recovering from last week’s steep losses as a potential hurricane neared the U.S. Gulf Coast, a critical area for refining. Brent crude climbed 67 cents, or 0.94%, to $71.73 per barrel by 0901 GMT, while West Texas Intermediate (WTI) crude rose 68 …

Oil futures experienced a significant rebound on Monday, rising by $1 as traders reacted to the potential impact of a hurricane system approaching the U.S. Gulf Coast and recovered from a recent downturn triggered by disappointing U.S. jobs data. By early trading, West Texas Intermediate (WTI) crude futures had climbed …

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs …

Oil prices edged higher during Asian trading on Friday as investors remained cautious ahead of the release of key U.S. employment data. This comes amid weighing factors, including a significant withdrawal from U.S. crude inventories and a potential delay in production hikes by OPEC+ producers. By 0507 GMT, Brent crude …

The US dollar continued its downward trend, breaching the crucial 101.00 level. This decline was fueled by persistently low US interest rates and growing speculation that the Federal Reserve might implement a more aggressive interest rate cut, potentially halving the cut in its next meeting.The US Dollar Index (DXY) extended …

The yellow metal’s surge is fueled by anticipation of a potential rate cut by the Federal Reserve. Gold’s recent rally is a testament to the market’s growing confidence in a potential Fed rate cut. While the NFP report will be a key event to watch, the overall trend for gold …