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Commodities

Dollar Holds Steady as Traders Brace for U.S. Inflation Data and Fed Decision

Markets Await Inflation Data for Rate Cut CluesThe U.S. dollar traded largely steady on Wednesday as investors awaited a string of inflation reports that could determine the size of the Federal Reserve’s expected interest rate cut at its September 16–17 meeting. Following last week’s weak nonfarm payrolls report, markets are …

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Post-NFP Revision: Will Gold’s Record-Breaking Rally Hold Against a U.S. Dollar Rebound?

Gold has once again captured the market’s attention, soaring to a new record high of $3,674 per ounce. This impressive surge is not a fluke; it’s a direct consequence of a shifting economic landscape. However, as the U.S. Dollar stages a modest comeback, a critical question emerges: can gold maintain …

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Oil Prices Extend Gains as OPEC+ Output Rise Falls Short; Russia Sanctions Loom

OPEC+ Supply Increase Below ExpectationsOil prices climbed on Tuesday after OPEC+ announced a much smaller-than-expected production increase, easing fears of a sudden supply glut. By 06:45 GMT, Brent crude futures rose 51 cents (0.77%) to $66.53 per barrel, while U.S. West Texas Intermediate (WTI) gained 50 cents (0.8%) to $62.76 …

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