Commodities

Gold prices declined sharply on Monday, falling towards $2,600, as the US Dollar strengthened. The US Dollar Index (DXY) rebounded above 108.00, making gold more expensive for holders of other currencies.While lower US Treasury yields typically weigh on gold, the relationship between the two assets was less pronounced on Monday. …

Oil prices edged lower on Monday in light holiday trading as markets awaited key economic data from China and the U.S., the world’s two largest oil consumers, to gauge future growth prospects. Price Movement Brent crude futures slipped 8 cents to $74.09 a barrel by 0700 GMT, while the more …

The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …

Gold prices continued their downward trajectory today, weighed down by persistently strong US interest rates. This decline brings the market closer to a critical support level – a key trend line – whose breach could signal further weakness. The precious metal is trading at 2,620.95, down -0.45% on the day.Technical …

Key Highlights Gold Prices Hold Steady: Spot Gold: Unchanged at $2,633.40 per ounce. Gold Futures (Feb): Slight dip of 0.2% to $2,649.91 per ounce by 05:20 GMT. Weekly Performance: Set to gain 0.3%, recovering from a 1% decline last week. Muted Trading Activity: Year-end holidays reduced trading volumes as institutional …

Key Highlights from Friday’s Trading Flat Performance in Oil Prices: Brent Oil Futures held steady at $73.22 per barrel. WTI Crude Oil Futures remained largely unchanged at $69.19 per barrel during the Asian session. Thin Trading Volumes: The holiday-shortened week saw reduced trading activity as many institutional investors took time …

Gold prices are holding steady above $2,630 per ounce as the US Dollar maintains its strength. The Federal Reserve has signaled a slower pace of interest rate cuts next year, reducing upward pressure on Gold. This, coupled with the recent rise in US Treasury yields, is weighing on the precious …

Key Updates on GDP and Growth Revised GDP Figures: China’s 2023 GDP was revised upwards by 2.7% to 129.4 trillion yuan ($17.73 trillion), reflecting updated data from the fifth national economic census. Growth Target for 2023: Policy measures implemented late in the year helped set the economy on track to …

Market Performance Oil prices increased slightly in thin holiday trading on Thursday, buoyed by optimism surrounding China’s fiscal stimulus and an anticipated drop in U.S. crude oil inventories. Brent Crude Futures: Rose 13 cents, or 0.2%, to $73.71 per barrel by 0650 GMT. West Texas Intermediate (WTI) Crude: Gained 11 …

Highlights Gold Prices Rise Slightly Spot Gold: Up 0.4% to $2,627.55 per ounce. Gold Futures (February): Increased 0.1% to $2,643.86 per ounce as of early Thursday. A slightly weaker US dollar supported gold prices in thin post-holiday trading, though gains were capped by caution stemming from the Federal Reserve’s hawkish …