Commodities

Latest NFP data has sent mixed messages to investors, resulting in significant movements across global financial markets, particularly affecting the US dollar, oil, and gold.In July, the Non-Farm Payrolls report showed an increase of 114,000 jobs in the United States, significantly lower than the previous reading of 179,000 jobs and …

Gold futures exceeded the 2500 mark and are trading at 2,514.00 per ounce at the time of writing; up +1.34%. The price of Gold rose to just under $2,470 per ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening. …

Oil prices saw an uptick on Friday, but the market is set to record its fourth consecutive weekly decline. Despite the recent rise, signs of disappointing global fuel demand growth have overshadowed fears of supply disruptions, leading to a bearish outlook. Current Market Performance Brent Crude Futures: Up 55 cents, …

Gold prices climbed in Asian trading on Friday, approaching record highs as concerns over an economic slowdown spurred investors to seek safe haven assets. This trend was supported by a combination of interest rate speculation, geopolitical tensions, and weak economic data. Safe Haven Buying and Interest Rate Speculation The surge …

The US dollar emerged as a clear safe-haven asset, rallying significantly amidst a broader risk-off environment. The greenback’s strength was exacerbated by a cautious monetary policy stance adopted by the Bank of England, which opted for a 25 basis point rate cut while expressing concerns about the potential for further …

Oil prices experienced a modest uptick on Friday, August 1st, 2024. However, this increase is unlikely to prevent a fourth consecutive week of losses. Concerns about slowing global economic growth and declining demand are overshadowing the potential impact of rising tensions in the Middle East. The primary driver behind the …

Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …

BoJ Surprise, Fed Signal: The unexpected rate hike by the Bank of Japan (BoJ) surprised the foreign exchange (FX) world on Wednesday. The Fed left its policy rate unchanged but signaled a potential rate cut in September.Upcoming Events:Bank of England (BoE) decision: Odds are split regarding a probable rate reduction. …

Oil prices surged in Asian trade on Wednesday following reports of a significant escalation in Middle East tensions. The uptick was driven by news of the reported death of Hamas leader Ismail Haniyeh in an Israeli airstrike in Tehran, Iran’s capital. This development has raised concerns about a potential spike …

Gold prices climbed in Asian trade on Wednesday, buoyed by a softer dollar as traders keenly awaited signals from the Federal Reserve on potential interest rate cuts. The precious metal also drew strength from safe haven buying amid escalating geopolitical tensions. Spot gold edged up 0.3% to $2,419.11 an ounce, …