Commodities

The US ADP data, which has been a significant factor in gold traders’ predictions, has missed the forecast and has altered the outlook for the Fed. The US central bank’s strategy has led to a decline in the dollar index and a positive impact on the gold price. However, the …

Mohammed Hashad, Head of Research and Development Department at Noor Capital, Member of the US Association of Technical Analysts, commented and analyzed the most prominent developments across markets as well as the performance of the most important assets, in an interview on Dubai TV.As investors, analysts and traders are awaiting …

China’s exports are expected to accelerate for the second consecutive month in May, driven by improving global demand and a favorable base of comparison. This positive development offers some comfort to officials grappling with various domestic challenges to sustain the nation’s uneven economic recovery. The trade data, scheduled for release …

Oil prices saw a modest rebound on Wednesday, even as the market anticipates an increase in supply later this year when OPEC+ begins to unwind its output cuts. U.S. jobs data and rising oil stocks also influenced trading. Brent crude futures experienced a 0.3% increase to $77.78 a barrel, while …

The USD Index (DXY) advanced slightly after briefly testing two-month lows near 104.00. On June 5, MBA’s Mortgage Applications are due seconded by ADP Employment Change, the final S&P Global Services PMI and the ISM Services PMI.The dollar managed to reverse part of the recent weakness after bottoming out in …

Gold prices have fallen by 0.90% in the mid-North American session on Tuesday, amid risk-off sentiment and falling US Treasury bond yields. The latest tranche of US economic data shows the economy is slowing down, warranting lower interest rates. However, the Gold Index, XAU/USD, trades with losses and exchanges hands …

The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Inter-continental Exchange, the parent company of …

The nearest contract for Brent futures dropped 3.59 percent to $78.19 at the time of writing, while the American WTI contract was down 3.43 percent at $74.26. it is worth mentioning that Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, …

Gold recovers from three-week lows after negative US ISM Manufacturing data and fall in US yields. Asian demand and cooling inflation expectations further support Gold’s bounce. Technicals remain bearish after a breakout from a Bear Flag. Gold (XAU/USD) recovers to trade in the $2,340s on Monday after the release of …

As May draws to a close and June begins, financial markets worldwide find themselves at a critical juncture. Economic data reveals a mixed picture, with signs of easing inflation tempered by ongoing concerns about growth and the potential for further policy tightening. Central banks grapple with diverging paths, while oil …