Market Update

Gold prices held near two-month highs on Thursday as falling US Treasury yields and a weaker dollar spurred investor appetite, fueled by concerns about inflation and political tensions. Gold in spot transactions fell 0.2 percent to $1836.80 an ounce by 1102 GMT, after hitting its highest level since November 22 …

The dollar fell on Thursday as the rally in US Treasury yields stalled this week, while commodity-linked currencies such as the Canadian and Australian dollars rose amid rising commodity prices and optimism about global economic growth. The euro and sterling rose gradually to catch a breath after they suffered the …

Hungary, Poland, and Estonia are among European nations that are unhappy with plans to launch a minimum global European shares rose in early trading today, Thursday, supported by gains in the travel and entertainment sector, which rose more than 1%, and with the follow-up to the latest developments in the …

China on Thursday lowered its benchmark loan rate, the benchmark market-based lending rate, in line with market expectations, as authorities ramped up monetary support to inject impetus into economic growth. The one-year loan prime rate (LPR) was lowered to 3.7%, down from 3.8% the previous month, according to the Interbank …

According to data from the American Petroleum Institute, crude oil inventories in the United States increased by 1.4 million barrels during the week ending on the fourteenth of January. In its weekly report, the American Institute indicated that gasoline stocks increased by 3.5 million barrels during the past week, while …

Japan’s Nikkei rose on Thursday after falling to a five-month low, boosted by gains in Sony and other video game makers, and after China ramped up monetary easing measures to boost a sluggish economy by cutting a set of key interest rates. The Nikkei increased at a close 1.11% to …

Demand for the US dollar eased on Wednesday, with the American currency edging lower against most major rivals. Losses were limited across the major currencies, with gold outstanding amid rallying beyond $1,840 an ounce, its highest since last November.US Treasury yields inched higher at the beginning of the day to …

Operating on a one-day delay due to the U.S. holiday, the American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 1.404 million barrels after analysts predicted a draw of 1.367 million barrels.U.S. crude inventories shed some 74 million barrels since the start of 2021, …

During a news conference in the East Room of the White House in Washington, D.C., US President Joe Biden on Wednesday said it is appropriate for the Federal Reserve to recalibrate the support it provides to the US economy, given the strength of the recovery and recent price increases.“Given the …

US equities dipped again on Wednesday, with the S&P 500 failing to reclaim 4600 and down over 4.0% in 2022. The Nasdaq 100 dipped 0.2% and the Dow fell 0.3%.US equity markets have been under selloff pressure on Wednesday, with markets under fears about Fed tightening and higher interest rates, …