Market Update

Gold (XAU/USD) prices have seen indecisive, two-way price action in recent trade, swinging between the mid-$1940s and $1960s. A sharp rally in US yields to fresh multi-year highs to reflect an upping of hawkish Fed bets as market participants reacted to a chorus of major US banks issues hawkish new …

US central bank policymakers have made it clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is still a risk.Jerome Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in …

Consumer Sentiment remained largely unchanged in late March at the same diminished level recorded at mid month. Inflation has been the primary cause of rising pessimism, with an expected year-ahead inflation rate at 5.4%, the highest since November 1981. Inflation was mentioned throughout the survey, whether the questions referred to …

A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later …

Russia’s foreign ministry said on Thursday that NATO is reaping terrible results from the decision to pump Ukraine with weapons, Reuters reported citing RIA news agency.These comments do not seem to be having a noticeable impact on the market mood. As of writing, the US Dollar Index was up 0.2% …

The Ukrainian government website reported on Friday that the government has removed the requirement to obtain export licenses for corn and sunflower oil for the 2021-2022 season. Ukraine had suspended exports of some grains, salt, sugar, meat and livestock as it battled an invasion by Russian military forces, and loaned …

The United States said it will work with international partners to provide at least an additional 15 billion cubic meters of liquefied natural gas to Europe this year. US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to reduce …

The European Union has approved important new antitrust rules that could dramatically reshape the business models of tech giants Meta, Apple, Amazon and Google, and the rules are expected to take effect in October. The European Parliament and EU member states have reached a landmark agreement on the Digital Markets …

European shares fell for the third consecutive session on Friday, on course to end the week lower as the escalating Russia-Ukrainian conflict kept investors cautious as the weekend approaches. A decline in financial and technology shares erased gains in core and low-risk sectors, with the pan-European Stoxx 600 index falling …

On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in …