Market Update

Gold prices eased on Friday as investors engaged in profit-taking after the metal’s record-breaking rally earlier in the week. The announcement of a U.S.-brokered ceasefire between Israel and Hamas improved market sentiment, reducing demand for safe-haven assets and prompting a modest pullback across the precious metals sector. Spot gold fell …

In a week marked by mixed messages from top Federal Reserve officials, global currency markets turned their focus to the evolving tug-of-war inside the U.S. central bank. While Governor Michael Barr urged caution against rushing into further rate cuts, Mary Daly, President of the San Francisco Fed, struck a more …

Oil prices retreated on Friday as geopolitical tensions in the Middle East showed signs of easing. West Texas Intermediate, the US benchmark, slipped to around 61.20 dollars in early Asian trading, weighed down by reports of a ceasefire agreement between Israel and Hamas in Gaza.According to late Thursday updates, Israel …

In a move that shook the crypto world, Bitcoin dropped about 2% by the end of Thursday’s trading after reaching record highs. The decline followed profit-taking and a surprising action by one of the market’s biggest investors — a so-called “Bitcoin whale” — who opened one of the largest short …

The Canadian Dollar fell sharply on Thursday, hitting a six-month low against the U.S. Dollar as investors sought safety amid growing political gridlock in Washington. The ongoing U.S. government shutdown, now stretching into its ninth day, has deepened global risk aversion and pushed traders toward the Greenback, leaving the Loonie …

The head of the New York Federal Reserve said he supports additional interest rate cuts this year to protect the U.S. labor market from slowing momentum, even as inflation remains above the central bank’s target.In recent remarks, the policymaker emphasized that while the economy is not on the brink of …

In a move that underscores deepening technological ties, the United States has approved several billion dollars’ worth of Nvidia chip exports to the United Arab Emirates. The licenses were issued by the Commerce Department’s Bureau of Industry and Security as part of a bilateral artificial intelligence agreement concluded earlier this …

Wall Street stumbled on Thursday after Federal Reserve Chair Jerome Powell delivered remarks that many investors found underwhelming. Rather than providing fresh clarity on the future path of monetary policy, Powell stuck to familiar themes about inflation risks and economic uncertainty — a tone that left markets hesitant and prompted …

The hurricane that struck in August did more than disrupt immediate energy output; its ripple effects persisted well into October and continued to cast a shadow over asset behavior in the near term. Here’s how that residual impact played out — and how markets had to adapt to the “aftershocks.”The …

The British Pound Sterling has fallen to a two-week low against the US Dollar, as the American currency’s strength sweeps across global markets. The US Dollar Index (DXY), a measure of the dollar’s value against a basket of major currencies, has surged to a nine-week high at 99.39, reflecting widespread …