Market Update

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US dollar and positive economic indicators from the United States. The US Dollar Index hit a two-year high, benefiting from the weaker Eurozone economy and strong US economic data.The geopolitical tensions between Russia and Ukraine continue …

Analysts at UBS forecast sustained upward momentum in gold prices throughout 2025, driven by a combination of declining global interest rates and persistent geopolitical risks. These factors reinforce gold’s status as a reliable safe-haven asset while aligning with favorable macroeconomic trends. Key Drivers for Gold’s Rally Lower Interest Rates Central …

European stock markets opened higher on Friday as investors kept a close eye on escalating conflict between Russia and Ukraine and assessed Germany’s downwardly revised economic growth figures for Q3. Market Overview Germany’s DAX: Up 0.6% France’s CAC 40: Up 0.5% UK’s FTSE 100: Up 0.7% Geopolitical Escalation: Russia-Ukraine Conflict …

Euro zone business activity suffered an unexpected and sharp downturn in November, as the region’s services sector joined manufacturing in contraction. HCOB’s composite Purchasing Managers’ Index (PMI) for the euro zone, compiled by S&P Global, plummeted to a 10-month low of 48.1, well below the 50 threshold that delineates expansion …

Bitcoin surged on Friday, reaching new heights as optimism surrounding friendlier U.S. regulations and a surge in options trading activity fueled the cryptocurrency’s rally. The world’s largest crypto asset climbed 1.9% to $98,870.4 by 06:17 GMT, with an intraday high of $99,289.3. This marks a weekly gain of 9.1%, propelling …

Gold maintained its upward momentum on Friday, setting the stage for its largest weekly gain in nearly eight months. The precious metal’s appeal as a safe haven surged amid heightened geopolitical tensions, as Russia lowered its nuclear weapon usage threshold and launched a hypersonic missile at Ukraine. Spot gold remained …

Bitcoin, the world’s pioneering cryptocurrency, continues its relentless ascent, nearing the historic $100,000 mark. This unprecedented surge, which began just weeks ago, has propelled the digital asset to new heights, captivating investors and industry experts alike.The timing of this bullish run is no coincidence. It coincides with the election of …

Gold prices have surged for the fourth consecutive day, surpassing the 50-day Simple Moving Average (SMA) of $2,660 due to global unrest and reports of Russia’s potential Inter-Continental Ballistic Missile (ICBM) launch. The US economic data suggests a strong jobs market, with the XAU/USD trading at $2,672 at weekly highs, …

Market Focus Shifts to Japan and Global PMIsThe US Dollar continued its upward trend, reaching new 2024 highs. This was driven by a combination of factors, including a weakening risk appetite and ongoing geopolitical tensions.Key Events on Friday, November 22nd:• US: Flash S&P Global Manufacturing and Services PMIs, final Michigan …

The Dow Jones Industrial Average closed sharply higher on Thursday, surging over 600 points. This significant gain marks a rebound from a recent market pullback and reflects renewed investor optimism. Key factors driving the rally include a robust job market, as evidenced by the decline in weekly jobless claims, and …