Market Update

The U.S. dollar edged lower on Friday but remained on track for solid weekly gains as escalating conflict in the Middle East boosted demand for safe-haven assets. By 04:10 ET (09:10 GMT), the U.S. Dollar Index, which measures the greenback against a basket of six major currencies, slipped 0.2% to …

Gold prices edged higher in Asian trading on Friday, but the precious metal remained on track for a weekly decline as a stronger U.S. dollar and rising Treasury yields offset safe-haven demand driven by escalating tensions in the Middle East. By 01:29 ET (06:29 GMT), spot gold rose 0.8% to …

Oil prices traded near flat in Asian trading on Friday after a sharp rally earlier in the week, with markets still on track for substantial weekly gains as escalating tensions in the Middle East stoked fears of global supply disruptions. By 01:49 ET (06:49 GMT), Brent crude futures for May …

Global oil markets have been jolted by a sudden surge in prices as crude climbed sharply and flirted with a fresh high above the $80 per barrel level for the first time since mid-2024. The move comes amid rapidly escalating tensions in the Middle East that have raised fears of …

Energy Spike Rattles Global MarketsU.S. stocks retreated sharply on Thursday as a dramatic surge in oil prices rattled investor confidence and revived fears that inflation could spiral out of control once again. The pullback came despite a positive start in Asian markets earlier in the day, highlighting the growing anxiety …

Gold slid to $5,075 per ounce on Thursday, erasing recent gains as the US Dollar gained strength. Investors turned to the Greenback following solid US jobs data and rising Treasury yields, which overshadowed geopolitical concerns in the Middle East.US Jobs Data Boosts Dollar, Pressures GoldThe latest US labor reports showed …

The British Pound weakened on Thursday, trading near 1.333 USD against the US Dollar, down about 0.31% on the day. Markets are cautious as rising gas prices and persistent inflation in the UK make further Bank of England rate cuts less likely this year.The Pound has been trending lower in …

As the US-Iran conflict entered its sixth day on March 5, 2026, the European Central Bank (ECB) is closely monitoring the potential economic fallout on the Eurozone. While direct exposure of European banks to Iran remains limited, indirect risks from rising energy prices and slowing growth pose a significant threat. …

The nomination of Kevin Warsh as the next chair of the Federal Reserve could signal a dramatic shift in the U.S. central bank’s approach to interest rates, even amid rising global oil prices triggered by the conflict in Iran. If confirmed by the Senate, Warsh would replace Jerome Powell when …

The latest report from the United States Department of Labor reveals that initial jobless claims remained stable at 213,000 for the week ending February 28, slightly below expectations of 215,000. This figure matches the previous week’s revised number, signaling a consistent trend in new unemployment filings.Meanwhile, the four-week moving average …