Market Update

Gold retreated on Monday, with the precious metal falling about 0.8% during trading. The decline was driven by a stronger U.S. dollar and fading market expectations for a rate cut at the Federal Reserve’s December meeting, following a series of hawkish comments from Fed officials. Adding to the pressure, the …

The Japanese yen fell against the U.S. dollar on Monday, weighed down by the strength of the greenback. The USD/JPY pair rose about 0.3% after data showed the Japanese economy contracted in the third quarter at the fastest pace in a year and a half. This downturn strengthens Prime Minister …

The euro slipped against the U.S. dollar today, with EUR/USD down 0.30%, as the greenback strengthened and cautious remarks from the European Central Bank weighed on sentiment. ECB Vice President Luis de Guindos warned that financial stability risks in the Eurozone “remain elevated,” citing uncertainty over global economic trends and …

The U.S. dollar strengthened at the start of the new trading week, supported by upbeat economic data as the currency attempted to recover some of last week’s losses. The Dollar Index, which measures the greenback against a basket of major currencies, climbed about 0.3%, buoyed by strong manufacturing figures out …

U.S. equity markets opened the week higher, supported by strong performance in technology stocks, particularly semiconductor companies and firms tied to artificial intelligence infrastructure. The S&P 500 gained 0.2%, the Dow Jones Industrial Average edged up by less than 0.1%, while the tech‑heavy Nasdaq 100 advanced about 0.3%, leading the …

Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery inflation and the first sub-3% reading for mortgage interest costs in more than three years, Statistics Canada said Monday. On a month-over-month basis, CPI rose 0.2%, matching forecasts. Economists had looked for 2.1% year over year …

Crude prices eased Monday, giving back part of Friday’s surge after tanker-tracking data showed Russia’s Novorossiysk port had resumed crude loadings, tempering immediate fears of a supply shock. Brent (Jan) down 0.7% to $63.97/bbl WTI down 0.7% to $59.52/bbl (04:35 ET) Supply scare fades—but risk linger remains Friday’s 2%+ rally …

Bitcoin trimmed part of its slide on Monday but stayed under pressure, with fading expectations of a Federal Reserve rate cut next month and nerves ahead of long-delayed U.S. data keeping buyers cautious. The world’s largest cryptocurrency last traded 0.7% lower at $95,101, after touching $93,043 in the past 24 …

European equities drifted lower at the open on Monday, with investors uneasy about global growth and bracing for a pivotal earnings update from AI bellwether Nvidia later this week. At 03:02 ET (08:02 GMT), Germany’s DAX was little changed, France’s CAC 40 slipped 0.1%, and the U.K.’s FTSE 100 fell …

Gold fell in Asian trading Monday, extending last week’s pullback as traders further priced out the likelihood of a Federal Reserve rate cut next month and the U.S. dollar nudged higher. Spot gold: $4,053.84/oz (-0.6%) by 00:33 ET Dec futures: $4,055.91/oz (-0.9%) Policy repricing pressures bullion A swift reset in …