Market Update

Gold prices retreated in Asian trade on Tuesday, remaining within a narrow band around the low $2,300s as a resilient dollar and anticipation of key U.S. inflation data dampened investor appetite for the precious metal. Despite a slight overnight dip in the dollar, the greenback held its ground, buoyed by …

Oil prices remained largely unchanged on Tuesday, following a rise in the previous session. Investors are cautiously awaiting the release of U.S. consumer price data, which could influence interest rate decisions and subsequently impact oil demand. However, expectations of increased consumption during the peak summer driving season in the U.S. …

Asian stocks bounced back on Tuesday, regaining some lost ground as investors cautiously awaited further developments in the potential trade war between China and the West. Upcoming inflation data also remained in focus, as it could provide clues about the future trajectory of interest rates. China’s Markets Stabilize, Trade Tensions …

The recent price surge in crude oil is a result of a combination of factors, including positive demand signals from the US and escalating geopolitical tensions in the Middle East and Ukraine. Unexpected draws in U.S. oil inventories and improved gasoline demand have painted a brighter picture for crude, while …

According to Fed official Mary Daly, higher interest rates are still required to reduce inflation and demand in the US economy. Though it’s unclear which scenario is more plausible, Daly thinks the Fed is prepared to act in response to both a deteriorating labour market and inflation staying above its …

Canada is considering imposing new import tariffs on electric vehicles from China. This move aligns with Canada’s efforts to secure a significant role in the global electric car supply chain. Deputy Prime Minister Chrystia Freeland cited concerns about China’s excess production of electric vehicles, which Canada argues creates unfair competition …

Gold is benefiting from a weaker US Dollar, edging up by 0.45% amidst firm US Treasury bond yields. Investors are closely watching the upcoming PCE The Federal Reserve’s favoured inflation indicator, the PCE Price Index, is expected soon, and investors are eagerly monitoring it since it may affect expectations for …

Interviewed by Dubai TV, Muhammad Hashad; Head of the Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented and analyzed the performance of some key assets in the financial markets, especially the noticeable rally in the US dollar, and whether it was …

The US dollar gained ground last week but stumbled at the start of this one. The Federal Reserve is urging caution on loosening its grip on interest rates too soon.Mixed economic data, like spending figures and revised GDP numbers, are on investors’ radar. On Monday, the US dollar, according to …

European Central Bank Executive Board member Isabel Schnabel downplayed the likelihood that interest rates in the euro zone will take a significantly different path from those in the US. “So far this hasn’t really played out that much,” Schnabel told a panel discussion Monday in Berlin. “The macro economy is …