Market Update

Key Takeaways Sharp decline: Spot gold fell 1.6% to $4,578.74 per ounce, while U.S. gold futures slipped 2.1% to $4,585.87. Weekly carnage: Bullion is down roughly 3% for the week — four straight sessions of losses. Silver crashes: Silver prices plunged 5.2% to $79.13 per ounce. Platinum slips: Platinum dropped …

Key Takeaways Strong gains: Brent crude rose 1.9% to $107.69 per barrel, while WTI advanced 2.2% to $103.40. Massive weekly jump: Both contracts on track for 6-8% weekly gains. Trump’s hawkish turn: The president signaled “the military decimation of Iran (to be continued!)” on Truth Social. Patience running out: “I …

Key Takeaways Energy deal: Trump says China has agreed to buy U.S. oil and energy after talks with Xi in Beijing. Texas, Louisiana, Alaska: Chinese ships will reportedly head to those U.S. states to load crude. China’s “insatiable appetite”: Trump cited Beijing’s massive energy needs as the driving force. Boeing …

Key Takeaways KOSPI tumbles: South Korea’s index plunged 3.5% — the worst performer in Asia — on steep losses in major chipmaking stocks. Chip exports not discussed: U.S. Trade Representative Jamieson Greer told Bloomberg that chip export controls weren’t part of Thursday’s U.S.-China talks. Decision left to Beijing: Greer said …

Japan is preparing to take a more flexible economic approach as rising global energy costs continue to put pressure on households and businesses, according to remarks from Japanese Finance Minister Satsuki Katayama, as Tokyo eyes consumer protection amid global volatility. The comments come at a time of heightened uncertainty across …

Nvidia Leads Market Gains After China Chip BreakthroughWall Street closed sharply higher on Thursday as investors welcomed positive developments from high-level talks between US President Donald Trump and Chinese President Xi Jinping in Beijing, while strong momentum in technology shares pushed major US indexes to new record highs. The rally …

Gold and silver prices moved lower on Thursday as investors reacted to stronger US economic data, rising inflation concerns, and renewed expectations that interest rates in the United States could remain elevated for longer.Gold slipped toward the $4,650 level after recently hovering near record highs above $4,700 per ounce. Silver …

US retail sales recorded another increase in April, partly driven by rising prices, signaling that inflationary pressures continue to weigh on consumers and the broader path of monetary policy. The latest gain follows similar growth in March, reinforcing expectations that consumer spending — the largest engine of the US economy …

The US Federal Reserve is undergoing a notable leadership transition following the resignation of Governor Stephen Miran. His departure comes at a critical moment as the central bank prepares for a change at the top, with a new chair set to be sworn in.The reshuffle is expected to reshape the …

The euro remained under pressure on Thursday as the US dollar continued its powerful rally following stronger-than-expected economic data from the United States. The EUR/USD pair slipped toward 1.1678, down around 0.30% on the day, after opening near 1.1710 and trading within a volatile range between 1.1670 and 1.1721. The …