Saudi Arabia, the world’s top oil exporter, is likely to significantly reduce crude prices for Asian buyers in January, potentially marking the lowest official selling prices (OSPs) in years. This decision follows a decline in Middle East benchmark prices and reflects ongoing market dynamics, according to a Reuters survey of …
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Oil prices advanced on Monday, driven by optimism over robust factory activity in China and renewed geopolitical tensions in the Middle East. However, concerns over potential oversupply in 2025 continued to cap gains. Market Movement Brent crude: Rose 57 cents (0.79%) to $72.41 per barrel by 0700 GMT. West Texas …
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Bitcoin began the week trading in a tight range, hovering just below the psychological $100,000 mark. The cryptocurrency market was influenced by optimism surrounding potential pro-crypto policies under the incoming Trump administration, while XRP saw a significant surge on speculation of favorable regulatory developments. Bitcoin Maintains Range Near All-Time Highs …
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Gold prices declined in Asian trading on Monday, weighed down by a resurgent dollar following U.S. President-elect Donald Trump’s announcement of steep potential tariffs targeting the BRICS nations. While geopolitical tensions provided some haven demand, they were not sufficient to counteract the bearish pressures from currency markets. Gold Under Pressure …
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Gold prices edged up on Friday, lifted by a weakening dollar and ongoing geopolitical tensions. However, the gains were not enough to offset a sharp decline earlier in the week, leaving gold on track for its worst monthly performance since September 2023. The price increase came despite a broader rise …
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November 2024 was a month to remember for US stock market investors. The Dow Jones Industrial Average and the S&P 500 both closed at record highs, marking a significant milestone in the ongoing bull market. This strong performance was driven by a combination of factors, including robust corporate earnings, optimistic …
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Gold prices have surged in recent weeks, fueled by escalating geopolitical tensions and concerns about global economic stability. As the Russia-Ukraine conflict continues to escalate and the Middle East remains a volatile region, investors have sought refuge in gold, driving its price to levels not seen in years. A Perfect …
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President-elect Donald Trump is expected to select a new chair for the U.S. Securities and Exchange Commission (SEC) soon. Among the top contenders is current SEC Commissioner Mark Uyeda, who has outlined a plan to position the U.S. as a global leader in cryptocurrency. This article explores Uyeda’s proposed strategies …
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Bitcoin Dominance GrowsBitcoin (BTC) continued its upward trajectory, surpassing the $97,000 mark. This surge in BTC’s price has led to increased Bitcoin dominance, indicating a shift in investor preference towards the leading cryptocurrency. As a result, many altcoins have seen their prices decline relative to Bitcoin.Impact of the Tornado Cash …
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The US Dollar Index (DXY) recovered from early Friday lows, trading near the 106.00 level. The index had dipped below this level as US markets opened on Black Friday after a holiday-shortened week.Key Factors Influencing the DXY:Hawkish Fed Stance: The Federal Reserve’s continued hawkish stance, signaling potential future rate hikes, …
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