Market Update

Global markets closed the month on an uneasy note as optimism over potential US interest-rate cuts collided with a disruptive trading outage that briefly froze activity across major futures exchanges. The episode highlighted how fragile sentiment has become in a market already grappling with stretched valuations, slowing economic signals, and …

Gold is currently undergoing an explosive and historic rally, trading firmly above the $4,200 mark, with the most recent price point resting at $4,219.29 per ounce. This momentum has translated into massive year-to-date gains exceeding 60%, signaling deep confidence in the precious metal. This robust upward trajectory is powered by …

The Euro struggled to maintain the $1.16 level against the US Dollar in the final session of the month, as investors navigated a wave of mixed economic reports from the Euro Area. This movement reflects a key tension in the currency market: the Eurozone is showing soft spots in its …

WTI crude oil gained momentum on Friday as traders reacted to renewed diplomatic activity aimed at easing tensions between Russia and Ukraine, while preparing for a crucial OPEC+ meeting that could shape early-2026 supply dynamics. The combination of tentative geopolitical progress and rising expectations of a US interest-rate cut helped …

Global markets faced an unexpected jolt after a major outage at the Chicago Mercantile Exchange (CME) halted trading across large segments of the world’s futures and options markets for several hours. The disruption, caused by a cooling-system failure at a key data centre, temporarily froze activity in equity, bond, currency, …

Canada’s economy returned to growth in the third quarter, expanding at a stronger-than-expected 2.6% annualized pace, driven by a sharp improvement in the trade balance and an uptick in government capital spending, according to data released Friday by Statistics Canada. On a quarterly basis, real GDP grew 0.6% between July …

Bitcoin stabilized on Friday after climbing back above the $90,000 level earlier this week, buoyed by growing expectations of an imminent interest-rate cut by the U.S. Federal Reserve and speculation over a potential leadership shift at the central bank. By 01:32 ET (06:32 GMT), the world’s largest cryptocurrency was trading …

Euro zone consumers nudged their short-term inflation expectations higher in October but kept medium- and long-term views broadly unchanged, according to a European Central Bank (ECB) survey released Friday. The results support market bets that inflation is stabilizing near target and that the ECB likely has no need to deliver …

UK home sales fell 4% in the four weeks to November 23 as many potential buyers retreated from the market amid concerns over higher property taxes in the upcoming budget, real estate agency Zoopla said on Friday. Buyer demand was 12% lower than during the same period last year, reflecting …

Gold prices rose in Asian trade on Friday and were on track for a fourth consecutive month of gains in November, supported by growing confidence that the U.S. Federal Reserve will cut interest rates next month. Bullion briefly slipped in the previous session but quickly resumed its upward move as …