Market Update

Gold price is struggling to defend the week-start corrective bounce amid mixed sentiment. Anxiety ahead of the top-tier United States data, debt ceiling talks prod XAU/USD buyers. Meanwhile, the US Dollar bears take a breather amid hawkish Federal Reserve talks.Also challenging the XAU/USD’s week-start corrective bounce are the mixed updates …

Disappointing Concern for the US economy is raised by the New York Empire State Manufacturing Index’s sharp decline to -31.3. According to Biden and Brainard, “serious and constructive” discussions are taking place over raising the US debt ceiling.The BoE recently increased rates by 25 basis points to combat inflation; future …

In a report published on Monday, the Federal Reserve Bank of New York said that the total household debt rose by 0.9% in the first quarter to $17.05 trillion.The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.2% on the day at 102.50.Key …

Atlanta Federal Reserve President Raphael Bostic said, on Monday, that if he were voting now, he would vote to hold rates in June, but warned that he has to keep a possible rate hike on the table. He also forecasts inflation to be in the high 3s by year-end, and …

Turkish stocks fell on Monday as the presidential election appeared to be headed for a run-off and incumbent President Recep Tayyip Erdogan advanced. The main index of Turkish stocks fell more than six percent at the open, which led to a halt to trading on the stock exchange before it …

The Turkish lira fell to its lowest level in two months as financial markets began trading in the aftermath of the presidential and parliamentary elections that took place on Sunday, amid expectations that the presidential race is heading to a run-off. The lira fell to 19.70 against the dollar, before …

European stocks rose on Monday as investors assessed the uncertainty surrounding the US debt ceiling talks and the presidential elections in Turkey and were looking forward to data released this week for clues about the state of the global economy. The European Stoxx 600 index rose 0.4 percent, with personal …

Most Asian stock markets fell on Monday as investors braced for a spate of Chinese economic data, as well as monetary policy indications from a crop of Federal Reserve speakers later in the week. China’s Shanghai Composite index was the worst performer on the day, down 1.1% as local industrial, …

Oil prices fell on Monday, as concerns about fuel demand in the United States and China, the world’s two largest consumers, outweighed optimism about tight supplies due to any production cuts from the OPEC + group and the United States resuming purchases of its reserves. And by 0130 GMT, Brent …

Gold prices rose on Monday as talks to raise the US debt ceiling stalled and fears of an economic slowdown pushed some traders towards the precious metal, a safe-haven asset. And by 2049 GMT, spot gold rose 0.1 percent to $ 2013.79 an ounce, after falling for three sessions. US …