Market Update

Gold prices hovered close to all-time highs in Asian trading on Thursday, as investors sought safety amid an ongoing U.S. government shutdown and rising confidence that the Federal Reserve will deliver further interest rate cuts. Spot gold was steady at $3,864.63 an ounce by 00:45 ET (04:45 GMT), after touching …

Bitcoin surged to a seven-week high on Thursday, lifted by seasonal “Uptober” momentum and expectations that the ongoing U.S. government shutdown could inject fresh liquidity into crypto markets. The world’s largest cryptocurrency rose 3.7% to $118,481.5 by 02:10 ET (06:10 GMT), briefly breaking above $119,000 for the first time since …

Oil prices steadied in Asian trade on Thursday, recovering slightly after sliding to near four-month lows in the previous session as rising U.S. crude inventories and speculation of another OPEC+ supply hike weighed heavily on sentiment. Market PerformanceAs of 21:52 ET (01:52 GMT), Brent crude futures (December delivery) rose 0.5% …

Gold prices have soared to a new all-time high, driven by the dual impact of an unexpected plunge in US private sector hiring and the unfolding US government shutdown. The combination of these events has aggressively reinforced market expectations for the Federal Reserve (Fed) to cut interest rates at its …

As October 2025 unfolds, the global steel market faces renewed tension as both the European Union and the United States double down on protective measures, each pursuing distinct strategies with far-reaching consequences.The European Union has announced a sharp reduction in steel import quotas—nearly 50%—while imposing tariffs of up to 50% …

Global financial markets are reacting sharply to the ongoing US federal government shutdown, which has reintroduced a significant level of uncertainty. The immediate consequence has been further weakness in the US Dollar (USD), which receded to new multi-day lows as investors assessed the implications of the political impasse.The US Dollar …

West Texas Intermediate (WTI) crude oil is experiencing a significant downturn, extending its slide for a fourth straight session and hitting a four-week low. The correction follows a surge to a near two-month high just last Friday. This renewed selloff has pushed WTI prices down sharply, with the commodity currently …

The Bank of Canada (BoC) released its latest meeting minutes, highlighting ongoing concerns about the impact of U.S. trade policies while maintaining cautious optimism about the Canadian economy’s outlook. Policymakers continue to monitor the ripple effects from past trade disputes and anticipate further challenges linked to the renegotiation of the …

U.S. stocks showed resilience on Wednesday as traders navigated the latest government shutdown, hopeful that the funding lapse would be brief and have limited economic fallout. The S&P 500 inched up 0.1%, while the Nasdaq Composite added 0.2%. The Dow Jones Industrial Average traded largely flat. Earlier in the session, …

The U.S. manufacturing sector showed a modest improvement in September, with the ISM Manufacturing PMI edging up to 49.1 from 48.7 in August, slightly surpassing expectations. While the index remains below the 50 mark, signaling a continued contraction, the slight uptick suggests that the pace of decline is easing.Several subcomponents …