Gold prices eased slightly at the end of the trading session, closing near $4,596 per ounce, as investors opted to take profits after a powerful rally that has dominated markets in recent months. The modest pullback did little to dent the broader optimism surrounding the precious metal, which remains one …
Read More »Oil Prices End Higher as Holiday Trading and Geopolitical Risks Support the Market
Oil prices closed higher as traders positioned ahead of the U.S. holiday weekend, with lingering geopolitical tensions continuing to underpin sentiment. Caution over developments in the Middle East encouraged buying interest, even as the broader supply outlook limited the scope of gains.Modest Gains Keep Prices Near Recent HighsBrent crude ended …
Read More »Trump’s Reluctance Shakes Up the Fed Chair Race
President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve after expressing reluctance to nominate Kevin Hassett as the next central bank chair, a move that could significantly reshape the succession race.Speaking Friday, Trump suggested that keeping Hassett in his current role as head of the …
Read More »Inflation Takes Center Stage as Markets Brace for a Crucial Week Ahead
The US dollar struggled to find clear direction over the past week, caught between geopolitical tensions and domestic uncertainty that kept investors cautious. While President Donald Trump renewed warnings of potential military action against Iran—later softening his tone toward the end of the week—he stressed that all options remain open. …
Read More »Markets Edge Lower as Bank Earnings Raise Caution Ahead of a Pivotal Week
U.S. equity futures traded tentatively ahead of the opening bell, reflecting investor unease as fresh bank earnings failed to provide clear reassurance and a heavier slate of reports looms. While futures pointed modestly higher, the tone remained fragile after early-week selloffs in major benchmarks, with only small-cap stocks showing convincing …
Read More »Yen Gains on Intervention Fears While Dollar Holds Strong
The Japanese yen strengthened on Friday, with USD/JPY slipping to 158.02, down 0.35%, as markets reacted to renewed signals that authorities are prepared to step in if volatility accelerates. The move reinforced expectations that policymakers may seek to steer the pair back toward a more controlled range, lending near-term support …
Read More »Dollar Set for Third Weekly Gain as Strong U.S. Data Pushes Back Rate Cut Expectations
The U.S. dollar edged slightly lower on Friday, but remained on track for another weekly gain as stronger-than-expected American economic data reduced expectations of an early interest rate cut by the Federal Reserve. By 04:05 ET (09:05 GMT), the Dollar Index, which measures the greenback against a basket of six …
Read More »Bitcoin Slips After U.S. Lawmakers Delay Crypto Regulation Bill
Bitcoin edged lower in Asian trading on Friday, trimming part of this week’s rebound after U.S. lawmakers postponed debate on a closely watched bill aimed at establishing a regulatory framework for digital assets. The world’s largest cryptocurrency fell 0.5% to $95,808.5 by 01:06 ET (06:06 GMT). Bitcoin had climbed as …
Read More »Oil Prices Edge Higher as Supply Risks Linger Despite Easing Iran Tensions
Oil prices inched higher on Friday, supported by lingering supply concerns, even as the immediate threat of a U.S. military strike against Iran appeared to recede. Brent crude rose 50 cents, or 0.8%, to $64.26 a barrel by 10:00 GMT, putting it on track for a fourth consecutive weekly gain. …
Read More »Gold Holds Near Record Levels as Strong U.S. Jobs Data and Calmer Iran Outlook Cool Momentum
Gold prices were largely steady on Friday, hovering just below the record highs reached earlier in the week, as stronger-than-expected U.S. labour data reduced expectations for near-term Federal Reserve rate cuts, while easing geopolitical tensions around Iran curbed safe-haven demand. Spot gold slipped 0.1% to $4,608.55 an ounce by 02:11 …
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