Market Update

Gold prices remained largely unchanged in Asian trading on Tuesday, with safe-haven demand providing support amid escalating trade tensions. The market reacted to the implementation of U.S. tariffs on Mexico and Canada, alongside further tariff escalations against China. As of 00:23 ET (05:23 GMT), Spot Gold was steady at $2,892.98 …

Oil prices fell 2% to a 12-week low on Monday, influenced by reports that OPEC+ will proceed with a planned oil output increase in April and concerns that U.S. tariffs could negatively impact global economic growth and oil demand.Brent futures settled at $71.62 a barrel, down $1.19, or 1.6%, while …

The Australian dollar (AUD) began the week with a notable rebound, halting a six-day decline that saw it lose 3% against the US dollar (USD). Currently, AUD/USD is trading at 0.6203 in North American trading, marking a 0.71% increase for the day.Key Economic Data on the HorizonTraders are now anticipating …

The tumultuous geopolitical landscape in Europe, dominated by the ongoing conflict in Ukraine and heightened tensions with Russia, has ignited a complex interplay of security concerns and economic realities, leaving an indelible mark on the forex market. While Europe’s latent capacity for self-defense and sustained support for Ukraine has proven …

The cryptocurrency market experienced a significant boost early Monday, with Bitcoin and other digital currencies like Ethereum, XRP, Dogecoin, Solana, and Cardano seeing sharp price increases. This surge followed President Donald Trump’s announcement of a U.S. crypto strategic reserve aimed at bolstering the industry. Despite the rise, prices remained below …

US market is bracing for Friday’s crucial employment data, a potential catalyst amidst swirling recession anxieties. Recent market behavior reflects this unease, with volatility dominating trading sessions. While inflation figures have offered a degree of comfort, a concerning dip in consumer spending and a subsequent downward revision of GDP forecasts …

The economic landscape is currently marked by a confluence of factors that are generating significant market volatility and raising concerns about a potential slowdown in the United States. Recent data releases have painted a picture of an economy grappling with uncertainty, particularly concerning manufacturing activity and the potential impact of …

The U.S. manufacturing sector exhibited unexpected signs of deceleration in February, according to data released by the Institute for Supply Management (ISM). The closely watched Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3, a decline from January’s 50.9 and below the consensus forecast of 50.5. This figure indicates a marginal …

Oil prices edged higher on Monday, buoyed by upbeat Chinese manufacturing data, as traders assessed geopolitical developments, including efforts to resolve the Russia-Ukraine conflict and the impact of U.S. tariffs. As of 08:30 ET (13:30 GMT), Brent crude futures for May delivery rose 0.6% to $73.24 per barrel, while West …

Gold prices edged higher in Asian trading on Monday, supported by a weaker U.S. dollar and persistent geopolitical uncertainties. Investors turned to the precious metal as a safe-haven asset amid ongoing trade policy tensions and stalled Russia-Ukraine peace talks. Spot gold increased by 0.3% to $2,865.69 per ounce, while April …