A complex interplay of economic data, geopolitical developments, and central bank pronouncements prevailed, resulting in shifts across various asset classes. From fluctuating Treasury yields and evolving sector leadership to the resurgence of European equities, the steady ascend of gold prices, and fresh sanctions impacting commodities, investors navigated a landscape rife …
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Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …
Read More »In an interview conducted by CNBC Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analysed key assets’ performance in the financial markets. Q: The year 2024 was remarkable for U.S. indices, with the Dow …
Read More »Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and a member of the American Association of Technical Analysts, highlighted that markets are closely. Q: Let’s start with gold prices, which recorded significant gains over the past year. Do current conditions …
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Key Highlights Gold Prices Hold Steady: Spot Gold: Unchanged at $2,633.40 per ounce. Gold Futures (Feb): Slight dip of 0.2% to $2,649.91 per ounce by 05:20 GMT. Weekly Performance: Set to gain 0.3%, recovering from a 1% decline last week. Muted Trading Activity: Year-end holidays reduced trading volumes as institutional …
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Highlights Gold Prices Rise Slightly Spot Gold: Up 0.4% to $2,627.55 per ounce. Gold Futures (February): Increased 0.1% to $2,643.86 per ounce as of early Thursday. A slightly weaker US dollar supported gold prices in thin post-holiday trading, though gains were capped by caution stemming from the Federal Reserve’s hawkish …
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The financial markets are entering a period of reduced trading activity in the coming two weeks as investors observe the holiday season and the approach of the New Year. During this time, market participants will continue to assess the Federal Reserve’s adjustments to monetary policy as announced at the final …
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Gold prices are currently facing headwinds, trading below $2,600 per ounce. This decline coincides with a strengthening US dollar, driven by a confluence of factors. The US equity market has experienced a downturn, with all three major indices trading lower, dampening risk appetite and bolstering demand for the safe-haven US …
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Gold prices fell on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs if they attempt to replace the US dollar with their own currency. This warning boosted the US Dollar, which typically weighs on Gold prices since the metal is primarily priced and traded in USD. …
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The global financial landscape experienced significant shifts this week, primarily driven by the weakening US Dollar and fluctuating commodity prices. The US Dollar Index (DXY) plummeted to multi-day lows, breaking below the crucial 106.00 support level. This decline was primarily attributed to a combination of factors, including a decrease in …
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