Mykhailo Podoliyak, one of the representatives of Ukraine at Russian-Ukrainian negotiations, has said, ”We’ll continue tomorrow. A very difficult and vicious negotiation process. There are fundamental contradictions. But there is certainly room for compromise. During the break, work in subgroups will be continued”.Russia lobbed more missiles into Kyiv, amid heightened …
Read More »Gold Down Ahead of Fed Meeting
The gold price is down 1.5% after falling from a high of $1,954.72 to a low of $1,907.08, slipping below a critical level on the daily chart with the downside now fully exposed. The price of oil has been falling and markets are volatile ahead of tomorrow’s US Federal Reserve …
Read More »Toronto index falls as commodities weigh on energy, material stocks
Canada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in energy and metal prices due to rising COVID-19 cases in China weighed on commodity stocks.The Toronto Stock Exchange’s S&P/TSX composite index was down 161.23 points, or 0.76%, at 21,019.55. The energy and materials sectors fell …
Read More »Gold slips on Russia-Ukraine Talks And Rate Hike
Gold extended its decline on Tuesday as ceasefire talks between Russia and Ukraine slashed demand for safe-haven assets, while expectations that the US Federal Reserve would raise interest rates for the first time in three years increased pressure on the yellow metal. And the price of gold in spot transactions …
Read More »Gold Drops to The Red Zone
Gold prices fell below $1,980 an ounce on Monday, as traders braced for an upcoming Federal Reserve interest rate hike that pushed 10-year US Treasury yields above 2%. The US central bank is widely expected to raise interest rates by 25 basis points at the end of its two-day meeting …
Read More »Noor Capital | Mohammed Hashad Interview On CNBC
Interviewed by CNBC Arabia, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, shed light on the latest developments of the financial markets’ arena:(I) OilMarkets appear to have relative stabilized, this was reflected on the oil market, as crude …
Read More »EUR/USD’s Recovery Stalls Right Below 1.1000 Area
The euro has pared losses on Monday after the previous two days’ decline. The pair has bounced up from 1.0900 lows to post a moderate advance on the day, yet lacking follow-through to break psychological resistance at 1.1000.The higher appetite for risk has supported the euro. The common currency has …
Read More »Gold Consolidating Losses Around USD 1,950
Market players are focused on the latest on the Russia-Ukraine crisis. The US Federal Reserve is set to raise rates next Wednesday, but for how much.The Gold Index XAU/USD is trading at the lower end of its latest range and is poised to extend its slump. US traders hold on …
Read More »Danske Bank: ECB Could Raise Rate Hike Likely In July Or December
The European Central Bank at today’s meeting moved mostly in line with market expectations.Analysts at Danske Bank point out the ECB delivered according to their expectations by announcing an end date to the APP, formally ending the PEPP, removing the ‘or lower’ from the forward rate guidance, and extending the …
Read More »Gold Gets Prepared To Resume Advance
Gold Price is looking for direction at around $2,000 amid multiple first-tier events.The ECB has announced hawkish measures, and has expressed concerns about the ongoing Eastern Europe conflict.Skyrocketing US inflation reached yet another multi-decade high in February.The Gold Index is little changed post-Wall Street’s opening, hovering just above the $2,000 …
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