Geopolitical Tensions Spark Gold Rally, Industrial Metals Up On Supply Concerns
Geopolitical Tensions Spark Gold Rally, Industrial Metals Up on Supply Concerns HG MARKETS: Gold prices surged in Asian trading on Friday, nearing record highs following reports of Israeli strikes on Iran. This escalation heightened demand for safe-haven assets, particularly amid deteriorating conditions in the Middle East. Spot gold reached as high as $2,417.79 an ounce, […]
Middle East supply risks fail to offset oil price decrease driven by concerns over demand
Middle East supply risks fail to offset oil price decrease driven by concerns over demand HG MARKETS: Oil prices experienced a third consecutive decline on Wednesday due to anticipated increases in U.S. commercial inventories, coupled with weakened economic indicators from China and reduced expectations of interest rate adjustments, which raised concerns about global demand. Brent […]
Oil Prices Fall As Worries about a Potential Oil Shortage in the Middle East Decrease
Oil Prices Fall As Worries about a Potential Oil Shortage in the Middle East Decrease HG MARKETS: Oil edged lower on Tuesday as facilitating worry about supply gambles and a quickly heightening struggle after Iran’s weekend assault on Israel offset information showing China’s economy developed surprisingly quick in the principal quarter. Likewise weighing was more […]
ECB Rate Cuts Results in Dollar Surge and Yen Down to 34-Year Low
ECB Rate Cuts Results in Dollar Surge and Yen Down to 34-Year Low HG MARKETS: The European Central Bank (ECB) sent indications that suggested a possible rate drop, which caused the euro to plunge sharply and reach its lowest point in five months. In the meantime, the strong expansion of the U.S. economy suggested that […]
Metals Bullish Rally; Gold, Silver & Platinum
Metals Bullish Rally; Gold, Silver & Platinum HG MARKETS: On Wednesday, gold prices were stable, staying near a recent record high that was attained in the previous session. A number of positive factors, such as growing inflationary pressures and persistent geopolitical concerns, supported the precious metal’s steady rise as a safe-haven asset. Gold futures were […]
Futures Edge Higher, Uniting Ahead Last Week’s Misfortunes
Futures Edge Higher, Uniting Ahead Last Week’s Misfortunes HG MARKETS: An uncommon all out sun powered obscure over wraps of North America later on Monday follows perhaps of the biggest tremor on the East Shoreline of the US somewhat recently on Friday. For those less odd, the monetary setting was correspondingly restless. Chances on a […]
Oil costs hit more than 5-mth high on Israel-Iran strains
Oil costs hit more than 5-mth high on Israel-Iran strains HG MARKETS: Oil costs hit over five-month highs in European session on Friday and were set for their greatest week in two months on the possibility of deteriorating international circumstances in the Center East, particularly in the midst of expanded saber shaking among Israel and […]
Stocks Slip as Strong Economy Raises Doubts on Fed Rate Cuts, Fed in Focus
Stocks Slip as Strong Economy Raises Doubts on Fed Rate Cuts, Fed in Focus HG MARKETS: US stock futures edged lower on Wednesday, with key indexes dipping modestly. Both the S&P 500 and Dow Jones futures contracts shed around 0.1%, while the Nasdaq 100 futures were down slightly more, at nearly 0.2%. Market participants remained […]
Gold Costs in Sight of Record Highs; Copper Bounce Back On China Signals
Gold Costs in Sight of Record Highs; Copper Bounce Back On China Signals HG MARKETS: Gold rose to a record as signs the Central bank is drawing nearer to slicing financing costs added impulse to a convention that is likewise been driven by international strains and strong Chinese interest. Gold fates struck $2,286.20 before in […]
The yen’s weakness pushes USD/JPY to 1990 highs, raising concerns about potential intervention
The yen’s weakness pushes USD/JPY to 1990 highs, raising concerns about potential intervention HG MARKETS: The Japanese yen faced downward pressure on Wednesday, driven by a strong U.S. dollar and a cautious stance from the Bank of Japan (BOJ). The USD/JPY pair reached its highest level in nearly 34 years, reaching 151.97, a level last […]