Gold Prices Reached a Record High In Asian Trading On Monday
Gold Prices Reached a Record High In Asian Trading On Monday HG MARKETS: Gold prices reached a record high in Asian trading on Monday, driven by a combination of safe-haven buying and expectations for lower U.S. interest rates. Key Drivers of the Surge The rally in gold and other precious metals was fueled by two […]
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months HG MARKETS: Oil prices are on the rise this week, showing their strongest performance since early June, with both major benchmarks jumping over 4%. This increase is primarily due to several key factors related to supply and demand. A major driver has been […]
XAG/USD near 14-Year Highs: Silver Prices Supported by Fed Policy Expectations and Safe-Haven Demand
XAG/USD near 14-Year Highs: Silver Prices Supported by Fed Policy Expectations and Safe-Haven Demand HG MARKETS: Silver (XAG/USD) recovered earlier losses, trading around $44.10 per troy ounce. The precious metal remains close to a 14-year high of $44.47, supported by expectations that the US Federal Reserve will deliver a 25-basis-point rate cut at its October […]
Gold Prices Are Increasing and Are Nearing Their Recent All-Time Highs
Gold Prices Are Increasing and Are Nearing Their Recent All-Time Highs HG MARKETS: Gold prices rose slightly on Monday, staying near last week’s record highs. This was primarily driven by the Federal Reserve’s recent interest rate cut and the expectation of more cuts to come. The Fed lowered rates by 25 basis points last week, […]
Dollar Jumps as Jobs Market Surges; Yen Benefits from BoJ Expectations
Dollar Jumps as Jobs Market Surges; Yen Benefits from BoJ Expectations HG MARKETS: The U.S. dollar edged higher on Friday, supported by encouraging data from the U.S. labor market, while the Japanese yen strengthened following a relatively hawkish stance from the Bank of Japan during its recent policy meeting. Currently, the Dollar Index, which measures […]
U.S. Futures Stabilize as Fed Decision Nears; Powell and Earnings in Focus
U.S. Futures Stabilize as Fed Decision Nears; Powell and Earnings in Focus HG MARKETS: U.S. stock index futures showed limited movement on Wednesday as investors remained cautious ahead of the Federal Reserve’s policy decision. Dow Jones futures rose by 30 points (0.1%), while S&P 500 and Nasdaq 100 futures both gained marginally. This came after […]
GBP/USD Steady above 1.3550 amid Fed Rate Cut Expectations
GBP/USD Steady above 1.3550 amid Fed Rate Cut Expectations HG MARKETS: The GBP/USD currency pair moved slightly higher to around 1.3555 early Monday in Asia. Traders are focusing on the U.S. Federal Reserve’s meeting on Wednesday, where many expect the first interest rate cut of the year. A rate cut could weaken the U.S. Dollar […]
Gold Holds Near Highs as Fed Rate Cut Expectations, Softer Dollar, and Geopolitical Tensions Support Demand
Gold Holds Near Highs as Fed Rate Cut Expectations, Softer Dollar, and Geopolitical Tensions Support Demand HG MARKETS: Gold (XAU/USD) extended its intraday gains through the Asian session on Friday, hovering close to the record highs touched earlier this week. The precious metal continues to benefit from a mix of dovish expectations for U.S. monetary […]
Oil Prices Rise amid Geopolitical Tensions, but Oversupply Concerns Persist
Oil Prices Rise amid Geopolitical Tensions, but Oversupply Concerns Persist HG MARKETS: Oil prices edged higher on Wednesday following a series of geopolitical developments, including Israel’s reported strike on Hamas leadership in Qatar and Poland’s defensive actions against Russian drones. Brent crude futures rose by 0.8% to $66.95 per barrel, while U.S. West Texas Intermediate […]
Japan PM’s exit rattles currency markets; yen sags, dollar drifts
Japan PM’s exit rattles currency markets; yen sags, dollar drifts HG MARKETS: The Japanese yen fell on Monday after Japanese Prime Minister Shigeru Ishiba announced his resignation, while the dollar remained weak following Friday’s disappointing U.S. jobs report, which reinforced expectations of a Federal Reserve rate cut this month. Markets are also watching French Prime […]