Fueling Gains, Facing Fears
Fueling Gains, Facing Fears HG MARKETS: West Texas Intermediate (WTI) crude oil futures edged closer to the $68 per barrel mark on Friday, extending gains from the previous session where prices rose over 1%. The oil market is currently navigating a complex landscape, balancing significant supply disruptions against persistent uncertainty surrounding U.S. trade policy. One […]
Gold Prices Saw a Modest Increase As Investors Sought Safe Haven Assets
Gold Prices Saw a Modest Increase As Investors Sought Safe Haven Assets HG MARKETS: Gold prices edged higher in Asian trading on Monday, continuing their recent upward trend. This rise was fueled by increased demand for safe-haven assets due to concerns over more trade tariffs from U.S. President Donald Trump, and reports that Trump plans […]
Silver Prices Just Hit their Highest Point In More Than 13 Years
Silver Prices Just Hit their Highest Point In More Than 13 Years HG MARKETS: Metals have shown strong performance over the past few years, largely because of how global currencies lost value after the COVID-19 pandemic. Central banks’ widespread use of Quantitative Easing (QE) and balance sheet expansion put pressure on traditional currencies, providing a […]
GBP/USD Depreciates Amid Strengthening US Dollar and Heightened UK Fiscal Vulnerabilities
GBP/USD Depreciates Amid Strengthening US Dollar and Heightened UK Fiscal Vulnerabilities HG MARKETS: The GBP/USD currency pair extended its downward trajectory during the Asian trading session on Wednesday, declining to approximately 1.3580. The sustained depreciation in the Pound Sterling (GBP) reflects the increasing strength of the US Dollar (USD), underpinned by a resurgence in risk-averse […]
Oil Prices Recover despite Increased Releases of OPEC+
Oil Prices Recover despite Increased Releases of OPEC+ HG MARKETS: Oil prices were rebounded by early losses on Monday as merchants estimated the market’s general market even after OPEC+ agreed to increase production more than expected next month. Oil prices were rebounded by early losses on Monday as merchants estimated the market’s general market even […]
Gold Prices Firm as Post-NFP Dollar Rally Eases Amid Rising US Fiscal Concerns
Gold Prices Firm as Post-NFP Dollar Rally Eases Amid Rising US Fiscal Concerns HG MARKETS: The price of gold (XAU/USD) found support during the Asian session on Friday, stabilizing after a modest pullback from a one-and-a-half-week high reached the previous day. The recovery in gold prices comes despite stronger-than-expected US employment data, which dampened hopes […]
The Dollar’s Gains against Yen Were Reduced, Influenced By the Impending US Tariff Deadline
The Dollar’s Gains against Yen Were Reduced, Influenced By the Impending US Tariff Deadline HG MARKETS: The U.S. dollar saw some of its recent gains pared back on Friday. This happened after President Donald Trump’s tax cut bill officially passed and as pressure intensified for other countries to finalize trade deals with the U.S. While […]
OPEC+ Supply Seems Significantly Impacting the Global Oil Market
OPEC+ Supply Seems Significantly Impacting the Global Oil Market HG MARKETS: Oil prices fell on Monday with the prospect of geopolitical risks in the Middle East and another increase in August, improving the expectations of the proposal against the context of constant uncertainty regarding the global demand outlook. Last week, the two tests published their […]
Silver Eases Following Recent Gains Amid Fed Uncertainty and Heightened Geopolitical Risks
Silver Eases Following Recent Gains Amid Fed Uncertainty and Heightened Geopolitical Risks HG MARKETS: Silver (XAG/USD) retreated modestly during Friday’s Asian trading session, currently quoted near $36.50 per troy ounce, following two consecutive days of gains. Despite the mild pullback, downside momentum may remain constrained owing to heightened macroeconomic and geopolitical uncertainties, particularly surrounding the […]
Oil Rebounds Slightly After Two-Day Slide Amid Ceasefire Deal
Oil Rebounds Slightly After Two-Day Slide Amid Ceasefire Deal HG MARKETS: Oil prices edged higher this morning, rebounding from a two-day slide, following remarks by former U.S. President Donald Trump. He expressed his intention to keep Iranian oil flowing despite recent tensions. Trump announced a ceasefire agreement between Iran and Israel, following U.S. airstrikes on […]