Silver Prices Struggle Amid Strong Dollar and Economic Data
Silver Prices Struggle Amid Strong Dollar and Economic Data HG MARKETS: Silver (XAG/USD) has been experiencing downward pressure for the third straight day, trading around $33.50 on Friday. This decline is primarily driven by a stronger U.S. dollar and rising Treasury yields. Recent positive economic indicators from the U.S., including a drop in unemployment […]
Oil Prices Surge 1% as Middle Eastern Tensions Escalate; Market Eyes on Forthcoming PMIs
Oil Prices Surge 1% as Middle Eastern Tensions Escalate; Market Eyes on Forthcoming PMIs HG MARKETS: Oil prices experienced a significant rise in Asian trading on Thursday, spurred by Israel’s intensified rhetoric towards Iran, while market attention turned to upcoming PMI( Purchasing Managers Index) data from key economies. After enduring two weeks of considerable losses, […]
August High For the Dollar, US Rates, And Elections in Spotlight
August High For the Dollar, US Rates, And Elections in Spotlight HG MARKETS: A too-close-to-call U.S. election campaign kept investors on edge, and the U.S. dollar held onto a 2-1/2-month high on Tuesday due to hopes that the Federal Reserve will implement interest rate decreases gradually. As speculators reduce their expectations on swift rate reduction […]
Natural Gas Unraveling the Forces Behind Price Swings and Global Demand
Natural Gas Unraveling the Forces Behind Price Swings and Global Demand HG MARKETS: Natural gas futures have become a pivotal aspect of the global energy markets, reflecting both supply dynamics and geopolitical shifts. In 2024, natural gas markets witnessed significant fluctuations, driven by factors such as geopolitical tensions, supply constraints, and fluctuating demand from industrial […]
Palladium Values May Trail Those of Other Precious Metals
Palladium Values May Trail Those of Other Precious Metals HG MARKETS: Analysts at UBS predict that palladium prices will trail those of other precious metals. Palladium’s price volatility, which has experienced swings beyond $1,000 per ounce in recent weeks, was noted by the analysts. They went on to say that this volatility is probably going […]
GBP/USD Bounces Back on Strong UK Employment Figure
GBP/USD Bounces Back on Strong UK Employment Figure HG MARKETS: The GBP/USD pair rebounded into the 1.3080s on Tuesday following a robust UK labor market report, providing support for the Pound Sterling (GBP). Earlier, the pair had weakened amid sustained US Dollar (USD) strength, driven by diminishing expectations that the US Federal Reserve (Fed) would […]
Gold Bounces Back as Investors Digest Mixed US Economic Data
Gold Bounces Back as Investors Digest Mixed US Economic Data HG MARKETS: Gold prices rebounded to $2,650 level on Friday, reflecting a response from investors to a blend of mixed signals emanating from recent US economic data. This recovery comes in the wake of resilient employment report for September, which has introduced a level of […]
Oil Drops Following a Strong Surge As Investors Reduce Their Wagers on the Likelihood of a Middle East War
Oil Drops Following a Strong Surge As Investors Reduce Their Wagers on the Likelihood of a Middle East War HG MARKETS: Tuesday saw a more than $1 drop in oil prices as investors cashed out of the previous session’s surge, which sent the market to its highest point in more than a month on worries […]
Dollar Steady Following Payroll Gains; Euro Declines on Flimsy Data
Dollar Steady Following Payroll Gains; Euro Declines on Flimsy Data HG MARKETS: Monday saw the U.S. dollar steadily hang onto its gains following Friday’s solid jobs report. This week will also see the release of important inflation data and the minutes from the most recent Federal Reserve meeting. The dollar index, which measures the US […]
Silver Price Surge Driven by Festive Demand and Safe-Haven Appeal
Silver Price Surge Driven by Festive Demand and Safe-Haven Appeal HG MARKETS: Silver (XAG/USD) extended its bullish momentum on Friday, climbing to an intraday high of $32.27, approaching the upper end of its weekly range. This positive traction is largely driven by robust festive demand and a surge in safe-haven purchases. The rise in silver […]