Euro Faces Volatility Amidst Slump Against the US Dollar
Euro Faces Volatility Amidst Slump Against the US Dollar HG MARKETS: The euro has been experiencing significant pressure in November 2024, dropping by around 3.8% against the US dollar, marking its worst month since early 2022. As the single currency approaches the critical $1 mark, analysts are raising alarms about the potential for heightened market […]
Gold Prices Climb amid Tariff Concerns, Held Back by Dollar Rally
Gold Prices Climb amid Tariff Concerns, Held Back by Dollar Rally HG MARKETS: Gold prices saw a modest rise in Asian trading on Tuesday, driven by increased demand for safe-haven assets following trade tariff threats by U.S. President-elect Donald Trump. Spot gold gained 0.1% to $2,628 per ounce, while December gold futures advanced 0.4% to […]
Oil Prices Surge Amid Escalating Ukraine Conflict and Geopolitical Tensions
Oil Prices Surge Amid Escalating Ukraine Conflict and Geopolitical Tensions HG MARKETS: Oil prices saw a modest increase on Friday, with a weekly rise set to exceed 4%, driven by intensifying tensions in Ukraine. This marks the most significant weekly gain since late September, as geopolitical uncertainties heightened concerns over global oil supply disruptions. […]
Natural Gas Prices Surged, Amid Colder Weather Forecasts, Geopolitical Tensions, and Bomb Cyclone
Natural Gas Prices Surged, Amid Colder Weather Forecasts, Geopolitical Tensions, and Bomb Cyclone HG MARKETS: U.S. natural gas futures surged on Thursday, with December contracts surpassing the $3.048 resistance, reaching $3.125. This rally is driven by colder weather forecasts and sustained LNG feed gas flows, with Maxar Technologies predicting a significant temperature drop from November […]
Dollar Firms Up; Trump’s Political Decisions Take Center Stage
Dollar Firms Up; Trump’s Political Decisions Take Center Stage HG MARKETS: The U.S. dollar advanced modestly on Tuesday, recovering from the previous session’s decline as investors sought clarity from political and economic signals. The Dollar Index, which measures the greenback against six major currencies, rose 0.2% to 106.42 after a 0.4% drop on Monday. Last […]
Gold Price Prompts Some Sellers As Market Awaits US Retail Sales Data
Gold Price Prompts Some Sellers As Market Awaits US Retail Sales Data HG MARKETS: The price of gold (XAU/USD) has been struggling to gain momentum, trading around $2,570 on Friday, after hitting a two-month low in the previous session. The ongoing selling pressure on gold is primarily driven by a strong US Dollar, which has […]
Natural Gas Prices Rise on Gulf Disruptions
Natural Gas Prices Rise on Gulf Disruptions HG MARKETS: Natural gas prices have spiked in recent days, driven by disruptions in Gulf of Mexico production caused by Storm Rafael. The storm knocked out a significant portion of the region’s natural gas output, sparking concerns about potential supply shortages. With roughly 16% of Gulf natural gas […]
Oil Slips amid Weak China Stimulus Response and Rising US Dollar
Oil Slips amid Weak China Stimulus Response and Rising US Dollar HG MARKETS: Oil prices declined on Monday following a weaker-than-anticipated stimulus announcement from China, which disappointed investors hoping for a boost in fuel demand from the world’s second-largest oil consumer. Brent crude futures dropped by $1.10, or 1.5%, to $72.77 per barrel, while U.S. […]
After The Fed Lowers Interest Rates Indices Value Soar
After The Fed Lowers Interest Rates Indices Value Soar HG MARKETS: Following the Federal Reserve’s announcement of a 25 basis point (bps) interest rate drop, U.S. equities ended Thursday’s trading session higher, continuing the steep increase that was triggered by Donald Trump’s reelection as president of the United States. In light of a labor market […]
Gold Struggles as Dollar Rallies after Trump’s Win
Gold Struggles as Dollar Rallies after Trump’s Win HG MARKETS: Gold prices saw a decline in Asian trading on Friday, struggling to find relief even as the U.S. dollar softened following an interest rate cut by the Federal Reserve. Despite the dollar’s pullback, gold was unable to reverse the downward trend that followed Donald Trump’s […]