Gold Prices Surge to Record Highs Above $3,050 as Fed Sticks to Rate Cut Forecast
Gold Prices Surge to Record Highs Above $3,050 as Fed Sticks to Rate Cut Forecast HG MARKETS: Gold prices surged to unprecedented levels in Thursday’s Asian trading session, hitting new record highs as a combination of factors drove investor demand for the precious metal. April gold futures soared to an impressive $3,065. per ounce. This […]
Silver Prices Edge Lower but Remain Supported by Economic Uncertainty and Geopolitical Tensions
Silver Prices Edge Lower but Remain Supported by Economic Uncertainty and Geopolitical Tensions HG MARKETS: Silver (XAG/USD) experienced a slight pullback on Monday, trading around $33.80 after reaching its highest level since October 31, 2024, during Asian trading hours. Despite this dip, the metal’s downside appears limited due to ongoing economic uncertainties stemming from a […]
Natural Gas and Oil Forecast: Demand Uncertainty and Supply Risks Drive Market Instability
Natural Gas and Oil Forecast: Demand Uncertainty and Supply Risks Drive Market Instability HG MARKETS: Oil prices have rebounded following a sharp decline, as concerns about potential disruptions to energy supplies continue to affect market sentiment. Ongoing geopolitical tensions have dampened hopes for increased energy exports from Russia, contributing to ongoing volatility in crude markets. […]
Gold Prices Remain Stable as US Inflation Data and Trump Tariffs Take Center Stage.
Gold Prices Remain Stable as US Inflation Data and Trump Tariffs Take Center Stage. HG MARKETS: Gold prices remained steady during Asian trading on Wednesday as investors adopted a cautious stance ahead of an important inflation report. The appeal of gold as a safe-haven asset provided some support, especially amidst the uncertainty surrounding President Donald […]
Oil Prices Decline amid Tariff Concerns and Rising OPEC+ Output
Oil Prices Decline amid Tariff Concerns and Rising OPEC+ Output HG MARKETS: Oil prices fell on Monday as investor sentiment weakened due to concerns over the impact of U.S. import tariffs on global economic growth and fuel demand, coupled with rising output from OPEC+ producers. Brent crude edged down by 6 cents to $70.30 per […]
Japanese Yen Surges to 5-Month High Amid Safe-Haven Demand and BOJ Rate Hike Speculations
Japanese Yen Surges to 5-Month High Amid Safe-Haven Demand and BOJ Rate Hike Speculations HG MARKETS: The Japanese yen surged to its highest level in five months on Friday, driven by growing demand for safe-haven assets and speculation surrounding potential interest rate hikes by the Bank of Japan (BOJ). As concerns over global economic uncertainties […]
Gold Consolidates on Wednesday as Markets Remain Uncertain About the Next Step in Tariffs
Gold Consolidates on Wednesday as Markets Remain Uncertain About the Next Step in Tariffs HG MARKETS: Gold’s price (XAU/USD) has successfully consolidated its gains from Tuesday and erased earlier losses during the Asian trading session on Wednesday. As of the latest update, gold is trading around $2,920. With tariffs still in place and more expected […]
Oil Prices Edge Higher Amid Positive China Data and Geopolitical Uncertainty
Oil Prices Edge Higher Amid Positive China Data and Geopolitical Uncertainty HG MARKETS: Oil prices inched higher on Monday, buoyed by optimistic manufacturing data from China, the world’s largest crude importer, which bolstered expectations for stronger fuel demand. However, concerns over global economic growth, driven by potential U.S. tariffs and uncertainty surrounding a Ukraine peace […]
US Dollar Holds Weekly Gains as Markets Await Key Inflation Data
US Dollar Holds Weekly Gains as Markets Await Key Inflation Data HG MARKETS: The US Dollar Index (DXY), which measures the greenback’s performance against a basket of six major currencies, holds onto modest gains after reaching a two-week high near 107.50 early Friday. Investors are closely monitoring the preliminary February Consumer Price Index (CPI) data […]
Gold Struggles with Ongoing Selling Pressure During Each Rally
Gold Struggles with Ongoing Selling Pressure During Each Rally HG MARKETS: Gold (XAU/USD) continues to face strong selling pressure on every rally, as we noted last week. The price dropped to the 2904/00 support level yesterday, but longs were stopped out below 2895 before the expected bounce. The market has shifted into a phase of […]