Oil Ends Its Three-Day Bullish Streak Ahead Of Us Interest Rate Decision
Oil Ends Its Three-Day Bullish Streak Ahead Of Us Interest Rate Decision HG MARKETS: Following two sessions of gains, oil prices dipped on Wednesday as an industrial survey revealed increased U.S. fuel and crude stocks, counteracting growing Middle East tension and the possibly positive effects of a U.S. interest rate cut on crude oil prices. […]
Gold Prices Dip Ahead of Fed Rate Announcement
Gold Prices Dip Ahead of Fed Rate Announcement HG MARKETS: Gold prices experienced a slight dip on Tuesday, following a record high achieved the previous day. The market’s attention has shifted to the Federal Reserve’s interest rate decision, with a focus on the two-day policy meeting that is set to conclude on Wednesday. Traders are […]
Fed Rate Cut Speculation And Strong Demand Propel Silver Prices to $30.06
Fed Rate Cut Speculation And Strong Demand Propel Silver Prices to $30.06 HG MARKETS: Silver prices (XAG/USD) have climbed to $30.06 this week, driven by strong global demand and speculation about a potential Federal Reserve rate cut. This upward movement is largely fueled by increasing industrial use of silver and rising gold prices, which often […]
In August, Consumer Prices In the Us Increased By 0.2% Month-Over-Month
In August, Consumer Prices In the Us Increased By 0.2% Month-Over-Month HG MARKETS: In August, headline US consumer prices increased by 0.2% on a monthly basis, which was the same as the rate in July. However, the core figure increased slightly faster, which may reduce the likelihood that the Federal Reserve will announce a more […]
Oil Costs Plunge as Weak Demand Signs Seems To Offset Supply Disturbances
Oil Costs Plunge as Weak Demand Signs Seems To Offset Supply Disturbances HG MARKETS: Oil costs steadied in Asian exchange on Tuesday as brokers tried to check the effect of Hurricane Francine on U.S. oil creation, while worries over drowsy interest stayed in play. Costs were nursing steep misfortunes from the earlier week in the […]
Gold Prices Surge: Will Federal Reserve Rate Cuts Sustain the Rally?
Gold Prices Surge: Will Federal Reserve Rate Cuts Sustain the Rally? HG MARKETS: Gold prices experienced a remarkable surge in August, climbing 3.6% to end the month at $2,513 per ounce, as reported by the World Gold Council. The precious metal reached an all-time high on August 20, raising the question of whether the anticipated […]
August Private Payrolls Fall Short of Expectations
August Private Payrolls Fall Short of Expectations HG MARKETS: In the latest indication of an ongoing, albeit gradual, slowdown in the American labor market, private payrolls in the United States decreased in August by less than anticipated. According to payroll processor ADP, private payrolls increased by 99,000 jobs in August, compared to a revised decrease […]
Dollar Strengthened as Market awaits US labor data
Dollar Strengthened as Market awaits US labor data HG MARKETS: The dollar crawled higher and held near a fourteen day high on Tuesday as financial backers prepared for a large number of monetary information, including Friday’s U.S. payrolls, that could impact the size of a normal loan fee cut from the Government Reserve. The euro […]
U.S. Financial Markets Await Crucial PCE Index Data
U.S. Financial Markets Await Crucial PCE Index Data HG MARKETS: The U.S. financial markets are eagerly anticipating the release of the Personal Consumption Expenditures (PCE) price index on Friday. This critical inflation measure, favored by the Federal Reserve, will be released alongside data on personal income and consumer spending. The results of this report could […]
Oil Falls Amid Demand, Libya Risks
Oil Falls Amid Demand, Libya Risks HG MARKETS: On Wednesday, oil prices experienced a notable decline, driven primarily by persistent concerns over weak demand from China and the looming threat of a broader economic slowdown. West Texas Intermediate (WTI) crude futures fell by 60 cents, or 0.79%, to settle at $74.93 per barrel. This decrease […]