Gold Advances as Fed Cut Bets Pressure the Dollar
Gold Advances as Fed Cut Bets Pressure the Dollar HG MARKETS: Gold (XAU/USD) edges higher from its earlier daily low in the European session, though it still trades slightly negative near the $4,060 zone. The movement comes as mixed commentary from Federal Reserve officials keeps December rate-cut expectations alive, triggering light US Dollar profit-taking after […]
Yen near 10-Month Low as Intervention Hints and Policy Debates Intensify
Yen near 10-Month Low as Intervention Hints and Policy Debates Intensify HG MARKETS: The Japanese yen hovered near a 10-month low on Friday, though it found brief support after government officials increased their verbal warnings against speculative currency movements. The currency momentarily strengthened in early Asian trading after Finance Minister Satsuki Katayama stated that currency […]
Wall Street Futures Decline amid Tech Stock Apprehension
Wall Street Futures Decline amid Tech Stock Apprehension HG MARKETS: Wall Street index futures turned negative during Tuesday’s Asian trading session, reversing earlier gains. The market’s shift to caution was primarily driven by upcoming high-impact events: the scheduled release of Nvidia’s quarterly earnings on Wednesday and the delayed September Nonfarm Payrolls (NFP) report on Thursday. […]
Silver Climbs Above $52 on US Data Uncertainty
Silver Climbs Above $52 on US Data Uncertainty HG MARKETS: Silver prices (XAG/USD) staged a rebound on Friday, trading around $52.70 per troy ounce during Asian hours. The metal recovered losses from the previous session, driven by rising safe-haven demand amid ongoing uncertainty over US economic data. Investor caution has been fueled by the backlog […]
Pound Drops as UK Economy Shows Signs of Slowing in Third Quarter.
Pound Drops as UK Economy Shows Signs of Slowing in Third Quarter. HG MARKETS: The Pound Sterling (GBP) remains under pressure against major peers as weaker-than-expected UK economic data reinforces concerns over slowing growth and rising unemployment. The Office for National Statistics (ONS) reported on Tuesday that the UK economy expanded by just 0.1% in […]
Gold holds near 3-week high on Fed cut bets
Gold holds near 3-week high on Fed cut bets HG MARKETS: Gold (XAU/USD) holds modest intraday gains during the first half of the European session, trading just below its nearly three-week high reached on Tuesday. Ongoing concerns over the potential economic fallout from the longest-ever US government shutdown continue to drive demand for the safe-haven […]
Oil set for second straight weekly decline amid ongoing oversupply worries
Oil set for second straight weekly decline amid ongoing oversupply worries HG MARKETS: Oil prices gained modestly on Friday, recovering some ground after three consecutive sessions of losses. However, the market remains on course for its second straight weekly decline, pressured by persistent concerns over excess supply and signs of weakening demand in the United […]
U.S. Futures Waver as Tech Titans Falter Amid Mounting Valuation Jitters
U.S. Futures Waver as Tech Titans Falter Amid Mounting Valuation Jitters HG MARKETS: U.S. stock futures exhibited a mixed tone on Wednesday as persistent weakness in the technology sector weighed on sentiment, with investors increasingly questioning the sustainability of elevated equity valuations. By early morning trade, Dow Jones futures edged modestly higher, while S&P 500 […]
Gold Prices Falter Despite Modest Rebound, Capped by Fed’s Hawkish Outlook.
Gold Prices Falter Despite Modest Rebound, Capped by Fed’s Hawkish Outlook. HG MARKETS: Gold (XAU/USD) is attempting to extend a modest intraday rebound on Tuesday, though the recovery lacks strong bullish conviction as the metal remains on the defensive below the key $4,000 psychological mark during the early European session. A modest improvement in global […]
Japanese Yen slips despite Tokyo CPI boost amid BoJ uncertainty
Japanese Yen slips despite Tokyo CPI boost amid BoJ uncertainty HG MARKETS: The Japanese Yen (JPY) gained limited support after stronger-than-expected Tokyo inflation data reignited hopes for a potential Bank of Japan (BoJ) rate hike. However, the currency struggled to maintain momentum and remained near its lowest level since February. The Tokyo Consumer Price Index […]