Gold Prices Edge Up as Focus Turns to US Nonfarm Payrolls
Gold Prices Edge Up as Focus Turns to US Nonfarm Payrolls HG MARKETS: Gold (XAU/USD) recovers intraday losses and trades higher around $2,640 during North American trading hours on Friday, as investors position themselves ahead of the November Nonfarm Payrolls (NFP) data from the United States. The employment report is widely regarded as a key […]
Safe-Haven Dollar Strengthens as Euro Falters Before Key French Vote
Safe-Haven Dollar Strengthens as Euro Falters Before Key French Vote HG MARKETS: The U.S. dollar edged higher on Wednesday, buoyed by its safe-haven appeal as political uncertainty in Europe and South Korea, along with ongoing conflicts in the Middle East and Ukraine, dominated market sentiment. The Dollar Index, which measures the greenback against a basket […]
Crude Oil Prices Remain Range-Bound As Market Eyes on Upcoming Key OPEC+ Meeting
Crude Oil Prices Remain Range-Bound As Market Eyes on Upcoming Key OPEC+ Meeting HG MARKETS: Crude oil prices are trading within a narrow range on Monday, maintaining levels similar to those observed last week, as traders await the highly anticipated OPEC+ meeting scheduled for Thursday. This meeting, considered one of the most important for oil […]
Asian Currencies Rise as Dollar Weakens on Fed Rate Cut Expectations
Asian Currencies Rise as Dollar Weakens on Fed Rate Cut Expectations HG MARKETS: Asian currencies edged higheron Friday as the U.S. dollar weakened, driven by rising expectations of a Federal Reserve rate cut in December. This comes despite recent data showing resilience in the U.S. economy and sticky inflation. Investors are now pricing in a […]
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 […]