Gold Set for Strongest Year Since 2010 Amid Rate Cuts and Global Tensions
Gold Set for Strongest Year Since 2010 Amid Rate Cuts and Global Tensions HG MARKETS: Gold prices rose on Tuesday, marking the last trading day of a record-breaking year that saw the metal achieve its best annual performance since 2010. This surge was driven by strong central bank buying, geopolitical tensions, and monetary easing by […]
US Dollar Heads for Strong Year-End Performance on High-Rate Outlook
US Dollar Heads for Strong Year-End Performance on High-Rate Outlook HG MARKETS: The U.S. dollar was poised for an annual gain of nearly 7% on Friday, while the Japanese yen faced its fourth consecutive year of depreciation, as traders anticipated strong U.S. economic growth would prompt the Federal Reserve to adopt a cautious approach to […]
Oil Prices Rise Amid New Stimulus Measures from China
Oil Prices Rise Amid New Stimulus Measures from China HG MARKETS: Oil prices extended their upward trajectory in Asian trading on Thursday, following the Christmas holiday, supported by new stimulus measures announced by China and a decline in U.S. crude inventories. Brent crude futures rose 0.2% to $73.71 per barrel, while West Texas Intermediate (WTI) […]
Stock Futures Climb Following Wall Street’s Rebound Driven by Softer Inflation Data
Stock Futures Climb Following Wall Street’s Rebound Driven by Softer Inflation Data HG MARKETS: U.S. stock index futures rose on Sunday evening as Wall Street found some relief from softer inflation data, although investors remained cautious about a slower pace of interest rate cuts in the coming year. Last week, the Federal Reserve projected fewer […]
Nasdaq & Nikkei: Key Market News and Technical Analysis
Nasdaq & Nikkei: Key Market News and Technical Analysis HG MARKETS: The People’s Bank of China (PBOC) recently decided to keep its Loan Prime Rates (LPRs) unchanged at 3.10% for the one-year rate and 3.60% for the five-year rate, despite mounting deflationary pressures in the economy. This decision reflects the PBOC’s intent to maintain financial […]
Gold Prices Recover after the Fed-Driven Decline, But the Outlook Is Clouded by Hawkish Remarks
Gold Prices Recover after the Fed-Driven Decline, But the Outlook Is Clouded by Hawkish Remarks HG MARKETS: Although the Federal Reserve’s aggressive approach on future rate reduction clouded the picture for metal, gold prices recovered from a one-month low on Thursday as the central agency decreased interest rates as anticipated. Since sticky inflation was still […]
US Natural Gas Futures Drop on Increased Supply
US Natural Gas Futures Drop on Increased Supply HG MARKETS: Natural gas futures in the United States recently fell to $3.30 per MMBtu, retreating from a 13-month high as supply levels increased and milder-than-expected winter weather dampened demand projections. This marks a significant shift from the previous upward momentum driven by concerns about winter heating […]
Gold Holds near $2,700 as Dollar Strengthens Ahead of Fed Meeting
Gold Holds near $2,700 as Dollar Strengthens Ahead of Fed Meeting HG MARKETS: Gold prices stabilized during Asian trading on Friday, recovering some of the steep losses from the prior session as a stronger U.S. dollar weighed on the yellow metal. The dollar’s strength was driven by anticipation of the Federal Reserve’s upcoming policy meeting, […]
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report HG MARKETS: The euro has edged marginally below the 1.05 level, as the recent upward momentum has proven unsustainable. Current market conditions suggest that a prolonged positive trajectory for the single European currency is unlikely. The primary factors weighing on the euro, as previously […]
Oil Prices surge Following China’s Monetary Policy Move and Syrian Political Turmoil
Oil Prices surge Following China’s Monetary Policy Move and Syrian Political Turmoil HG MARKETS: Oil prices saw a significant increase on Monday, rising by over 1% as China signaled its first move toward loosening monetary policy since 2010 in an effort to revive its slowing economy. According to state media reports, the country’s Politburo which […]