Gold Holds Near Highs as Fed Rate Cut Expectations, Softer Dollar, and Geopolitical Tensions Support Demand
Gold Holds Near Highs as Fed Rate Cut Expectations, Softer Dollar, and Geopolitical Tensions Support Demand HG MARKETS: Gold (XAU/USD) extended its intraday gains through the Asian session on Friday, hovering close to the record highs touched earlier this week. The precious metal continues to benefit from a mix of dovish expectations for U.S. monetary […]
Oil Prices Rise amid Geopolitical Tensions, but Oversupply Concerns Persist
Oil Prices Rise amid Geopolitical Tensions, but Oversupply Concerns Persist HG MARKETS: Oil prices edged higher on Wednesday following a series of geopolitical developments, including Israel’s reported strike on Hamas leadership in Qatar and Poland’s defensive actions against Russian drones. Brent crude futures rose by 0.8% to $66.95 per barrel, while U.S. West Texas Intermediate […]
Japan PM’s exit rattles currency markets; yen sags, dollar drifts
Japan PM’s exit rattles currency markets; yen sags, dollar drifts HG MARKETS: The Japanese yen fell on Monday after Japanese Prime Minister Shigeru Ishiba announced his resignation, while the dollar remained weak following Friday’s disappointing U.S. jobs report, which reinforced expectations of a Federal Reserve rate cut this month. Markets are also watching French Prime […]
U.S. Stock Futures Rise Slightly as Markets Await Crucial U.S. Nonfarm Payrolls Data
U.S. Stock Futures Rise Slightly as Markets Await Crucial U.S. Nonfarm Payrolls Data HG MARKETS: S&P and Nasdaq futures rose on Friday, supported by signs of a cooling U.S. labor market, which strengthened expectations of a Federal Reserve interest rate cut later this month. Investor focus was firmly on the upcoming nonfarm payrolls report, due […]
Oil falls as OPEC+ to consider another output hike
Oil falls as OPEC+ to consider another output hike HG MARKETS: Oil prices continued their decline on Thursday, extending losses from the previous session as investors awaited a pivotal OPEC+ meeting scheduled for the weekend. The market remains focused on potential output decisions that could further impact global supply dynamics. Brent crude fell to $67.14 […]
Silver Prices Break to Mid-$40s, Reaching Highest Levels Since September 2011
Silver Prices Break to Mid-$40s, Reaching Highest Levels Since September 2011 HG MARKETS: Silver (XAG/USD) continued its winning streak, gaining strong follow-through momentum for the third consecutive session and rallying to the $40.50–$40.55 zone during the Asian session. This marks the precious metal’s highest level since September 2011, underscoring the strength of the current bullish […]
Natural Gas Markets Strengthen as EIA Data Shows Modest Inventory Rise.
Natural Gas Markets Strengthen as EIA Data Shows Modest Inventory Rise. HG MARKETS: U.S. natural gas futures for October delivery extended Wednesday’s gains on Thursday, reaching a one-week high after government data showed a smaller-than-expected increase in stockpiles. The U.S. Energy Information Administration (EIA) reported that natural gas inventories rose by 18 billion cubic feet […]
Gold Eases on Fed Autonomy Fears
Gold Eases on Fed Autonomy Fears HG MARKETS: Gold prices slipped during Asian trading on Wednesday, retreating from a more than two-week high as political tensions in the U.S. surrounding the Federal Reserve triggered market volatility. The decline followed a sharp rally sparked by President Donald Trump’s abrupt attempt to dismiss Fed Governor Lisa Cook, […]
Traders Assess Geopolitical Developments for Oil Supply Outlook
Traders Assess Geopolitical Developments for Oil Supply Outlook HG MARKETS: Oil prices held steady in Asian trading on Monday, extending last week’s sharp gains. This stability was driven by two main factors: fading hopes for an immediate ceasefire between Russia and Ukraine, and signs from the U.S. Federal Reserve that a rate cut is likely […]
Wall Street Futures Nudge Higher with Powell’s Jackson Hole Speech in focus.
Wall Street Futures Nudge Higher with Powell’s Jackson Hole Speech in focus. HG MARKETS: U.S. stock index futures edged higher early Friday as investors remained cautious ahead of Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium, which is expected to provide further insight into the economic outlook. Dow Jones Futures were […]