SilverPrices Surge to $31.45 on Easing Inflation Data
SilverPrices Surge to $31.45 on Easing Inflation Data HG MARKETS: Silver prices saw significant gains in recent trading sessions, surging to an intraday high of $31.4585. This upward movement was underpinned by a notable development in the US economic landscape—the Consumer Price Index (CPI) data for June revealed a surprising decline in inflation. This unexpected […]
Copper Prices Fall, Concerns About Inflation In China Keep Gold Prices Steady
Copper Prices Fall, Concerns About Inflation In China Keep Gold Prices Steady HG MARKETS: Wednesday’s comments from Federal Reserve Chair Jerome Powell sparked increased speculation about when the central bank will begin cutting interest rates, which resulted in a slight rise in gold prices in Asian trade. Among modern metals, copper costs sank, clearing out […]
Dollar Balances Out In Front Of Key Expansion Information
Dollar Balances Out In Front Of Key Expansion Information HG MARKETS: The dollar ebbed on Monday as investors resuscitated their wagers of early rate cuts by the Central bank, while the yuan tumbled to a one-month low after China’s national bank shocked markets by keeping its medium-term strategy rate consistent. Contrary to market expectations, the […]
UK Markets and Pound Advanced on Labor’s Historic Election Win
UK Markets and Pound Advanced on Labor’s Historic Election Win HG MARKETS: Following Labour’s historic election triumph, investors reacted favorably, driving up UK markets and prolonging the pound’s longest winning run in four years. For the seventh straight day, the pound increased by 0.1% to $1.2770, while the FTSE 100 Index increased by 0.4%, driven […]
Oil Costs Ascend On Indications of Guard Drawdown in US Inventories
Oil Costs Ascend On Indications of Guard Drawdown in US Inventories HG MARKETS: After industry data showed that U.S. inventories saw a massive drawdown in the past week, boosting optimism over demand, oil prices rose on Wednesday in EUROPEAN trade, remaining close to two-month highs. Costs fell somewhat on Tuesday, hit by some benefit taking […]
US Stock Prospects Edge Higher With Fed Speak, Work Information In Center
US Stock Prospects Edge Higher With Fed Speak, Work Information In Center HG MARKETS: U.S. stock futures rose in night bargains on Sunday as financial backers anticipated more signs on loan fees from a huge number of Central bank authorities and key work market readings this week. Money Road was nursing misfortunes from Friday, after […]
UK Economy Expands by 0.7% in Q1 2024
UK Economy Expands by 0.7% in Q1 2024 HG MARKETS: On Friday, June 28, the UK economy garnered attention following the recent decision by the Bank of England to leave interest rates unchanged. Finalized GDP numbers for Q1 revealed a more resilient-than-expected UK economy, with a growth rate of 0.7% quarter-on-quarter, up from a preliminary […]
Gold Dips amid Stable Dollar Ahead of US Inflation Data
Gold Dips amid Stable Dollar Ahead of US Inflation Data HG MARKETS: Gold prices saw a modest decline in Asian trading on Wednesday, extending losses from the previous session as traders favored the dollar ahead of crucial U.S. inflation data. The precious metal remained within a trading range around the low $2,300 per ounce level […]
Focus Is On Us Inflation Data, Which Keeps Oil Prices Steady
Focus Is On Us Inflation Data, Which Keeps Oil Prices Steady HG MARKETS: Oil costs were consistent on Tuesday, facilitating just marginally from the past meeting’s benefits on heightening international pressures and assumptions for further developed fuel request this late spring, while financial backers anticipated U.S. expansion information not long from now. Oil and fuel […]
The Yen Fuels Boom, Japan Visitors Surpass 3 Million for the Third Month
The Yen Fuels Boom, Japan Visitors Surpass 3 Million for the Third Month HG MARKETS: According to official data released on Wednesday, Japan received more than 3 million visitors for the third consecutive month in May. The weak yen contributed to the continuation of a record rate of inbound tourism. The quantity of unfamiliar guests […]