Gold Consolidates on Wednesday as Markets Remain Uncertain About the Next Step in Tariffs
Gold Consolidates on Wednesday as Markets Remain Uncertain About the Next Step in Tariffs HG MARKETS: Gold’s price (XAU/USD) has successfully consolidated its gains from Tuesday and erased earlier losses during the Asian trading session on Wednesday. As of the latest update, gold is trading around $2,920. With tariffs still in place and more expected […]
Oil Prices Edge Higher Amid Positive China Data and Geopolitical Uncertainty
Oil Prices Edge Higher Amid Positive China Data and Geopolitical Uncertainty HG MARKETS: Oil prices inched higher on Monday, buoyed by optimistic manufacturing data from China, the world’s largest crude importer, which bolstered expectations for stronger fuel demand. However, concerns over global economic growth, driven by potential U.S. tariffs and uncertainty surrounding a Ukraine peace […]
US Dollar Holds Weekly Gains as Markets Await Key Inflation Data
US Dollar Holds Weekly Gains as Markets Await Key Inflation Data HG MARKETS: The US Dollar Index (DXY), which measures the greenback’s performance against a basket of six major currencies, holds onto modest gains after reaching a two-week high near 107.50 early Friday. Investors are closely monitoring the preliminary February Consumer Price Index (CPI) data […]
Gold Struggles with Ongoing Selling Pressure During Each Rally
Gold Struggles with Ongoing Selling Pressure During Each Rally HG MARKETS: Gold (XAU/USD) continues to face strong selling pressure on every rally, as we noted last week. The price dropped to the 2904/00 support level yesterday, but longs were stopped out below 2895 before the expected bounce. The market has shifted into a phase of […]
Crude Prices Slide amid Uncertainty over Ukraine Peace Negotiations
Crude Prices Slide amid Uncertainty over Ukraine Peace Negotiations HG MARKETS: Oil prices continued their decline on Monday as market participants awaited further clarity on diplomatic efforts to end the conflict in Ukraine and assessed the potential resumption of crude exports from northern Iraq. Brent crude futures fell by 14 cents, or 0.2%, to $74.29 […]
Natural Gas and Oil Forecast: Will Tight Supply Keep Prices Elevated?
Natural Gas and Oil Forecast: Will Tight Supply Keep Prices Elevated? HG MARKETS: This week, oil prices surged, driven by tightening U.S. gasoline and distillate inventories, coupled with ongoing supply concerns stemming from geopolitical tensions. The market reacted to declining stockpiles as refinery maintenance limited processing capacity, bolstering expectations of strong demand. At the same […]
Gold prices hover close to all-time highs, Trump tariffs and Fed hints in spotlight
Gold prices hover close to all-time highs, Trump tariffs and Fed hints in spotlight HG MARKETS: Gold prices saw a slight decline during Asian trading on Wednesday but remained close to their record highs due to U.S. President Donald Trump’s threat to introduce more tariffs on crucial imports. The uncertainty around Federal Reserve’s future interest […]
Japan’s Economy Expands Faster than Expected, Boosted by Investment and Consumption
Japan’s Economy Expands Faster than Expected, Boosted by Investment and Consumption HG MARKETS: Japan’s economy grew at a faster-than-expected pace in the fourth quarter of 2024, driven by improved business spending and an unexpected rise in private consumption, reinforcing the Bank of Japan’s (BOJ) case for further interest rate hikes. Preliminary data released on Monday […]
January Retail Sales Plunge Amid Harsh Weather and Tariff Uncertainty
January Retail Sales Plunge Amid Harsh Weather and Tariff Uncertainty HG MARKETS: In January, U.S. retail sales experienced a significant drop, surprising many as harsh winter weather impacted consumer activity. The Commerce Department reported a 0.9% decline in sales, a sharp contrast to December’s revised increase of 0.7%. Economists had predicted only a slight dip […]
Natural Gas Prices Drop Following EU Price Cap Decision
Natural Gas Prices Drop Following EU Price Cap Decision HG MARKETS: US natural gas prices dropped on Wednesday, falling from their highest levels in two years in Europe. This decline came after a report suggested that the European Union is considering a price cap on natural gas. Natural gas prices fell by 0.7%, bringing the […]