Oil Stabilizes Near One-Month Lows as Supply Factors Regain Focus
Oil Stabilizes Near One-Month Lows as Supply Factors Regain Focus HG MARKETS: Oil prices remained stable on Wednesday near one-month lows, following declines in the previous two sessions, as markets assessed the potential impact of a ceasefire between Israel and Hezbollah, rising OPEC+ crude production, and fluctuating U.S. fuel inventories. Brent crude futures rose by […]
Gold Price Struggles amid Market Uncertainty and Mixed Demand Dynamics
Gold Price Struggles amid Market Uncertainty and Mixed Demand Dynamics HG MARKETS: Gold prices are struggling to sustain an intraday recovery and remain below the key $2,748-$2,750 resistance zone during early European trading on Monday. Ongoing geopolitical tensions in the Middle East and uncertainty surrounding the U.S. elections continue to underpin safe-haven demand, providing some […]
Silver Prices Struggle Amid Strong Dollar and Economic Data
Silver Prices Struggle Amid Strong Dollar and Economic Data HG MARKETS: Silver (XAG/USD) has been experiencing downward pressure for the third straight day, trading around $33.50 on Friday. This decline is primarily driven by a stronger U.S. dollar and rising Treasury yields. Recent positive economic indicators from the U.S., including a drop in unemployment […]
Oil Prices Surge 1% as Middle Eastern Tensions Escalate; Market Eyes on Forthcoming PMIs
Oil Prices Surge 1% as Middle Eastern Tensions Escalate; Market Eyes on Forthcoming PMIs HG MARKETS: Oil prices experienced a significant rise in Asian trading on Thursday, spurred by Israel’s intensified rhetoric towards Iran, while market attention turned to upcoming PMI( Purchasing Managers Index) data from key economies. After enduring two weeks of considerable losses, […]
August High For the Dollar, US Rates, And Elections in Spotlight
August High For the Dollar, US Rates, And Elections in Spotlight HG MARKETS: A too-close-to-call U.S. election campaign kept investors on edge, and the U.S. dollar held onto a 2-1/2-month high on Tuesday due to hopes that the Federal Reserve will implement interest rate decreases gradually. As speculators reduce their expectations on swift rate reduction […]
Natural Gas Unraveling the Forces Behind Price Swings and Global Demand
Natural Gas Unraveling the Forces Behind Price Swings and Global Demand HG MARKETS: Natural gas futures have become a pivotal aspect of the global energy markets, reflecting both supply dynamics and geopolitical shifts. In 2024, natural gas markets witnessed significant fluctuations, driven by factors such as geopolitical tensions, supply constraints, and fluctuating demand from industrial […]
Palladium Values May Trail Those of Other Precious Metals
Palladium Values May Trail Those of Other Precious Metals HG MARKETS: Analysts at UBS predict that palladium prices will trail those of other precious metals. Palladium’s price volatility, which has experienced swings beyond $1,000 per ounce in recent weeks, was noted by the analysts. They went on to say that this volatility is probably going […]
GBP/USD Bounces Back on Strong UK Employment Figure
GBP/USD Bounces Back on Strong UK Employment Figure HG MARKETS: The GBP/USD pair rebounded into the 1.3080s on Tuesday following a robust UK labor market report, providing support for the Pound Sterling (GBP). Earlier, the pair had weakened amid sustained US Dollar (USD) strength, driven by diminishing expectations that the US Federal Reserve (Fed) would […]
Gold Bounces Back as Investors Digest Mixed US Economic Data
Gold Bounces Back as Investors Digest Mixed US Economic Data HG MARKETS: Gold prices rebounded to $2,650 level on Friday, reflecting a response from investors to a blend of mixed signals emanating from recent US economic data. This recovery comes in the wake of resilient employment report for September, which has introduced a level of […]
Oil Drops Following a Strong Surge As Investors Reduce Their Wagers on the Likelihood of a Middle East War
Oil Drops Following a Strong Surge As Investors Reduce Their Wagers on the Likelihood of a Middle East War HG MARKETS: Tuesday saw a more than $1 drop in oil prices as investors cashed out of the previous session’s surge, which sent the market to its highest point in more than a month on worries […]