Oil Kicks Off New Year Higher on Signs of Lower US Stockpiles
Oil prices edged higher at the start of the year, fueled by expectations of lower US crude stockpiles and optimism over global demand. Investors are betting on tighter supplies as preliminary data suggests a drawdown in inventories, signaling stronger-than-expected consumption during the holiday season. The market also remains supported by recent production cuts from OPEC+ […]
Bank of Korea governor says monetary easing this year will be flexible
The Bank of Korea’s governor, Rhee Chang-yong, has signaled a more flexible approach to monetary easing this year, highlighting the central bank’s readiness to adapt to shifting economic conditions. Speaking at a press briefing, Rhee emphasized the need to balance inflation concerns with supporting economic growth, as South Korea grapples with slowing exports and weak […]
South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows
South Korea’s manufacturing sector ended 2024 on a somber note as factory activity contracted further in December, according to the latest Purchasing Managers’ Index (PMI). The index dropped to 48.2, signaling a sharper downturn from November’s 49.1 and reflecting heightened challenges for businesses amid weakening global demand. A reading below 50 indicates contraction in activity. […]
Gold Price Forecast: XAU/USD posts modest gains above $2,600, focus on Trump policies
Gold prices climbed modestly above $2,600, supported by investor interest amid ongoing speculation about future U.S. economic policies under the Trump administration. The precious metal’s gains reflect cautious optimism in financial markets, as traders assess the potential impacts of regulatory changes and fiscal stimulus. Analysts point to gold’s resilience, even as the dollar strengthens, suggesting […]
Asia Kicks Off New Year After Ominous End to 2024: Markets Wrap
Asian markets began the new year with a mixed tone, reflecting lingering concerns from a tumultuous close to 2024. Investors remain cautious as global growth fears, inflationary pressures, and geopolitical tensions cast a shadow over market sentiment. Key indices across the region saw uneven performance, with Japan’s Nikkei 225 posting mild gains, while Hong Kong’s […]
Gold Holds After 27% Annual Gain as Traders Mull US Rate Path
Gold prices remained stable after a remarkable 27% annual gain, with investors closely watching the Federal Reserve’s potential moves on interest rates. The precious metal’s robust performance reflects its appeal as a hedge against inflation and economic uncertainty, bolstered by fluctuating economic data and geopolitical tensions. Traders are now gauging how upcoming Federal Reserve meetings […]
