Gold Steady as Trump’s Remarks Fan Uncertainty Across Markets
Gold prices remained stable as investors sought safe-haven assets amid renewed market uncertainty triggered by comments from former President Donald Trump. The precious metal traded near key levels, reflecting cautious sentiment across global markets. Trump’s remarks on geopolitical tensions and potential economic policies fueled volatility, pushing traders to hedge against risks. While equity markets showed […]
Gold Price Forecast: XAU/USD firmer above $2,630
Gold prices continued their upward momentum, with XAU/USD trading above $2,630, driven by a mix of market optimism and lingering concerns over global economic conditions. The precious metal benefited from a weaker dollar and renewed interest in safe-haven assets, as traders sought stability amid geopolitical tensions and uncertainty around central bank policies. The rally underscores […]
Gold price holds firm despite higher US Treasury yields
Gold prices maintained stability despite an uptick in US Treasury yields, signaling resilience in the face of increasing borrowing costs. Spot gold hovered around $1,950 per ounce, reflecting investor caution as yields on the 10-year Treasury note climbed to multi-month highs. Typically, rising yields dampen gold’s appeal by increasing the opportunity cost of holding the […]
Gold Price Forecast: XAU/USD holds below $2,650 as traders await fresh catalysts
Gold prices remained below $2,650 as traders awaited clearer signals from economic data and Federal Reserve commentary. Despite persistent global uncertainties, the precious metal’s momentum has stalled, with investors taking a cautious stance. The lack of significant drivers in recent sessions has left gold range-bound, testing the patience of bulls betting on higher prices. Analysts […]
Oil Rises for Sixth Day as Wider Market Optimism Fuels Bulls
Oil prices extended their rally for the sixth consecutive day, buoyed by a surge in global market confidence. Investors remain bullish as improved sentiment in equity markets spills over into commodities, fueling a rise in crude prices. Brent crude edged closer to $80 a barrel, while U.S. West Texas Intermediate (WTI) maintained gains near $76, […]
Gold Holds Decline After Fed Officials Express Inflation Concern
Gold prices edged lower as Federal Reserve officials signaled ongoing concerns about inflation, keeping markets wary of potential policy tightening. The metal’s retreat follows hawkish remarks from policymakers, who emphasized the need to stay vigilant against inflationary pressures, even as signs of economic resilience persist. The Fed’s commitment to controlling inflation has weighed on gold, […]
Asian Stocks Fluctuate After Wall Street Rebound: Markets Wrap
Asian equities traded with mixed performance as investors digested Wall Street’s recovery, fueled by optimism over economic resilience. Despite positive cues from U.S. markets, concerns over global growth and ongoing monetary policy tightening kept regional gains in check. Japan’s Nikkei 225 edged higher, supported by strong corporate earnings, while Hong Kong’s Hang Seng retreated, weighed […]
PBOC vows more stimulus to boost consumption
The People’s Bank of China (PBOC) has reaffirmed its commitment to bolstering economic recovery by rolling out additional stimulus measures aimed at boosting consumption. In its latest statement, the central bank emphasized its focus on maintaining a “prudent and targeted” monetary policy while supporting key sectors such as infrastructure and green energy. This move aligns […]
WTI crude gains fifth straight day, breaking above December high
WTI crude oil surged for the fifth consecutive session, breaking above its December high, as optimism over global demand fueled bullish sentiment. Prices settled at $82.34 per barrel, marking a 1.8% increase for the day. This rally reflects growing confidence in the global economy’s resilience, with improving manufacturing data in major economies further supporting crude’s […]
Oil Rally Breaks Crude Out of Tight Range With Technical Support
Oil prices rallied sharply, breaking free from a weeks-long tight trading range. The surge was driven by robust technical support levels that reignited bullish momentum in the energy markets. Brent crude climbed over 3% to trade above $83 a barrel, while West Texas Intermediate (WTI) saw similar gains, crossing $79. Traders pointed to a mix […]
