Gold Price Forecast: XAU/USD loses ground below $2,700 amid firmer US Dollar
Gold prices slipped below $2,700 per ounce, pressured by a stronger US Dollar and a cautious market sentiment. The metal struggled to maintain momentum as the greenback gained on robust economic data, reinforcing expectations of a more hawkish Federal Reserve stance. Traders pointed to concerns over rising US Treasury yields as another factor weighing on […]
Asian Stocks Drop, Oil Rises on Russia Sanctions: Markets Wrap
Asian stock markets retreated on Monday, weighed down by heightened geopolitical concerns and rising oil prices. Key indices across the region, including Japan’s Nikkei 225 and Hong Kong’s Hang Seng, posted declines as investors digested the implications of new Western sanctions on Russia. These developments have exacerbated fears of economic disruption, pressuring risk-sensitive assets. Brent […]
Oil markets: Brace for increased volatility in 2025
The oil markets are set for increased volatility in 2025, driven by fluctuating global demand, geopolitical tensions, and evolving energy policies. Analysts suggest that uncertainties surrounding economic recovery in key economies and production adjustments by major exporters could amplify market swings. The Organization of the Petroleum Exporting Countries (OPEC) is also expected to play a […]
Gold Holds Gain as Traders Seek Safety From US Rate Uncertainty
Gold prices held steady, reflecting investor caution amid growing uncertainty over the Federal Reserve’s next moves on interest rates. As concerns about global economic stability persist, gold’s safe-haven appeal has drawn steady demand, pushing the metal’s value higher in recent trading sessions. The market remains sensitive to signals from Fed officials, who have emphasized a […]
Oil Hits Four-Month High After Sweeping US Sanctions on Russia
Oil prices surged to a four-month high following sweeping US sanctions on Russian energy exports, aiming to curtail Moscow’s revenue streams amid ongoing geopolitical tensions. The sanctions, which target key aspects of Russia’s oil industry, are part of broader measures to pressure the Kremlin over its involvement in Ukraine. Brent crude rose 2% to settle […]
Stocks fall ahead of US jobs, China yields rise: markets wrap
Global markets experienced a cautious downturn as stocks fell ahead of the U.S. jobs report, with investors bracing for potential insights into the Federal Reserve’s next moves. The decline reflects growing unease about the strength of the labor market and its implications for monetary policy, leading to subdued sentiment across equities. In Asia, Chinese government […]
Gold Steady After Three-Day Gain With US Payrolls in Focus
Gold prices steadied on Friday, holding gains after a three-day rally fueled by softer U.S. economic data. Investors are now closely watching the upcoming US nonfarm payrolls report, which is expected to provide crucial insights into the Federal Reserve’s next policy steps. Spot gold remained near $1,925 per ounce, with markets in a cautious stance […]
Oil Extends Gains as Falling Inventories Outweigh China Concerns
Oil prices extended their rally on Thursday, driven by declining U.S. crude inventories that signaled tightening supply, despite lingering concerns over China’s sluggish economic recovery. West Texas Intermediate (WTI) rose 1.2%, reaching $88.45 a barrel, while Brent crude climbed to $91.15, supported by signs of robust demand in the U.S. and a weaker dollar boosting […]
Asian Stocks Slip with US Jobs Data in Focus: Markets Wrap
Asian stocks retreated as investors braced for the latest U.S. jobs data, a key indicator that could influence the Federal Reserve’s next moves on interest rates. Benchmarks across major markets in Asia showed declines, with technology and export-oriented sectors hit hardest amid rising uncertainty. The cautious sentiment reflected concerns that resilient employment figures might sustain […]
Gold hits four-week high as focus shifts to US Nonfarm Payrolls
Gold prices climbed to a four-week high on Thursday, supported by a weaker dollar and growing anticipation around the U.S. Nonfarm Payrolls report due Friday. Spot gold advanced 0.4% to $1,950.80 per ounce, while U.S. gold futures settled at $1,953.10. The dollar’s retreat has enhanced gold’s appeal as an alternative asset, further buoying investor sentiment. […]