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 […]
Lagarde speech: ECB hopes to hit 2% inflation target in 2025
European Central Bank President Christine Lagarde reaffirmed the bank’s commitment to achieving its 2% inflation target by 2025, signaling continued vigilance amid economic uncertainties. Speaking at a conference, Lagarde emphasized the ECB’s readiness to adjust policies as needed, underscoring its priority to ensure price stability across the eurozone. Lagarde’s remarks come as inflation in the […]
AUD/USD holds steady below 0.6200 ahead of Chinese PMI release
The AUD/USD pair stayed below the 0.6200 mark on Thursday, as investors maintained a cautious stance ahead of China’s latest PMI data. The subdued movement reflects concerns over global economic trends, particularly China’s manufacturing activity, which is a key driver of the Australian dollar due to trade ties. Market participants are wary that weak PMI […]
XAU/USD holds stubbornly above $2,600 as the year draws to a close
Gold prices remain resilient, with XAU/USD holding steady above $2,600, as traders assess the implications of ongoing economic uncertainty. The precious metal’s robust performance has been buoyed by persistent inflation concerns and global geopolitical tensions, cementing its status as a safe-haven asset. Despite year-end profit-taking and lighter trading volumes, gold has demonstrated remarkable stability, shrugging […]
Silver price today: Silver falls, according to FXStreet data
Silver prices saw a dip today, reflecting a cautious market tone as traders weighed potential risks in the broader economic landscape. According to FXStreet data, the decline comes amid a recent fluctuation in precious metals, with silver falling from its recent highs as the U.S. dollar firmed and bond yields remained elevated. The drop aligns […]