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Central banks throw weight behind gold rally
Central banks throw weight behind gold rally
2024-06-28
Gold prices pared gains Friday after rising over 1% previously, with a focus on key US inflation data for Fed policy clues.
All Eyes on Friday with Yen Below 160
All Eyes on Friday with Yen Below 160
2024-06-28
The yen hovered near a 38-year low below 160 per dollar. Finance Minister Shunichi Suzuki said authorities would take the necessary actions.
Investors Bet on Continued Rally in US Gas
Investors Bet on Continued Rally in US Gas
2024-06-27
Oil prices fell early on Wednesday in Asia due to unexpected US stockpile jumps, which raised concerns about weaker demand trends.
Nikkei Reclaims 39,000 Despite Hopeless Yen
Nikkei Reclaims 39,000 Despite Hopeless Yen
2024-06-26
The yen hit a 34-year low of 160 per dollar on Tuesday, subduing Asian shares. Japan’s Nikkei 225 reached 39,000, its highest since June 11.
Tech Fatigue and Market Complacency Worry Investors
Tech Fatigue and Market Complacency Worry Investors
2024-06-25
The S&P 500 and Nasdaq 100 closed slightly lower Friday, with Nvidia shares declining for a second day, showing signs of big tech exhaustion.
Sterling Extends Rally Against Swiss Franc after Policy Decisions
Sterling Extends Rally Against Swiss Franc after Policy Decisions
2024-06-25
Sterling aimed for a third gain against the Swiss franc on Friday due to BOE and SNB policy divergence, but a sour market mood capped it.
Oil Prices Pull Back as China Data Disappoint
Oil Prices Pull Back as China Data Disappoint
2024-06-21
Oil prices dipped Wednesday from seven-week highs as demand optimism and conflict concerns offset a rise in US crude inventories.
UK Stocks Surge as French Market Struggles
UK Stocks Surge as French Market Struggles
2024-06-21
French stocks and the euro are volatile as France Euro 2024 star Mbappe calls on young people to get involved in politics.
Euro May Fall Further Against Swiss Franc Amid Fear
Euro May Fall Further Against Swiss Franc Amid Fear
2024-06-21
On Wednesday, EU political turmoil pushed the euro near mid-February lows against the Swiss franc, boosting safe-haven appeal.
AI Rally Goes On and On Even Without Rate Cuts
AI Rally Goes On and On Even Without Rate Cuts
2024-06-18
The S&P 500 and Nasdaq 100 hit record highs as tech shares surged on AI enthusiasm, with less concern over Fed rate cuts this year.
Gold Prices Drop with Lingering Political Uncertainty
Gold Prices Drop with Lingering Political Uncertainty
2024-06-18
Gold prices fell Monday as Treasury yields rose. Despite high prices, Asian retail buyers remain keen to purchase more of the precious metal.
Oil Prices on Track for Weekly Gain Heading into Summer
Oil Prices on Track for Weekly Gain Heading into Summer
2024-06-18
Oil prices fell Friday but aimed for their first weekly gain in four weeks, balancing high US interest rates against strong demand outlooks.
Nikkei 225 Falters Amid Subdued Capex Trends
Nikkei 225 Falters Amid Subdued Capex Trends
2024-06-14
Nikkei 225 fell on Wednesday amid an ongoing poor performance. Speculation rises on the BOJ considering the interest rate hike to bolster the yen.
US Stocks Notch Records Before Fed Decision
US Stocks Notch Records Before Fed Decision
2024-06-14
Nasdaq 100 and S&P 500 hit all-time highs Tuesday. Investors expect no Fed rate change, but the FOMC will release its economic projections.
Bullion Caught Between China Buying and US Rate Changes
Bullion Caught Between China Buying and US Rate Changes
2024-06-14
Gold prices fell Thursday after an encouraging inflation report and the Fed reducing its rate cut expectations for this year from three to one.