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Gold price eyes all-time high as US economy cools
Gold price eyes all-time high as US economy cools
2024-03-05
Gold is nearing a 3-month peak on Tuesday as markets anticipate the Fed's June rate cut. It surged $50 last week due to weak US data.
​Oil industry cheers OPEC+ cut extension
​Oil industry cheers OPEC+ cut extension
2024-03-04
Oil prices surged as OPEC+ decided to prolong voluntary output cuts by 2.2 million bpd into Q2, meeting market forecasts.
​Gold shrugs off PCE amid Putin’s nuclear threats
​Gold shrugs off PCE amid Putin’s nuclear threats
2024-03-01
Gold steadied near one-month highs post-US inflation data meeting expectations, with a 62% likelihood of a June Fed rate cut factored in by markets.
PCE price index Jan - U.S. consumer index stable
PCE price index Jan - U.S. consumer index stable
2024-02-29
Core PCE price index increased 2.9% in December from a year earlier, cooling to an almost three-year low even with robust holiday spending.
​Oil prices sag as US crude stock build continues
​Oil prices sag as US crude stock build continues
2024-02-29
Thursday saw oil prices dip due to a significant rise in US crude stockpiles, sparking concerns over sluggish demand and prolonged high interest rates.
Cash shower infuses US stocks with optimism
Cash shower infuses US stocks with optimism
2024-02-28
US stocks ended Tuesday nearly flat as the earnings season winds down. Equities surged recently, mainly driven by enthusiasm for AI stocks.
Japanese and Chinese equities vie for inflows
Japanese and Chinese equities vie for inflows
2024-02-27
Japan's Nikkei 225 index rose on Tuesday, extending gains from the previous session as China's winning streak ended. Nikkei is up about 17% this year.
High rates rear its ugly head in the oil market
High rates rear its ugly head in the oil market
2024-02-26
Asian oil prices dropped Monday, continuing losses from the prior session, with a weekly decline of 2-3% due to fading rate cuts.
Global stocks shatter records despite high interest rates
Global stocks shatter records despite high interest rates
2024-02-23
Asian investors enter Friday's trading buoyed by a global market surge. Yet, caution is warranted with Treasury yields up and the dollar resilient.
Reluctant BOJ and dollar strength undercut yen
Reluctant BOJ and dollar strength undercut yen
2024-02-22
Despite Japanese officials' concerns over the yen's rapid decline, it traded below 150 per dollar on Thursday, marking a 6% drop this year.
Bond market rally benefits gold prices
Bond market rally benefits gold prices
2024-02-21
Gold prices surged to a week-high on Wednesday amid a weak dollar. China's rate cuts to support the economy dampen demand for safe-haven assets.
China travel boom underpins oil prices
China travel boom underpins oil prices
2024-02-20
Asian oil prices held steady Tuesday, near three-week highs, amid rising Middle East tensions and rebounding Chinese demand.
Yen flirts with 150 in thin trade
Yen flirts with 150 in thin trade
2024-02-19
On Monday, the yen hovered around the crucial 150 per dollar mark in light trading due to the President's Day holiday closing US markets.
​Japan retail investors catch India fever
​Japan retail investors catch India fever
2024-02-14
India's BSE Sensex and NSE Nifty surged after the interim budget. Goldman Sachs predicts Nifty hitting 23,500 by the end of 2024.
Analysts more bullish on silver than on gold in 2024
Analysts more bullish on silver than on gold in 2024
2024-02-13
Gold stagnates post-failure to break an all-time high in December. The US economy and inflation trump China's property concerns and wars.