Oct 22 2024, 13:23 Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks’ interest rate cuts.Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. gold futures rose 0.2% to $2,744.40….
Oct 22 2024, 08:03 Oil steadied after surging almost 2% on Monday as traders tracked tensions in the Middle East, and broader markets carried a risk-off tone. US benchmark West Texas Intermediate was little changed just above $70 a barrel, while Brent closed near $74 in the week’s opening session. Traders are waiting to see…
Oct 22 2024, 10:32 Asian markets open lower after major US indexes decline; India braces for Hyundai debut, Asia-Pacific markets fell on Tuesday, following a mixed session on Wall Street. Australia’s S&P/ASX 200 started the day down 1.2%, while South Korea’s Kospi fell 0.82% and the small-cap Kosdaq dropped 1.40%. In contrast, Japan’s benchmark Nikkei…
Oct 21 2024, 08:19 Gold prices strengthened near $2,720 in early Asian session on Monday. Uncertainty surrounding US elections and geopolitical risks boosted demand for safe-haven assets such as Gold. Concerns over China’s economic slowdown could weigh on XAU/USD. Gold prices (XAU/USD) extended gains to around $2,720 during early Asian session on Monday. Uncertainty surrounding…
Oct 21 2024, 14:11 Oil gained – after losing almost 8% last week – as traders tracked tensions in the Middle East that pose a potential threat to supplies, and China moved to beef up aid for the economy in the largest importer. Global benchmark Brent rose above $73 a barrel, while West Texas Intermediate was near $70. On Saturday,…
Oct 21 2024, 16:19 The Hang Seng Index tumbled 326 points or 1.6% to close at 20,478 on Monday, following a 3.6% surge in the previous session. Losses were broad-based, with tech, consumers, and financials burdening the index. Traders were unimpressed by a 25bps cut to both the one-year and five-year loan prime rates in…
