The Hang Seng Index edged up to 26,545.10 in Hong Kong, a day after falling 1.4%. This near-flat movement indicates the market is still calculating after the previous sell-off. Among its constituents, JD.com was the largest contributor to the gain with a 3.4% gain, while Sands China led the daily gain with a 6.2% gain….
Oil prices weakened on Friday due to concerns about US demand, although they remained on track for weekly gains thanks to the Fed’s interest rate cut, which could boost consumption. At 08:50 GMT, Brent’s November contract fell to $66.88/barrel, while WTI weakened to $62.61/barrel. Russia-Ukraine tensions remain a drag, posing a risk of disrupting supply….
Silver prices (XAG/USD) continued Thursday’s gains and approached $42.40/oz during Friday’s European session. Sentiment was boosted by expectations of policy easing after the Federal Reserve began its interest rate cut campaign amid concerns about a weakening US labor market. On Wednesday, the Fed cut interest rates by 25 bps to a range of 4.00%–4.25% and…
Gold prices edged up on Friday and are poised to post a fifth consecutive weekly gain after the Fed’s first interest rate cut of the year. Spot gold rose 0.2% to $3,650.89/oz (08:17 GMT), while December futures rose 0.1% to $3,683.40; on a weekly basis, bullion is up 0.2%. The main driver remains the Fed’s…
