Oil prices stabilized after plunging nearly 7% this week. The market awaits the OPEC+ meeting later this week, which is expected to restore idled supply, heightening concerns about a global oversupply. Brent is trading below $66/barrel, and WTI is nearing $62. EIA data Wednesday showed US crude stockpiles rose for the first time in three…
Silver prices (XAG/USD) strengthened on Wednesday, holding above $47 per troy ounce—a 14-year high—as demand for safe-haven assets increased. Silver’s rally followed gold’s record high of US$3,895, driven by a weakening US dollar and increased caution due to the partial US government shutdown. The December silver contract briefly tested the US$47.8 area before stabilizing in…
Gold prices held steady around $3,859–$3,860/oz, just about $35 below Wednesday’s record, after a five-day rally. The onset of the US government shutdown and weak ADP data have led market participants to increase bets that the Fed will cut interest rates again this year. The shutdown risks creating a blackout for official data—including delayed non-farm…
Hong Kong’s stock market rebounded after a one-day hiatus. Signs of stabilization in the property sector and gains in technology stocks boosted positive sentiment. As of 9:55 a.m. local time, the Hang Seng Index rose 1.3% to 27,191.99, and Hang Seng Tech rose 2.2%. Tech stocks led the way: Kuaishou surged 8%, Baidu and Alibaba…
The Nikkei 225 index rose 1.0% to 44,990.71 in early trading, following a record-breaking rally on Wall Street overnight. The market appeared calm despite ongoing concerns about the US government shutdown. The gains were led by pharmaceutical and chip stocks. Chugai Pharmaceutical rose 3.2%, while Lasertec gained 4.4%, amid positive sentiment in the healthcare and…
