Gold fell slightly after breaking its all-time record above $4,000/oz. At the start of Thursday’s Asian session, prices fell ±0.7% to around $4,015 after rising 1.4% the previous day. Technical indicators pointed to overbought conditions for nearly a month, triggering profit-taking after a four-day rally. Some of its safe-haven appeal eased after US President Donald…
Silver prices (XAG/USD) weakened slightly in the Asian session on Thursday (October 9th), hovering within a high range after hitting a new record near $49.6 per ounce the previous day. The main drivers came from gold’s rally to reach $4,000, demand for hedge funds, and speculation of interest rate cuts, which has boosted appetite for…
Oil prices continued to rise on Tuesday after OPEC+ increased November production by only 137,000 bpd, less than expected. Concerns about oversupply have eased. Brent rose $0.23 (0.35%) to $65.70/barrel at 03:56 GMT, while WTI rose $0.21 (0.34%) to $61.90. The day before, both contracts had closed up more than 1% following the OPEC+ decision,…
Gold hit a new record on Tuesday as the US Congressional deadlock showed no signs of ending and the market was almost certain to price in an interest rate cut this month. Spot gold rose 0.4% to $3,974.09/oz at 04:46 GMT—near the intraday record of $3,977.19—while December futures rose 0.5% to $3,996.40. According to Kelvin…
Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty & Development is 4.6% higher. USD/JPY is at 150.43, compared with 150.13 as of Monday’s Tokyo stock market close….
Budget discussions in the United States Congress have reached another deadlock after overnight meetings failed to produce an agreement between Republicans and Democrats. This situation has pushed the partial federal government shutdown into its second week, raising concerns about domestic and global economic stability. The failure to reach an agreement occurred after the Senate rejected…
