Gold prices fluctuated wildly in Wednesday’s Asian session, with XAU/USD now hovering around US$4,061 per troy ounce after previously strengthening. This rapid ups and downswing occurred as the market was still digesting the Fed’s meeting minutes and preparing for tonight’s release of US employment data (NFP). One of the main drivers of volatility was profit-taking….
Gold prices weakened to around $4,060 per ounce on Wednesday, paring some of the gains recorded in the previous session. This movement occurred as investors opted for caution ahead of the release of two important data points from the United States: the minutes of the Federal Reserve’s (FOMC) meeting, released today, and the employment report,…
The Hong Kong stock exchange opened Wednesday with limited gains. The Hang Seng Index edged up around 24 points to 25,954, indicating the market hasn’t fully lifted its cautious stance. Early in the session, technology and financial stocks were the main focus due to their inconsistent movements. In the technology sector, the Hang Seng Technology…
Oil prices moved steadily in Wednesday morning trading, with West Texas Intermediate (WTI) trading just below US$61 per barrel. Prices had previously strengthened by more than 1% on Tuesday, while Brent closed near US$65 per barrel. Market participants were weighing two main factors: a reported increase in US crude oil inventories and concerns about the…
Silver (XAG/USD) edges higher on Tuesday, trading around $50.70 at the time of writing, up 1.00% on the day. The precious metal is supported by a broad risk-off tone across markets, with investors favoring safe-haven exposure as risk assets come under pressure. This cautious mood comes ahead of long-delayed US economic releases, most notably the…
Gold prices held steady at around US$4,070 per troy ounce in Wednesday morning trading, after previously rising 0.6%. Investors are still weighing negative sentiment from the global stock market plunge, concerns about overvalued technology stocks, and diminishing hopes for an interest rate cut in the United States. Nvidia’s earnings report, due out Wednesday evening local…
