Gold prices weakened in early December, dragged down by investor caution ahead of the Federal Reserve’s looming interest rate decision. Amid speculation that the Fed was ready to cut rates again this month, market participants opted to hold back, keeping gold’s movements limited. Pressure from the mixed US dollar also prevented gold from posting significant…
Japanese stocks rose on Wednesday as artificial intelligence (AI)-related stocks rallied and hopes for a US interest rate cut grew. The Topix index rose 2% to 3,355.50 as of 3:30 p.m. Tokyo time, while the Nikkei 225 gained 1.8% to 49,559.07. Of the 1,668 stocks on the Topix index, 1,471 rose, only 166 fell, and…
Global oil prices rose slightly on Wednesday after hitting a one-month low in the previous session. Brent rose 0.43% to around US$62.75 per barrel, while WTI gained 0.41% to around US$58.19 per barrel. However, many analysts view this rise as more of a short-term technical pause, rather than the start of a strong uptrend. Market…
Silver prices (XAG/USD) continued their three-day rally, approaching US$52.00 per troy ounce during Wednesday’s Asian session. This strengthening occurred as US bond yields weakened, with the 10-year US Treasury yield holding around 4.00% after falling around 3.4% over the week. Lower yields make non-yielding assets like silver attractive again to investors. According to the CME…
Gold prices rose to a nearly two-week high on Wednesday, supported by US economic data that reinforced expectations of a Fed rate cut in December and weighed on the US dollar. Spot gold prices rose 0.8% to around US$4,161.10 per troy ounce, the highest since November 14, while US gold futures for December delivery fell…
The Hang Seng jumped 496 points, or almost 2%, to end at 25,716 on Monday, halting a six-session slide as U.S. futures rose on growing expectations of a December Fed rate cut after dovish remarks from a senior Fed official. Markets rebounded from a five-week low, boosted by solid gains across sectors. The tech index…
