Silver prices (XAG/USD) have risen for three consecutive sessions and are hovering around $50.90/oz in Asia this morning. This “non-interest-bearing” metal is gaining traction as US economic uncertainty heightens expectations of a Fed interest rate cut. Fed Governor Stephen Miran’s comments to CNBC that inflation is starting to ease—even opening up the option of a…
Gold prices rose in the Asian session, with spot prices at $4,142/oz and December futures at $4,148/oz. Although risk appetite improved due to progress toward ending the longest US shutdown, concerns over its economic impact kept safe-haven demand strong. The recent strengthening of the dollar did little to halt the rally; gold returned to the…
Hong Kong stocks continued their decline on Wednesday, with the Hang Seng Index falling 1.1% to 25,664.92, after losing 0.8% in the previous session. The decline was driven by weakness in major technology stocks such as Alibaba, JD.com, and Tencent, which fell 2.2%, 1.4%, and 1.2%, respectively. Market sentiment was also affected by concerns about…
Japanese stocks experienced a sharp decline on Wednesday, led by chip and electronics stocks, which were pressured by weakness in US technology stocks overnight. The Nikkei Stock Average fell 1.9% to 50,523.00. Stocks such as Kioxia Holdings fell 11%, SoftBank Group fell 9.1%, and Advantest plunged 8.1%. This decline reflects uncertainty in the Japanese market…
Oil prices fell for a second straight day after an industry report showed the largest increase in US crude inventories in more than three months. Brent prices slumped towards $64 per barrel, while West Texas Intermediate (WTI) hovered around $60 per barrel. A report from the American Petroleum Institute (API) showed that US crude inventories…
Gold prices rebounded after their biggest drop in more than a week, driven by widespread risk-off sentiment in financial markets, boosting demand for safe assets. Spot gold rose to near $3,950 per ounce, after falling nearly 2% in the previous session, as the US dollar continued to strengthen. Global stock markets resumed their decline on…
