Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and…
Hong Kong stocks rose 93 points, or 0.4%, to 26,480 in early trade on Monday, marking gains for the second session. Sentiment was supported by a modest rise in U.S. futures ahead of the Fed’s policy meeting later this week, where the central bank is widely expected to cut rates by 25bps, though some traders…
Oil prices fell in Asian trading on Friday (September 12th), fueled by concerns about slowing global demand and rising supply. However, Brent and WTI crude oil still recorded slight gains this week, supported by geopolitical tensions between Russia and Ukraine and conflicts in the Middle East. Brent for November weakened 0.5% to $66.03 per barrel,…
Silver price (XAG/USD) extends its winning streak for the third successive session, marking a fresh 14-year high at $42.17 during the Asian hours on Friday. The precious Silver attracts buyers as market expectations for three Federal Reserve (Fed) rate cuts this year increase after US Weekly Initial Jobless Claims climbed to their highest since October…
Global gold prices continue to strengthen, approaching $3,650 per ounce and heading for a fourth weekly gain, driven by large inflows into bullion-backed ETFs. This rally comes amid expectations that the Federal Reserve is ready to cut US interest rates after consumer inflation data matched expectations and the labor market weakened. Silver also strengthened to…
Hong Kong shares surged 375 points, or 1.4%, to 26,405 on Friday morning’s trade, reversing losses in the prior session and hitting their highest in over four years. The rally was broad-based, tracking a global rally after Wall Street’s S&P 500 notched a third record close Thursday following higher-than-expected US jobless claims that solidified bets…
