Oil prices fell on Friday (January 30th) after a three-day rally, as risk-off sentiment swept the market: Asian stocks weakened and the dollar strengthened, making dollar-denominated commodities less attractive. In Asian trading, Brent fell back below $70/barrel and WTI weakened to around $64/barrel, after breaking through $70 the previous day for the first time since…
Silver (XAG/USD) suddenly reversed direction on Thursday after a frenzied rally that briefly hit an intraday record of $121.65/oz. Following the euphoria, the market began locking in profits—resulting in wild swings. XAG/USD is now around $115.30/oz, down -1.29% today. Today’s range is very wide, from a low of $106.81 to a high of $121.65—a sign…
Gold prices fell sharply on Friday (January 30th) after the market was busy betting that the next Fed Chair would be more hawkish. Spot gold fell 4.2% to $5,172.80/oz at 07:16 GMT, after dropping more than 5% and hitting a record high of $5,594.82/oz the day before. Despite today’s loss, gold’s monthly performance remains impressive:…
The Hang Seng Index fell 2.1% to 27,387.11 in Hong Kong. This was its biggest daily decline since November 21, after rising 0.5% the previous day. The decline was led by the commerce & industrial sector, with all sectors weakening. Of the 88 stocks, 79 fell and only 9 rose—a sign of fairly even selling….
The Nikkei 225 index fell 0.1% to close at 53,323 on Friday, snapping a three-day uptrend. The greatest pressure came from technology stocks, as the market began to worry about whether massive investments in the artificial intelligence (AI) sector could be sustained. Sentiment weakened after US futures fell, bringing the Japanese stock market into a…
Oil prices continued to weaken following Donald Trump’s statement that Venezuela would hand over tens of millions of barrels of crude oil to the United States. Brent oil fell to near US$60 per barrel, while WTI hovered around US$56, extending its decline since the beginning of the year. Trump stated that up to 50 million…
