Silver prices strengthened on Monday, hitting a high above $44 a troy ounce, supported by a weakening US dollar and growing expectations of further interest rate cuts by the Federal Reserve. Market sentiment was also influenced by global political uncertainty, which boosted demand for safe-haven assets such as precious metals. Silver, which often follows gold,…
The Hang Seng Index fell for the second day, dropping 0.7%, or 185.02 to 26,159.12 in Hong Kong. The index dropped to the lowest closing level since Sept. 11. Meituan contributed the most to the index decline, decreasing 2.8%. Baidu Inc. had the largest drop, falling 5.4%. Today, 67 of 88 shares fell, while 18…
Oil prices weakened on Friday due to concerns about US demand, although they remained on track for weekly gains thanks to the Fed’s interest rate cut, which could boost consumption. At 08:50 GMT, Brent’s November contract fell to $66.88/barrel, while WTI weakened to $62.61/barrel. Russia-Ukraine tensions remain a drag, posing a risk of disrupting supply….
Oil was little changed after advancing last week, as traders weighed moves to crack down on Russian flows against forecasts for a surplus later in the year. Brent traded near $67 a barrel, after adding 2.3% last week, while West Texas Intermediate was below $63. US President Donald Trump reiterated calls that Europe must stop buying oil from…
Silver prices (XAG/USD) weakened slightly and held near 14-year peaks in early Asian trading on Monday, hovering around $42 per troy ounce as markets await the Fed’s decision this week. Economists’ consensus points to a 25-bps rate cut as the first baseline scenario in nine months, maintaining interest in the yield-free precious metal. Real-time data…
Tokyo – Japanese stocks rallied for a third consecutive day on Friday (September 12th), led by gains in technology stocks. US inflation data that met expectations reinforced the view that the Federal Reserve will cut interest rates next week for the first time this year. The Topix index closed up 0.4% to 3,160.49, while the…
