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…
Oil prices are on track for a third consecutive monthly decline, driven by concerns about a global oversupply, with OPEC+ expected to agree to another supply increase later this week. Brent crude fell near $64 per barrel, marking a monthly decline of more than 3%, while West Texas Intermediate (WTI) held near $60. The OPEC+…
Silver held above $48.5 per ounce on Friday and has the potential to close the week slightly higher. Demand for safe haven assets strengthened as market volatility increased, while US stocks retreated from record highs following a sell-off in the technology sector. On the policy front, the Fed cut interest rates 25 basis points earlier…
Gold prices hovered around $4,000 per ounce on Friday, after surging 2.4% the previous day. The market is still weighing the US-China trade truce, which hasn’t addressed concerns about long-term competition. Gold is headed for its second weekly decline and is already down about 9% from its record high above $4,380 on October 20, as…
The Hang Seng Index opened slightly lower by 0.07% to 26,263 on Friday (October 31st), moving flat after a 0.2% decline in the previous session to 26,283. This cautious movement occurred amid mixed sentiment: some technology stocks weakened, while the market digested news of a US-China trade truce that had not yet fully boosted risk…
