Silver steadied around $51 as markets digested the Fed’s October minutes which revealed a divided committee. Many officials still expect cuts at some point but a large group signalled that a December move is not certain, and that pullback in near term easing expectations strengthened the dollar and removed some momentum from the metals rally….
Gold prices fluctuated wildly in Wednesday’s Asian session, with XAU/USD now hovering around US$4,061 per troy ounce after previously strengthening. This rapid ups and downswing occurred as the market was still digesting the Fed’s meeting minutes and preparing for tonight’s release of US employment data (NFP). One of the main drivers of volatility was profit-taking….
Gold prices held steady at around US$4,070 per troy ounce in Wednesday morning trading, after previously rising 0.6%. Investors are still weighing negative sentiment from the global stock market plunge, concerns about overvalued technology stocks, and diminishing hopes for an interest rate cut in the United States. Nvidia’s earnings report, due out Wednesday evening local…
Oil prices slipped as market participants focused on easing tensions in the Middle East and rising US inventories. Brent fell below $66 per barrel, while WTI approached $62, after rising more than 1% the day before. At 8:17 a.m. Singapore time, Brent for December delivery fell 0.9% to $65.64, and WTI for November delivery fell…
Hong Kong stocks opened higher on Tuesday, following Wall Street’s rally, amid hopes of fresh stimulus after a report showed China’s manufacturing activity remained weak. The Hang Seng Index rose 0.4% to 26,736.44, while Hang Seng Tech added 1%. Technology and e-commerce stocks led the gains, with Alibaba surging nearly 2%, JD.com rising 0.8%, and…
The Hang Seng Index edged up to 26,545.10 in Hong Kong, a day after falling 1.4%. This near-flat movement indicates the market is still calculating after the previous sell-off. Among its constituents, JD.com was the largest contributor to the gain with a 3.4% gain, while Sands China led the daily gain with a 6.2% gain….
