Silver prices corrected after hitting a new record high. In Asian trading (Singapore), silver fell as much as 2.4% to around $57.09 per ounce, before settling around $57.43. Despite the correction, the price remains less than $2 from its previous record of $58.97. This correction occurred due to profit-taking by traders following the sharp rally…
Gold prices fell suddenly during the Asian trading session on Thursday (December 4), after previously holding firm above the $4,200 per troy ounce area. This movement reflected a brief correction rather than a major trend change, as gold was still trading within that upper range. Market participants took advantage of the sharp rally in recent…
Shares in Hong Kong dipped 273 points, or 1.0%, to 25,826 in early Wednesday trade, reversing gains from the prior two sessions amid steep, broad-based losses across sectors. Traders were nervous ahead of key policy events in China, including the annual Central Economic Work Conference and the December Politburo meeting. Fresh private survey data also…
The Nikkei index has the potential to rise in today’s trading after Wall Street rallied overnight. Nikkei futures on the SGX rose around 0.6% to 49,590, signaling a fairly positive start. On Tuesday, the Nikkei closed nearly flat at 49,303.45, so the market is still waiting for a new trigger for a clearer move. On…
Oil prices fell slightly in Asian trading on Wednesday after dropping more than 1% in the previous session. The market is still digesting the results of high-level talks between the United States and Russia on efforts to end the war in Ukraine. Brent for February fell 0.3% to $62.24 per barrel, while WTI also weakened…
Silver remains stable near its record high after rising about 17% over the past seven sessions. This rally is due to traders expecting lower US interest rates, which typically benefit precious metals. Meanwhile, gold prices remained flat after a two-day decline, reflecting the market’s anticipation of new monetary policy direction from the Federal Reserve. Investors…
