The global gold price (XAU/USD) fell to around $4,210 in early Asian trading on Wednesday morning. This decline followed a strong previous rally, when many market participants opted to take profits first. Investors also chose to wait for the release of important US economic data in the next few days before opening new positions. Today,…
The Hong Kong Stock Exchange (Hong Kong) opened trading on Tuesday (December 2) with positive sentiment. The benchmark Hang Seng Index opened up around 0.6%, rising 155 points to around 26,188.55. This increase continued the positive trend from early December, after the index closed in the green in the previous session. The opening gains were…
The Japanese stock market rebounded at the start of trading, after being pressured the previous day due to concerns about a short-term interest rate hike by the Bank of Japan (BOJ). This time, the banking and insurance sectors were the main drivers of the rally. Mizuho Financial Group shares rose 2.6%, while Dai-ichi Life Holdings…
Oil prices were steady in Asian trading on Tuesday, holding on to gains from the previous session as OPEC+ reaffirmed it will pause production increases in the first quarter, while traders continued to assess supply risks stemming from geopolitical tensions. As of 21:18 ET (02:18 GMT), Brent Oil Futures expiring in February edged up 0.1%…
Silver retreated from a record high, with a key technical indicator showing that a six-day rally has taken it into overbought territory. Gold also edged down. The white metal fell as much as 2.4% to around two dollars below the all-time peak reached in the previous session. Traders have been betting on continued supply tightness…
Gold prices weakened slightly in early Asian trading. Spot gold fell around 0.2% to around $4,223.40 per troy ounce. This movement follows a previous rally, and the market is now more cautious while awaiting signals on the direction of interest rate policy from the US central bank, the Federal Reserve (The Fed). In a note,…
