Gold prices weakened in Thursday’s Asian session, falling slightly below $4,350/oz. This movement was largely driven by profit-taking after gold had reached high levels in recent weeks, coupled with a strengthening US dollar. The strengthening dollar makes gold less attractive in the very short term, as it is priced in USD. When the USD rises,…
The Nikkei 225 Index fell 0.3% to below 36,550 while the broader Topix Index dropped 0.5% to 2,607 on Friday, with Japanese shares sliding for the third straight session as a rallying yen continued to pressure domestic equities. The Nikkei and Topix indexes are also on track to decline about 5% and 4%, respectively, this…
Apr 28 2025, 13:38 Gold price (XAU/USD) maintains its offered tone through the Asian session on Monday and currently trades below the $3,300 round-figure mark, down 0.75% for the day. Despite mixed signals from the US and China, investors remain hopeful over the potential de-escalation of tensions between the world’s two largest economies. Moreover, a…
Oct 2 2024, 02:36 Oil prices climbed about 3% on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel’s campaign against Tehran’s Hezbollah allies in Lebanon. Brent futures gained $1.86, or 2.6%, to settle at $73.56 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.66, or 2.4%,…
Sep 16 2024, 07:13 Oil was steady as traders weighed slumping Libyan crude exports against a deepening slowdown in top importer China. Brent traded near $72 a barrel after a modest gain last week, while West Texas Intermediate climbed toward $69. Libya’s exports have declined as talks led by the United Nations failed to break an impasse over…
Gold fell slightly after breaking its all-time record above $4,000/oz. At the start of Thursday’s Asian session, prices fell ±0.7% to around $4,015 after rising 1.4% the previous day. Technical indicators pointed to overbought conditions for nearly a month, triggering profit-taking after a four-day rally. Some of its safe-haven appeal eased after US President Donald…
