Global oil prices rose slightly on Wednesday after hitting a one-month low in the previous session. Brent rose 0.43% to around US$62.75 per barrel, while WTI gained 0.41% to around US$58.19 per barrel. However, many analysts view this rise as more of a short-term technical pause, rather than the start of a strong uptrend. Market…
Silver prices (XAG/USD) continued their three-day rally, approaching US$52.00 per troy ounce during Wednesday’s Asian session. This strengthening occurred as US bond yields weakened, with the 10-year US Treasury yield holding around 4.00% after falling around 3.4% over the week. Lower yields make non-yielding assets like silver attractive again to investors. According to the CME…
Gold prices rose to a nearly two-week high on Wednesday, supported by US economic data that reinforced expectations of a Fed rate cut in December and weighed on the US dollar. Spot gold prices rose 0.8% to around US$4,161.10 per troy ounce, the highest since November 14, while US gold futures for December delivery fell…
The Hang Seng jumped 496 points, or almost 2%, to end at 25,716 on Monday, halting a six-session slide as U.S. futures rose on growing expectations of a December Fed rate cut after dovish remarks from a senior Fed official. Markets rebounded from a five-week low, boosted by solid gains across sectors. The tech index…
Oil prices took a breather on Monday after last week’s fall of about 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions. The United States and Ukraine were set to resume work on a…
Silver prices came under pressure again at the start of the week as global market sentiment remained cautious. Market participants reduced exposure to riskier assets after the global economic outlook was deemed weak, while uncertainty regarding major central bank interest rate policies also curbed buying interest in the precious metal. Silver, which typically moves in…
