Gold and silver retreated from record highs. Gold fell 2.9% to $4,004.26/oz the previous day after dropping 6.3% intraday, its biggest drop in over 12 years. Silver also fell more than 2% to around $47.6/oz after a 7.1% drop in the previous session. In Asia, stocks traded mixed after Wall Street ran out of steam,…
Oil slipped after its biggest jump in six months as Israel said its retaliation for attacks by militant group Hamas over the weekend had “only started,” increasing the prospect of fresh instability in the region as the fighting enters its fourth day. West Texas Intermediate declined 0.3% after surging 4.3% on Monday, as markets reacted to fighting that began…
Hong Kong stocks rose 213 points, or 0.8%, to 26,025 on Monday morning, extending their gains for a second session as market participants opened the final week of 2025. The Hang Seng Index also hovered near a three-week high, with gains across many sectors. Sentiment was also boosted by the Shanghai market, where the benchmark…
The S&P 500 dropped Friday, notching its worst week since March 2023, as investors assessed the fallout from a weak August jobs report and ditched leading technology stocks. The broad index slid 1.73% to settle at 5,408.42, while the Nasdaq Composite shed 2.55% to close at 16,690.83. The tech-heavy index ended the session more than…
The Hong Kong stock index weakened in Monday morning trading, dropping around 165 points or 0.6% to 25,915. This correction halted the previous two sessions’ rally. Most sectors fell, with financial and consumer stocks leading the decline. Investors have become more cautious after consecutive gains, opting to hold off while awaiting new data and sentiment….
Silver (XAG/USD) weakened after two days of gains, trading around $38.10/oz during the European session on Friday (August 22nd). The daily chart is still forming a descending channel, indicating a bearish bias remains active, although there is room for a short-term bounce. Momentum-wise, the 14-day Relative Strength Index (RSI) is above 50, suggesting a mild…
