Oct 7 2024, 09:13 The Hang Seng Index is higher on Monday with recent trading volumes posting exceptional numbers, even during China’s public holidays. This is a tailwind that investors can’t ignore. Moreover, China National Development and Reform Commission will be holding a press conference on Tuesday to discuss a package of incremental economic policies which is expected…
Gold prices traded around $4,270 per troy ounce on Friday, approaching a seven-week high and poised to close the week with gains. This increase was driven by expectations that the Fed will continue to ease monetary policy for some time to come. For the market, gold is once again being viewed as a safe haven…
The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates. Minutes of the Federal Reserve’s July policy meeting and a speech from Chair Jerome Powell at Jackson…
Gold is steady in the early morning Asian session, but may edge lower in a possible technical correction after the front-month Comex gold contract for August delivery settled at a new record high overnight. But any losses are likely to be limited ahead of U.S. CPI data due out today. This data could be a…
Sep 27 2024, 09:53 Gold remained near $2,670 per ounce on Friday, trading at record levels as markets braced for the highly anticipated US PCE report for further guidance on the Federal Reserve’s monetary policy outlook. The Fed’s preferred inflation gauge will be closely monitored later in the day, as strong data from Thursday challenged…
Gold prices held steady around $3,859–$3,860/oz, just about $35 below Wednesday’s record, after a five-day rally. The onset of the US government shutdown and weak ADP data have led market participants to increase bets that the Fed will cut interest rates again this year. The shutdown risks creating a blackout for official data—including delayed non-farm…
