Gold prices hovered around $4,000 per ounce on Friday, after surging 2.4% the previous day. The market is still weighing the US-China trade truce, which hasn’t addressed concerns about long-term competition. Gold is headed for its second weekly decline and is already down about 9% from its record high above $4,380 on October 20, as…
The Hang Seng Index opened slightly lower by 0.07% to 26,263 on Friday (October 31st), moving flat after a 0.2% decline in the previous session to 26,283. This cautious movement occurred amid mixed sentiment: some technology stocks weakened, while the market digested news of a US-China trade truce that had not yet fully boosted risk…
Japanese stocks saw significant gains on Thursday, with the Nikkei Stock Average rising 1.0% to 51,826.46. This rise was driven by a sharp weakening of the yen following the Bank of Japan’s decision to keep interest rates unchanged. This decision provided a positive boost to the market, particularly technology and electronics stocks, which recorded significant…
The meeting between US President Donald Trump and Chinese President Xi Jinping concluded after about 90 minutes of talks, aimed at defusing tensions in the trade war that has roiled global markets. The two leaders were seen shaking hands before walking together out of the meeting, which took place at Busan Airport, South Korea, on…
The Japanese yen (JPY) strengthened slightly in the Asian session on Thursday, but gains remained limited as markets awaited the Bank of Japan (BoJ) policy update. Market participants are looking for signs of an interest rate hike in December or early next year, amid speculation that new Prime Minister Sanae Takaichi will promote aggressive fiscal…
GBP/USD rebounded from support at 1.3140 (its lowest since May) and strengthened in Thursday’s Asian session, briefly returning above 1.3200. The rise was supported by a moderate weakening of the US dollar after the DXY retreated from a two-week high. Market concerns that a prolonged US government shutdown could hurt the economy also weakened the…
