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 strengthened on Monday, hitting a high above $44 a troy ounce, supported by a weakening US dollar and growing expectations of further interest rate cuts by the Federal Reserve. Market sentiment was also influenced by global political uncertainty, which boosted demand for safe-haven assets such as precious metals. Silver, which often follows gold,…
Sep 27 2024, 11:42 Shares in Hong Kong jumped 541 points or 2.7% to 20,476 in early trade on Friday, extending a rally from the prior session and notching their highest level in 19 months after China, as flagged by PBoC Governor Pan Gongsheng earlier this week, cut RRR by 50bps, the second reduction this…
The global gold price remains stable at around $4,500 per ounce after three consecutive days of sharp gains. Traders are now more focused on US economic data due this week, rather than the geopolitical tensions heating up in several parts of the world. This price adjustment indicates investors remain cautious, awaiting the latest information that…
Oil prices held weak after a sharp decline, amid cautious optimism that Middle East tensions are easing and global supply is likely to loosen. Brent traded near $65/barrel after falling 1.6% on Thursday, while WTI hovered below $62. Israel agreed to a framework deal that includes the release of hostages by Hamas in exchange for…
Gold prices fell suddenly during the Asian trading session on Thursday (December 4), after previously holding firm above the $4,200 per troy ounce area. This movement reflected a brief correction rather than a major trend change, as gold was still trading within that upper range. Market participants took advantage of the sharp rally in recent…
