Sep 17 2024, 06:38 Gold held near a record high, as traders’ uncertainty about the Federal Reserve’s interest-rate decision is the highest since 2007. Bullion was near $2,580 an ounce in early Asia hours ahead of the Fed’s Sept. 17-18 gathering. Whether policymakers will cut interest rates by a quarter-point or a half-point is considered a tossup in…
Oil prices remain stable near their lowest level in almost two months, as the market is more concerned about oversupply than the impact of geopolitical tensions. Brent held around US$61/barrel after closing at its lowest level since October 20, while WTI remains below US$58/barrel. The main pressure comes from expectations of a widening supply surplus:…
Silver prices are still moving at high levels today, holding near record levels after a sharp rally in recent weeks. The main sentiment stems from expectations of further monetary easing in the US after the Fed cut interest rates again. Lower interest rates make non-yielding assets like silver and gold more attractive, especially amid inflation…
Oct 21 2024, 16:19 The Hang Seng Index tumbled 326 points or 1.6% to close at 20,478 on Monday, following a 3.6% surge in the previous session. Losses were broad-based, with tech, consumers, and financials burdening the index. Traders were unimpressed by a 25bps cut to both the one-year and five-year loan prime rates in…
Gold fell for a sixth straight day, the longest losing run in more than 13 months, on the prospect of a higher-for-longer global interest-rate scenario. Bullion fell 4% last week as a drop below $1,900 an ounce triggered outflows from exchange-traded funds, with investors cutting bullish gold bets to a five-week low on Friday. A surge in bond yields from…
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…
