Oil prices rose for a second day as geopolitical risks from Venezuela to Russia outweighed long-standing concerns about a global supply surplus. This means that even though global supply is still considered excessive, the market is still pushing prices up due to fears of political supply disruptions. In recent trading, WTI rose to near $57/barrel…
Feb 19 2025, 06:06 The euro is set to end Tuesday’s session (2/18) with a loss of more than 0.30% against the greenback as the S&P 500 hit a record high during the North American session. At the time of writing, EUR/USD is trading at 1.0445 below its opening price. Risk appetite has improved, but US…
Sep 14 2024, 02:15 West Texas Intermediate (WTI) crude oil closed lower on Friday, even with supply tight as Hurricane Francine shut in 42% of U.S. Gulf of Mexico production. WTI crude for October delivery closed down US$0.32 to settle at US$68.65 per barrel, while November Brent crude, the global benchmark, was last seen down…
Gold steadied following Friday’s dip as investors assess the path for US interest rates next year. The precious metal fell 0.8% on Friday, trimming a weekly gain, after New York Fed President John Williams said it’s premature for officials to begin thinking about cutting borrowing costs. Atlanta Fed President Raphael Bostic told Reuters he expects rate cuts starting in the…
Oct 28 2024, 14:02 The Nikkei 225 Index jumped 1.82% to close at 38,605 while the broad-based Topix Index gained 1.51% to 2,658 on Monday, recovering most of the losses from last week as the yen weakened further in the aftermath of Japan’s weekend election. The Liberal Democratic Party and its coalition partner Komeito lost…
Global gold prices continue to strengthen, approaching $3,650 per ounce and heading for a fourth weekly gain, driven by large inflows into bullion-backed ETFs. This rally comes amid expectations that the Federal Reserve is ready to cut US interest rates after consumer inflation data matched expectations and the labor market weakened. Silver also strengthened to…
