Gold resumed its decline as tensions between the US and Iran escalated on Wednesday. There was a brief rebound on Tuesday after Trump said peace talks with Iran were continuing. On Monday, Iran announced the end of all negotiations with the US due to ceasefire violations in Lebanon. Spot gold (Source: Bloomberg) Gold has suffered Read More…
Equities hit record highs on Monday despite an escalation in tensions between the US and Iran. Iranian officials said they would stop all negotiations with the US due to ceasefire violations in Lebanon. However, reports of a new computer chip by Nvidia sent the tech sector high, boosting equities. S&P 500 (Source: Bloomberg) Oil prices Read More…
Currency futures gained last week as risk appetite improved after reports that the US and Iran were planning to extend their ceasefire deal. Meanwhile, demand for the safe-haven dollar declined, with the dollar falling for a second week. Focus will now shift to the US nonfarm payrolls report due on Friday. After days of anticipation Read More…
Interest futures recovered sharply on Thursday after reports of a likely ceasefire extension deal between the US and Iran. The news sent US Treasury yields lower as oil prices collapsed and inflation concerns eased. At the same time, a set of downbeat economic figures lowered bets for a Fed rate hike in December. The bond Read More…
Oil prices plunged on Wednesday after top US officials’ remarks fueled hopes for a peace deal to end the Iran war. Meanwhile, traders remained worried about the fragile ceasefire in the previous session after reports of US strikes in Iran. The oil market has remained bearish since Wednesday last week, as the likelihood of a Read More…
Gold lost 1% of its value on Tuesday as market participants increasingly bet on a 25 basis point Fed rate hike this year. These bets increased after US military strikes in Iran. As a result, oil prices gained and inflation worries flared. Spot gold (Source: Bloomberg) Gold has dropped since the war began due to Read More…
Equities rallied on Monday amid growing optimism over a likely deal between the US and Iran to end their war. Progress in talks between the two countries has renewed hopes that the Strait of Hormuz will soon reopen. As a result, oil prices have collapsed since last, easing inflation worries. The S&P 500 was retreating Read More…
Currency futures rebounded amid an improving risk sentiment after Trump hinted at great progress in talks with Iran. Hopes for a peace deal weighed on the dollar and it lost some of its safe haven shine. Nevertheless, market participants remain cautious since the two countries could still fail to reach an agreement. When the week Read More…
Interest futures extended gains on Thursday as yields dropped due to a decline in oil prices. Oil declined on Wednesday after Trump declared that negotiations with Iran were at the final stages. Meanwhile, experts are warning of higher oil prices if the Strait of Hormuz remains closed in the summer. Crude oil, US 10-year yield Read More…
Oil collapsed on Wednesday after reports that US-Iran talks were at the final stages. The US called off attacks on Iran earlier this week to give room for negotiations. Elsewhere, the United Arab Emirates is working hard to construct a new pipeline that will pass near the Strait of Hormuz. Oil prices have maintained an Read More…
