Gold extended its decline from Tuesday as market participants worried about hot US inflation and its impact on monetary policy. At the same time, a rally in the US dollar made the precious metal expensive for foreigners. Traders are now awaiting the FOMC meeting minutes due on Wednesday. Gold Price Chart (Source: Bloomberg) Since last Read More…
Equities regained some ground after pulling back at the end of last week due to a decline in the tech sector. Volatility was low on Monday, with no major reports and stalled talks between the US and Iran. Market participants are looking forward to the FOMC meeting minutes due on Wednesday. Stocks rally (Source: Bloomberg) Read More…
Currency futures weakened last week as the dollar soared after upbeat inflation figures. The hotter-than-expected price pressures led to an increase in Fed rate cut expectations. Meanwhile, talks between the US and Iran stalled, leaving market participants uncertain about the future. The dollar began an epic rally on Tuesday after the US released its CPI Read More…
Interest futures were heading for a bearish close on the week after upbeat US inflation figures raised the likelihood of Fed rate hikes. The Middle East war has sent oil prices higher, boosting wholesale and consumer prices. At the same time, the US economy is starting to show signs of a slowdown. Focus this week Read More…
Oil has had a strong week so far, as forecasts point to a tighter market amid summer demand. However, an unexpected jump in US inflation has decreased expectations of a Fed rate cut, putting a lid on gains. Meanwhile, market participants are still watching developments in the Middle East war. The International Energy Agency released Read More…
Gold prices fell on Tuesday after US data showed a larger-than-expected increase in consumer prices in April. As a result, expectations of a Fed rate cut decreased, while the likelihood of future rate hikes increased. Meanwhile, traders are keeping an eye on developments in the Middle East, where negotiations have stalled. Gold ended last week Read More…
