Gold prices rebounded on Tuesday after collapsing to an over 7-week low in the previous session. The recovery was a pause in the drop, driven by a surge in Treasury yields and bets on a Fed rate hike. Uncertainty over a deal between the US and Iran sent oil prices higher last week, increasing inflation Read More…
Equities dropped at the start of the new week as Treasury yields extended last week’s gains. Uncertainty surrounding the war in Iran heightened inflation concerns. Consequently, there was a sharp increase in bets for an October Fed rate hike that boosted yields. Meanwhile, growth stocks, especially in the tech sector, dropped. 10-year yield (Source: Bloomberg) Read More…
Currency futures edged lower on Monday as the dollar resumed its rally after Trump rejected Iran’s proposal. Talks at the UN only revealed heated tensions between the US and Iran, sending oil prices higher. With this, inflation concerns increased, and Fed rate hike expectations jumped, boosting the greenback. Meanwhile, other major currencies like the euro Read More…
Interest futures collapsed on Thursday, extending the previous session’s move as Fed rate hike expectations increased. Comments from US and Iranian officials at the UN showed simmering tensions. As a result, oil prices jumped, raising inflation worries and sending rate hike expectations higher. Initially, the bond market had been on a slow uptrend as oil Read More…
Oil prices held on to Wednesday’s gains after comments at the UN showed tensions between the US and Iran remained high. This was the first bullish session since Wednesday last week, when the Fed hiked interest rates. The decline over the past week came as supply concerns eased and traders cheered a brief pause in Read More…
Gold prices were down on Wednesday for the third consecutive session as the outlook for higher global interest rates weighed on the non-yielding metal. At the same time, a rally in the dollar has made bullion more expensive for overseas buyers. Prices have declined despite a drop in oil prices as traders hope for a Read More…
